Sitting in the crystal blue waters of the Gulf of Thailand, it is little wonder that Koh Samui is known by many as a paradise on earth. Because of its natural beauty, more and more people are becoming interested in owning real estate on the island.
The island's real estate market is a very healthy one, with properties in nearly all locations making healthy returns with relatively little volatility. Its proximity to booming markets throughout Asia has also helped prices remain strong despite the financial turmoil of recent years, and looking ahead the island will only prosper more.
Although in its earliest days as a tourist destination Koh Samui a location for those on a budget, for quite some time now the island has earned a reputation as a place for the elite and well-heeled looking for an experience that is relaxing and luxurious. The white sand beaches and crystal blue waters that put the island on the map in the first place are still very much present, and play an important role in buoying real estate prices; beachfront properties will always command a premium, and Koh Samui is no exception.
The real estate market on the island is quite varied. For many foreigners, the most popular style of property to buy is a condominium, which thanks to Thailand's foreign ownership laws are technically the only kind of real estate that can be 100% owned in a foreigner's own name. However, there are ways to own other kinds of real estate as well, and professional firms such as Horizon Homes can play a very helpful role in cutting through red tape and allowing buyers to own the property of their dreams.
Some of these other forms of property include standalone houses and mansions but also private villas and hotel suites, which can be bought and then rented out when the owner is not present. Renting one's property out is a particularly attractive way to help owners recoup some of their investment, especially if they are planning to be absent for long stretches of time. The peak travel season, around Christmas and New Year's, can attract some heady rental income for those with top of the line properties.
Real estate on Koh Samui is truly an excellent investment, and the market is only getting stronger as time goes by. There are so many different kinds of properties available and excellent local firms to help with all the legal bits to make sure one's property is safely and securely owned. With the prospect of rental income to boot, owning real estate on Koh Samui is a highly attractive proposition.