Koh Samui has in the last decade become one of the most popular island destinations in Southeast Asia, which means savvy international investors are once again jumping at the chance to buy property on the island.
Buyers on Koh Samui include those looking for a dual financial and lifestyle investment. which they can rent out when not in use but also enjoy as a vacation home several times a year. Others are looking to generate a year round income while they wait values to appreciate as more and more people visit and fall in love with the island.
Despite its boom and bust beginnings, the real estate market on Koh Samui has matured considerably in recent years and now attracts shrewd buyers that appreciate quality properties that offer long term potential for a return on their investment. This has promoted developers to import better materials for the construction of properties, adopting recognised international standards, as well as using reputable architects, interior designers and engineers.
In addition to improvements in build quality, the island has also seen upgrades to its infrastructure. The Ring Road has been asphalted, making access to almost every beach smooth, swift and easy. The electricity and water supply have also been improved, and better drainage systems have been installed to reduce the risk of flooding in the monsoon season. All these upgrades have made the island a stronger draw for international investors and at the same time prompted a continual increase in the number of expatriates relocating to the island.
Property buyers on Koh Samui already include individuals, couples and families from a lll over the world, with a particularly strong presence from the UK, northern Europe, Russia, Italy and increasingly nearby Asian countries such as Singapore and Hong Kong.
The most perceptive buyers use established, professional agencies like Horizon Homes when purchasing properties on the island. Such companies have the knowledge and expertise to negotiate Thailand’s infamously complex foreign investment laws, and employ foreign and Thai experts to guide clients through the purchase process and ensure they gain a secure, profitable investment.