Ko Samui Real EstateVisitors to Koh Samui looking to purchase properties nowadays are generally wealthy individuals, looking for a second home as a lifestyle purchase or those that want to spend part of the year on the island and then rent out their villas or apartments to visitors when they are back in their home countries.
The maturity of the real estate market is now significantly more appealing to investors than the frenzied buy and sell mentality of years past. Until the global financial crisis caused a rethink, agents and professional speculators eagerly flipped and re-flipped properties on Samui, seeking quick and high returns with scant regard for quality or regulations. A somewhat calmer, stronger market has prevailed today that allows the buyer a little more flexibility and security, while professional agencies that remain on the island such as EP Samui, can also assist buyers throughout the entire purchase process.
In recent years, Koh Samui’s international profile has grown immensely. The island was a sleepy, forgotten backwater only twenty or thirty years ago, but has since become home to international schools, word class shopping and dining options, a vibrant nightlife scene and even an international school. The widespread use of English amongst the locals and on signage has made full time residence much more appealing for foreigners, and many now live on the island permanently.
The construction and expansion of the island's international airport also made getting to and from Samui a very simple process with major international airlines now involved in code sharing with Bangkok Airways, the primary airline to the island, and flights arriving and departing direct to Koh Samui from several major Asian cities, including Hong Kong, Singapore and Kuala Lumpur. Getting around the island is also remarkably easy. Investment from the local Thai government has seen the infrastructure improve dramatically in recent years, with projects stepped up to improve the quality of life for residents on Koh Samui, including the scheduled completion of an asphalt ring road and more strict enforcement of construction standards to ensure property investors get what they pay for.
Owning a property on Koh Samui is a dream come true for many international buyers, and with good reason. Although the process for purchasing property as a foreigner can be complicated, it is far from impossible, and professional agencies like EP Samui make sure all the permits, deeds and paperwork match the required stipulations for a safe investment. There is now a healthy market for holiday rentals as well, and those looking to make a little extra income from renting out their property to holidaymakers will find many willing takers, especially during the peak season.
Whatever type of property or investment strategy you have, buying real estate on Koh Samui is an attractive investment in a safe and healthy market. As long as the right steps are taken and basic caution heeded, it is an investment that has the potential for solid returns from a property that can be enjoyed for many years to come.