Koh Samui LandEven though there has been worldwide slump in property purchases in the last year this has not significantly effected price points on Koh Samui as the market is generally cash driven and demand has diversified as investors from different countries around the world have discovered the island's potential. Bargains can be found, however, and those with a long term approach are still happy to leas or buy land with a view to developing properties that will guarantee healthy returns in the years to come.
Beach land is obviously the most popular and therefore the most expensive type of land on Samui, but in the less developed areas it is still possible to source incredible plots with affordable price tags. Hillside locations are now also popular as the island's topography means that even located high in the hills, residents are still only a few minutes drive from the beach. Dramatic views and peaceful surroundings come at very reasonable rates on Samui.
Caution is still advised when buying or leasing land on Koh Samui. Although there a fewer reported cases of fraud or misdemeanour than when the island was first signposted for residential development, recruiting the services of a reliable lawyer is still essential. Due diligence should be thoroughly applied and the land titles and boundaries rigorously checked before andy contracts are signed. The arrival of international legal firms and respected agencies like EP Samui, has certainly improved security for investors, but the standard checks and balances should not be forgotten.
Foreigners wishing to own land in Thailand must follow relatively complex procedures and there are several options open to investors, including establishing a limited company to buy land or entering into partnerships with Thai investors. Title deeds also vary and some may come with building restrictions and resale clauses. This means it is also essential to seek reliable legal advice before purchasing land. Legal firms and estate agents with a clear record of success like EP Samui can help investors make the best decisions and also help acquire the necessary paperwork.
Location is also an important consideration when looking to purchase land on Samui. The island hss developed at an rapid rate and is likely to continue to do so. This means undeveloped locations have the potential to change rapidly, which can be and advantage or drawback, depending on the aim of the investment. Whatever the location, it is important to research possible nearby development that could one day effect factors such as access to the property or the views from any residences built there. Koh Samui is an idyllic location in many respects with some of the most appealing tropical scenery in the region. The appropriate caution and due dilligence in place, owning land on this beautiful island is an affordable and rewarding opportunity.
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