A Phuket Real Estate Association president told REIC that the market cooled after strong 2023–24 growth. Treat this as an attributed industry assessment, not a transaction index or proof that every district, property type or price is falling.
Short answer: A 1 October 2026 REIC interview reported a Phuket Real Estate Association president’s view that the market expanded strongly in 2023–24 and cooled in 2025, with conditions differing by segment and location. This is attributed commentary, not an official island-wide measure. Buyers should use it to ask sharper questions about a particular project rather than assume a universal price decline or bargain.
Separate the source’s claim from measurable evidence
The REIC page republishes an interview and names the association president as the source for the market assessment. It does not provide a complete transaction series proving the trend for each district, condo, villa or price band. Separate this perspective from REIC’s statistical releases, listed-property snapshots and a broker’s own enquiry data. Each source has its own period, definitions and coverage.
Test the property you are considering
For a resale, compare dated listings and completed transactions where obtainable, matching tenure, condition, floor or land area, view, furnishing and completion status. For a new project, compare the exact phase, handover status, remaining units, nearby pipeline and written payment terms. Ask the seller what evidence supports the asking price and rental assumptions. A general statement about the market cannot establish an individual unit’s value or future return.
Make the uncertainty useful
Use the interview as a reason to verify current availability, negotiate from documented comparables and stress-test your holding period. Do not infer demand, price direction or occupancy from tourism headlines alone. Before a deposit, independently check title, approvals, service charges, rental terms and the seller’s authority.
Read the REIC interview and its attribution, compare Phuket market supply by segment, and use our buyer checklist and district guide. Phuket Stay Pro can help compare shortlisted properties against their actual location and documents; bring links, prices and your intended use.
Fact-check flags: reviewed 17 October 2026. The cooling assessment is the named association president’s interview view, not an official quantified measure for every segment. Prices, supply, transaction evidence and project availability change; verify dated records before acting.
Compare properties before you buy
Start with the location and buying goal. Compare handover dates, ownership options and payment terms; confirm the current price and availability for the selected unit.