Properties Samui

Thailand’s laws regarding foreign ownership of property are still notoriously complex and difficult, but this doesn’t mean that buying on Koh Samui is impossible. In fact, quite the opposite, and with a wide variety of leases available and steady growth for the foreseeable future, many find that buying on Koh Samui is a rewarding and appealing option.

As Samui’s reputation as a major holiday destination grows, more and more properties (including both large developments and stand alone villas) are sprouting up. The low prices of land and labour make the island particularly attractive for investors. The choicest patches of land on both beaches and mountains were quickly snatched up, mostly by foreign investors, and property prices then shot up. Those who got in at the start of the boom are seeing the best returns, but the rapid development had a cooling effect on the market, leading to the much more stable conditions seen today.

Although the overall economic downturn of the last half decade has impacted on investment levels, prices have evened out as supply approaches demand. For those looking longer term, this apparent slow down presents the perfect opportunity for investment, and major improvements have been seen in construction quality and the kind of contracts buyers are able to get.

Industry standards have certainly improved noticeably on Koh Samui, and as buyers become more geared towards those looking for a retirement or holiday home, and not just a pure investment, so have the demands of consumers. To respond to the demands of consumers, the local government has received additional funding, resulting in a better infrastructure and public amenities. Improved conveniences have also made the island more appealing to corporations and big-scale developers. Many of these new developers are looking to feature private residences, but with resort-style amenities. Exclusive private villas have also proliferated greatly, many in the island’s major areas but also some in more secluded sites.

The obstacle and rules still remain in Thailand, so buyers must be careful to take note and make sure all legalities are taken care of properly. Professional agents like EP Samui employ experienced staff that are able to guide the buyer through the process with timely assistance.