Ko Samui Properties
Whether looking for a permanent home or your own private escape, buyers on Ko Samui have a far wider range of available properties than ever before. While prices have certainly gone up in recent years, the value of the market has increased accordingly as well, regardless of whether one is looking at standalone properties or one at a top of the line planned development.
As more and more smaller players enter the market, the overall housing climate has become much more stable. This rise in smaller scale developers and personal owners has made the market far less speculative than previously, and with a greater number of buyers looking to simply own a property, the island is no longer subject to the massive swings that plague markets filled with those simply looking for an investment flip.
At the top of the ladder, foreign investors have shown strong interest recently in Ko Samui’s many luxury properties, attributable in no small part to the great value for money the island offers compared to similar resort areas like Phuket or Bali. Buyers from Hong Kong and Singapore are leading the pack thanks to Samui's easy accessibility to these areas, but other foreigners have made their presence known as well.
However, the global financial slowdown of the last few years has given many non-Asian buyers pause in the luxury market, allowing for the mid-range market sector to flourish. Europeans in particular have been buying up units in the many low-rise condos springing up, and with many of these buyers unable to manage their property directly due to distance issues, management companies have emerged to fill the void, offering owners hassle-free management which enables cost offsetting rentals during peak seasons.
To cater to the increasing foreign population, the diversity and presence of well-known international brands on the island has increased as well. Big names such as Tesco and Starbucks have grown, and virtually any western food can be purchased on the island, albeit at a premium. Complementing this growth in international product availability has been the promising efforts of the local government, improving infrastructure and attracting more and more investment from the government. Things that use to be worrying shortcomings, such as electricity, roads, and sanitation have improved by leaps and bounds.
As if any further evidence of the increasing cosmopolitanism of the island was needed, the presence of international standard education facilities truly marks Ko Samui’s arrival as a major tourism and travel centre. Expat clubs and societies are flourishing, and with the arrival of modern medical facilities the island is a very attractive choice for people at any point in their lives. With a dearth of properties creating a buyer’s market, there’s no better time than now to purchase property on this tropical paradise.