Over the same period, regional consumer expenditure growth is predicted to rise to 4.5% year on year (2006), from the 2004 rate of 3.4% year on year. This should prove supportive to foreign visitor arrivals in Thailand over the medium-to-long term.
Koh Samui Property Investment
Positioned between the financial powerhouses of Singapore and Hong Kong and within a reasonable flight time for the Middle East, Koh Samui attracts large numbers of high flying business executives and expatriate workers who all are looking for somewhere safe to invest. Koh Samui not only brings them a quality of home that simply would not be feasible in their country of residence but also an environment where they can truly relax with the family and get away from the stresses of the “Rat Race”.
Most people nowadays realize that property acquisition is one of the safest investments available, which is why investors are flocking to take advantage of the blooming Koh Samui property market to spend their hard earned bonuses and tax free earnings.
Property Strength Koh Samui
Investment into the Samui property market is reportedly increasing at approximately 20% per year. The next few years should see the island market bloom as Samui is still relatively undeveloped compared to other seaside resorts like Pattaya and Phuket, which have been undergoing high development for many years now and subsequently are edging towards their property price pinnacle.
This brings a unique quality to property investments in Koh Samui as the island has thus far retained its tropical island feeling which in turn will attract more future investment long into the future.
Investment Strength
BMI’s core forecast is for regional private consumption to pick up over the next two to three years, despite a tapering of real GDP growth. The aggregation of data for eight key regional economies (Hong Kong, Malaysia, China, Thailand, South Korea, Japan, Taiwan and Indonesia) shows a deceleration of economic growth to 3.9% in 2005 from 5.6% in 2004, before a partial rebound to 4.6% year on year in 2006.
For Koh Samui property investment advice contact Horizon Homes today to secure your place on this paradise island.
Call us now on: +66 (0) 77 417 005
