They say that timing is everything, but did you know that this applies to purchasing apartments as well? If you’re buying an apartment in Phuket, timing is key and if you’re already in the middle of your search then you probably read this blog before going any further.
Timing depends on several factors, including your budget, your desired location, and your personal preferences. However, there are some broad recommendations we can make as seasoned professionals in the Phuket real estate market, regardless of whether you’re looking for a small or large apartment.
Here is a general overview of the different seasons in Phuket and what to expect when buying an apartment in Laguna during each season:
Buying Apartments in High Season (December – February)
The high season in Phuket is from December to February. This is the busiest time of year, as tourists from all over the world flock to the island to enjoy the warm weather and beautiful beaches.
During the high season, prices for apartments in Laguna are at their highest. However, there is also a greater selection of apartments available, as many owners choose to rent out their properties during this time of year. That being said, if you’re looking for a long-term rental or a purchasing opportunity, this period will probably yield the most expensive results.
However, if you’re with a seasoned agent or are a local resident of Phuket already, you are less likely to be taken advantage of when it comes to negotiating pricing.
Buying Apartments in Shoulder Season (March – April and October – November)
Shoulder season occurs just as the high season is waning or building up. In Phuket this period runs from March to April and October to November. During these months, the weather is still warm and sunny, but there are fewer tourists.
As a result, prices for apartments in Laguna are slightly lower during the shoulder season. There is also a good selection of apartments available, as some owners choose to sell their properties during this time of year, after making the most of high season traffic.
Buying Apartments in Low Season (May – September)
The low season in Phuket is from May to September. During this time of year, the weather can be hot and humid, and there are fewer tourists.
As a result, prices for apartments in Laguna are at their lowest during the low season. While apartment prices reach their lowest during the low season, the selection of available options may be more limited. This is because some owners choose to temporarily close their properties during this period due to the rainy season and reduced tourist activity.
So what’s the conclusion?
So with all this information in mind, when is the best time of year to buy an apartment in Laguna?
If you’re on a tight budget, the low season is the best time to buy, as prices are at their lowest. However, if you’re looking for a wider selection of apartments, the shoulder season is a good option. Shoulder season is also an easier time to purchase because the stress of tourist crowds has melted away.
If you’re not concerned about budget and want to buy an apartment in a prime location, the high season is the best time to buy. However, be prepared to pay a higher price.
Here are a few additional things to keep in mind when buying property in Laguna:
- Assess and analyze your own needs – be specific about what you’re looking for.
- Work with a reputable real estate agent. A good real estate agent can help you find the best possible deals on apartments in Laguna and negotiate the best price on your behalf.
- Be prepared to negotiate.
- Have the apartment inspected. Before you sign any contracts, have the apartment inspected by a qualified professional. This will help to identify any potential problems with the property.
By following these tips, you can find the perfect apartment for your needs and make the buying process as smooth as possible.
Contact Phuket Prime Real Estate today to learn more about our selection of incredible apartments in and around Laguna and to schedule a viewing!
