The Koh Samui Property Market
Koh Samui is a little gem, a tropical island that is accessed from the mainland of Thailand by ferry, or directly by plane, to the islands award winning International airport. Its charm is addictive and with its year-on-year growth, both in the property market and in general, Koh Samui continues to be a destination of choice for holidaymakers and investors.
Since Overseas Property Portfolio opened its doors in 2008, the Koh Samui property market has seen many changes. OPP arrived at its peak, which, unbeknown to us, was soon to fall and then the worldwide recession hit. However during these years, Koh Samui saw a flow of savvy buyers for holiday home/investment purposes along with those looking to make the island a permanent home.
Towards the end of 2012, the Koh Samui property market really seemed to pick up and has been steadily driving forward ever since, with old developers returning, along with new one’s arriving, seeing the opportunity the island has to offer.
There’s a variety of Koh Samui properties for sale and range from small condo’s/apartments, up to the luxury hillside/beachfront villas, both off plan/under construction and already complete. A key benefit of buying a property on Koh Samui is the fact that there are strict building and zoning regulations, making sure that the island doesn’t get overcrowded and no high-rise buildings. This allows Koh Samui to keep its charm and what attracts buyers from around the world.
The long and short-term rental market on Koh Samui is constantly buoyant, with its peak season over the Christmas and New Year periods, when most properties are booked months, if not a year in advance. With 30-day visas on arrival for most nationalities, good internet connections and of course the sun and the beach, Koh Samui is a popular location for those looking to come and relax yet able to check on their work back at home. On average, investors see a ROI between 7-12%, making their Koh Samui property a lucrative investment.
There are more and more companies/websites appearing with many Koh Samui Properties for sale, some will have the same listings, this is normal on an island like Samui. Choose an agent carefully, go and visit them in their office, sit down and have a chat, get a feel for them and check they really know the market on Samui. Find out how long have they lived on Samui and how long their business has been established. If you’re initially surfing the web then ask these sort of questions over the email, do your homework before you come and make appointments to visit properties. Try not to leave it until 2 or 3 days before you arrive, there’s lots of information to take in and you may want to visit a lawyer for further advise.
Koh Samui has a lot to offer and will continue to. The infrastructure is constantly changing, with an overhaul of the water drainage system to ease the flooding when there’s the tropical heavy down pours, as well as the re-wiring for electricity across the island. “Central Festival” shopping Center opened its doors in March 2014, in Chaweng, bringing a department store and some branded names to the island, the first shopping center of it’s kind. Shortly followed by “The Wharf”, which opened in December 2014 in Fisherman’s Village, Bophut, bringing an array of boutique shops and restaurants, lining the waters edge, where there will be a 4 and a 5 star hotel built to complete the project.Koh Samui Villas - Click here to search our listings.