Buy real estate in Thailand from the developer: Phuket, ready-made and under-construction villas

Deciding to buy real estate in Thailand is a step that Russians are taking more and more often, tired of uncertainty. The overseas property market is drawing people in: they are looking for a solid asset by the sea, but they are afraid of scammers and don’t understand how to transfer money. Buying property abroad isn’t scary in itself—what’s frightening is the lack of clear steps and concrete numbers.

Vladimir Mironov represents Harmony Ocean Property, an investment company that helps you buy real estate in Phuket directly from a trusted developer. The agency’s mission is to guide you from the very first consultation all the way to the keys, explaining every stage clearly and without fluff.

Why Phuket — where to buy property in Thailand in 2026

Thailand has led the demand of Russians for foreign real estate for seven quarters in a row: in Q1 2025, the country’s share was 31.2% of all inquiries. In Phuket, Russians account for up to 70–75% of foreign buyers; in 2024, they purchased more than 1,260 properties worth over $128 million.

Property prices in Phuket increased by 10–15% over 2025. But by 2026, more than 10,000 new units are coming onto the island — the risk of oversupply is real. This means that buying property in Thailand “blindly” is dangerous. Developers in Phuket vary in reliability, and real estate investments in Thailand make sense only with expert selection.

The company Harmony Ocean Property works on the island every day and sees which areas are growing and where supply will soon outpace demand. In an overheated market, you need a live expert, not an aggregator with thousands of listings.

Villas, condos, or apartments — what Harmony Ocean Property offers

If you want to buy an apartment in Thailand, the easiest way is to purchase a condominium as full freehold ownership. Foreigners have access to a quota of 49% of the building’s total area, and this is the only format where a foreigner owns the property outright. Buying a condo in Phuket is the most transparent path.

With villas, it is more complicated. Land in Thailand cannot be directly owned by a foreigner, so villas are more often registered as leasehold — a long-term lease for 30 years. There is no legal guarantee of leasehold renewal; it is only an intention of the parties. But if you want to buy a villa in Phuket, that is not a reason to give up — you need to understand the transaction structure. You can buy a villa in Thailand as off-plan: at the start of construction, the price is 15–30% lower, installment payments are available, but there is a risk of delayed completion. A ready-built villa is more expensive, but you can move in immediately and assess the property with your own eyes.

Buying an apartment in Phuket is legally simpler than buying a villa, and Harmony Ocean Property will help you choose the format that suits your goals, not someone else’s commission.

How much does a villa in Thailand cost — real prices in Phuket

Market benchmarks for 2026. Studios (25–30 m²) start from 3–5 million THB. One-bedroom apartments 1BR (35–45 m²) — from 4.5 to 8 million THB. Two-bedroom apartments 2BR (55–75 m²) — from 8 to 15 million THB. Villas — from 12–20 million THB depending on location and size. Prestigious areas — Bang Tao, Layan, Surin, Kamala — are always more expensive, but liquidity there is higher as well.

Property sales in Phuket are often accompanied by promises of “guaranteed 7–15% annual returns.” Usually this means that the property price is inflated by 15–25%, and the “guaranteed return” is actually your own money being paid back from that overpayment. The real net yield in Phuket is 3.5–5.5% per annum.

Real estate in Thailand is not a deposit at 15%, but a solid asset with capital growth. You should calculate the yield with an expert company in the field of “foreign real estate,” Harmony Ocean Property, which will show you the math for a specific property, not brochure numbers.

Purchase of real estate abroad: documents, verification and support

The path from selection to keys:

Selection. We determine the goal — investment, living, capital preservation. I select 3–5 properties within the budget.
Property verification before purchase. Developer: history of completed projects, availability of EIA, Chanot title.
Contract. Lawyers review the purchase agreement: penalties, completion deadlines, escrow conditions.
Booking. A deposit of 100–200 thousand THB secures the property and the price.
Payment. Installment plan during the construction period or full payment.
Keys and registration of ownership at the Land Department.
Documents for purchasing real estate include the purchase agreement, passport, and proof of source of funds. Since the end of 2025, banks have strengthened KYC/AML checks for transfers over $200,000.

Money transfer: a direct transfer from a Russian bank to the developer’s account is legal. Since December 8, 2025, the Central Bank of the Russian Federation has removed the monthly limit of $1 million. For freehold, the money must come from abroad in foreign currency, and the bank issues a FET form.

Tax on property purchase and fees: registration fee, duties, monthly maintenance fee — 40–90 THB/m²/month. Legal support for real estate transactions is not an option, but a necessity.

Working with a real estate agency in Phuket that checks every step means not being left alone with Thai law. Harmony Ocean Property handles the transaction from the first document to the last signature.

Risks and whether it is worth buying real estate in Thailand

In 2024, construction was halted for three developers in Phuket. One of them — New Nordic — left more than 100 Russians without money and apartments. This is not a horror story, but reality. Completion delays affected about 12% of projects from 2023–2025: timelines were pushed back by 6–18 months. Leasehold on a villa does not guarantee renewal after 30 years.

The buyer’s main fear: “How do I know I won’t be cheated?” The answer: “The money goes directly to the developer. I physically do not touch your funds — I have nothing to take from you. This is not a marketing gimmick, but the transaction structure. The role of the agency’s real estate transaction specialists is to verify the property, guide you through the documents, and see you through to the keys.

Is it worth buying real estate in Thailand? Yes, if you work with experts in buying property in Thailand who select developers based on track record, not commissions, and honestly explain the risks. Buying real estate in Thailand is not a lottery, but a process that, with proper support, is predictable and safe.

Harmony Ocean Property — a real estate agency in Phuket

Vladimir Mironov, owner of Harmony Ocean Property, helps you buy property in Phuket from verified developers. For each client, the following services are provided:

• selection of a property according to your goals and budget — from the entire market, not just one developer;
• verification of the developer, documents, and legal title;
• comprehensive turnkey support — from selection to keys;
• liquidity and yield analysis for the property;
• price lock at the minimum rate at the start of construction;
• assistance with international payments and the payment route;
• partner discounts and bonuses from developers.

You pay directly to the developer; Vladimir Mironov, owner of Harmony Ocean Property, handles the transaction personally. The price for you is no higher than with a direct purchase — the commission is paid by the developer.

The portfolio includes real properties: The Title Legendary in Bang Tao (handed over in January 2025) and the Nai Yang project (sales launch — January 2026).

If you have decided to buy property in Thailand and need an expert — leave a request on the website for a consultation, and Vladimir Mironov will provide all the necessary information.

Conclusion

Buying real estate in Thailand from a developer is realistic and safe if you know the steps, numbers, and risks. The Phuket market is growing, but that is exactly why you need not an aggregator, but a person who will protect your interests.

The investment company Harmony Ocean Property and its owner Vladimir Mironov will help you go from idea to keys — with verification, support, and honest calculations.