Until quite recently, and especially when compared to many other island destinations, the Thai holiday hotspot of Koh Samui been a something of a hidden gem for property investors and private vacation seekers alike. In the last decade, however, the Samui property market has grown exponentially due to an influx of international travellers and new residents, and the wealth that accompanied them.
Once a remote island situated at the centre of the awe-inspiring Ang Thong Marine Park, Samui now boasts a range of properties to suit the needs of all visitors and easy direct flights from a choice of regional airports. In addition to the beauty of the island’s idyllic landscape, savvy investors have also been lured to properties on Samui by the increasingly high architectural standards adhered to on the island and for a while the property market soared, with many investors reaping handsome returns. However, following the global cool-down prices have regained perspective and Samui is now a location that can offer stable long term appreciation for property buyers.
The global economic deceleration of recent years has actually boosted Samui’s prospects as a property location, as developers have been forced to go that extra mile to produce a high quality product that will appeal to investors and ultimately also holiday rental guests. The authorities on Samui have also tightened architectural standards, and a blossoming of high quality properties has been the result.
Increased funding from Bangkok has also led to dramatic improvements in Samui’s infrastructure. In line with the improved property developments on the island, roadways and transportation system have been upgraded, and the standards of international schools and private medical facilities have also been raised. Koh Samui’s charming international airport was rebuilt and expanded to accommodate more direct flights from the mainland and other key Asian cities, making access to the island much more convenient for travellers.
Brand name retailers and upscale property developments are now peppered across the island, offering the standard facilities you may expect to find in the likes of Bangkok or Singapore, rather than on a small tropical island. High net-worth individuals are drawn by the refreshing sea breezes, which can be enjoyed from their private beachside mansions, while individuals on a stricter budget can still enjoy the benefits of the Samui lifestyle by investing in the more affordable condominium sector. Many retirees opt to spend their golden years in Samui’s tropical paradise, living for a fraction of the cost they could expect to in their western home countries, with the added bonus of a warm year round climate.
As with any emerging location, investors should still consider on the side of caution before taking the final plunge into any Samui properties, as the legalities of purchasing property in Thailand are different from those in many other countries, and can be confusing for those who are unfamiliar with the system. It is advisable for potential buyers to work hand in hand with real estate professionals like EP Samui that have a thorough understanding of the pitfalls, and a wealth of experience in guiding foreign investors through each step of the purchase process.
Professionals like the dedicated team members at EP Samui can help buyers take the first step on their journey towards owning their own unbeatable private villa, and make sure the choice and logistics of the actual investment run as smoothly as possible.