Property Koh Samui
Thanks to Thailand’s international reputation as a worldwide holiday destination, property investors have enjoyed a steady return on their investments. This in spite of political upheavals and economic uncertainty. Easy access to Asia and the rest of the world, plus a the low cost of living, favourable climate, developed infrastructure and expanding economy have prompted continuous growth in the resort property market.
Clever international marketing also brings ever-increasing numbers of holiday-makers, foreign residents and retirees to Samui, which has helped the island become one of the fastest growing property markets outside of the Thai capital. Even during the credit crunch, the island has enjoyed an influx of Russian, Eastern European and Chinese buyers to supplement the traditional demographic of Asian and European investors.
Property prices remain favourable when compared to Western markets, and appreciation rates of around 10-15% per annum are predicted in the coming years. However, high end buyers have certainly influenced sales and many real-estate professionals on the island report a general shift away from the heavily developed tourist areas like Chaweng, with high net worth clients now looking both north and south for higher yields and better quality plots.
Average mid-range property prices for condos and houses on Samui range between 5-20 million baht, taking into account factors such as size, proximity to the beach and sea views. High-end villas can cost significantly more, with plenty of luxury villas now fetching upwards of 40 million baht.
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