Although for many the idea may seem risky, investing in real estate has proven to be a safe and smart choice for many buyers on Koh Samui. Like all property markets around the world, the island has seen its share of ups and downs, bubbles and bursts, but the property market on Koh Samui today remains quite stable, producing impressive returns for investors.
When Koh Samui first started to attract international attention as it transitioned from an unknown island of fishing villages into the globally known destination it is today, the property market became famously volatile. Speculators rushed in and the market bounced up and down at pace as prices struggled to find equilibrium. Over time, however, the market has stabilised dramatically, and today owning property on the island is a safe and stable investment. Although the massive and fast returns enjoyed by lucky early speculators are probably gone for good, investing in property on the island nowadays offers a durable, long term investment that will hold value through good times and bad.
As the island’s property market has settled down and matured somewhat, the island has become more and more sophisticated. Major international hospitality brands have come to set up shop, giving the island ever greater legitimacy, and highly professional agencies like Horizon Homes have sprung up to help would-be buyers or renters find the property of their dreams.
As a buyer, perhaps the most important function of such agencies is in helping one navigate the difficult web of legalese surrounding foreign ownership of property in Thailand. The most popular route for foreigners looking to own property is to buy a condo. This is because of current legislation which restricts foreigners from owning land. However, for those looking to buy one of the island’s famous private villas there are of course legal ways of structuring the purchase, but this requires expert guidance. Agencies like Horizon Homes can make this process, which might at first appear daunting, relatively easy and trouble free.
Whatever type of property buyers choose to invest in on Koh Samui, most people find it to be a life changing purchase. Koh Samui is as beautiful as its reputation, and many who imagine they will buy a property for holidays find themselves spending more and more time on the island until it becomes their full time home. The property market is healthy and strong, and owning a home on Koh Samui is therefore an investment that will buyers will appreciate for years to come.