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Property in Koh Samui
Riding on the wave of Thailand’s
excellent international reputation as a premium holiday destination,
property investors in the Gulf of Thailand have been continuing to enjoy
steady capital growth, despite recent political upheavals. Thailand’s
excellent connectivity to Asia and the rest of the world, its relatively
low cost of living, favourable climate, sophisticated infrastructure
and stable economy are just some of the reasons that the property market
has remained buoyant, and the government’s strong marketing ensures
ever-increasing flows of holiday-makers, ex-pat residents and retirees.
Samui
is one of the fastest developing property market outside of the capital
and has recently seen an influx of Russian, Eastern European and
American buyers, in addition to the traditional demographic of Asian and
Europeans.
Property prices remain favourable when compared to
Europe or the US, however are still generally achieving strong growth
rates of around 10-15% per annum. Real-estate agents on the island have
reported a general move away from the heavily developed and pricey
tourist areas like Chaweng and are looking to North and South for higher
yield and better quality plots.
Average property prices for
condo’s and houses on Samui range between 5-20 million baht, taking into
account factors such as size, proximity to beaches and views. High end
villas though, cost significantly more with plenty of superstar-style
villas upwards of 40 million baht.
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