Koh Samui Land

The  current world economic slow down has prompted a reduction in the price of both land and property on Koh Samui. Having experienced a boom in investment at the beginning of the new century, the property market remained relatively stable until 2007 with steady demand from a wide variety of sources and buyers continuously arriving from new countries to bolster transaction volumes. In the last two years, however, some owners have dropped their prices to attract new investors and this means the island is now definitely a buyers' market. Some international purchasers are choosing to lease or buy raw land at bargain prices to build their own homes, while savvy developers are snapping up larger plots and making deals with local landowners that allow for an impressive return on investment.

The supply of beachfront land on Samui has been limited for some time and this has driven prices upwards for plots in the more popular parts of the island. In less developed locations however, beach land can still be purchased at attractive prices, while hillside plots with views and access to the beach remain excellent value on Samui when compared with similar land in other resort destinations around Thailand and South East Asia. Transport links to and from the island are also good, with direct flights to many important Asian cities. This has further enhanced the island's reputation as an attractive investment option, particularly with regional Asian and ex-pat buyers.

When purchasing land on Koh Samui, as would be expected elsewhere in the world, it is essential to follow due diligence. Investors should always make sure certain factors are secure. This includes checking the land boundaries  are registered with a legitimate title deed and also ensuring rights of access are guaranteed. Reports were made of untrustworthy developers and agents exploiting investors in the island's early stages of development, but more recently,  international law firms have set up branch offices on Samui and the local government have imposed greater restrictions the sales process. This means investment opportunities are now safer, as long as the necessary steps are taken to guarantee a water tight transaction.

Ownership of land in Thailand is a complex process for foreigners. Investors must establish legitimate legal vehicles to purchase land. There are also several types of  land title issued by the land office, some of which limit the amount of construction on a site and also prevent immediate resale of the property. It is important for investors to seek professional legal advice before buying land. It is also advisable to talk to the island's most established real estate agencies such as EP Samui. They can help buyers choose the best option and also make sure the necessary paperwork is in place.

Location is also an increasingly important consideration when choosing land or property to buy on the island. Widespread development means the landscape is changing all the time and it is crucial to make sure that your plot will not be disturbed by planned projects on neighbouring pieces of land. If the views are spectacular, you should make sure they are also permanent and check that the surroundings suit your needs, both in the short term and also well into the future. Samui is undoubtedly a unique destination to own property. The soothing tropical environment and easy access to a choice of fine beaches and local amenities appeals to investors from around the world. With the correct checks and balances, buyers of land and houses on Samui have a rare chance to own a very special slice of paradise.