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Find the latest rental rates on the Koh Samui property market
Covering an area of 233 sq km, Koh Samui ranks third in size of all the islands in Thailand. The first two islands that occupy 1st and 2nd place are Koh Pucket and Koh Chang. Koh Samui is around 700 Kms from Bangkok and is located south of Bangkok. It will take a one hour flight time to reach Koh Samui.
Predominantly covered by forest lands, Koh Samui has a hilly landscape. The highest mountain on the island is Thao Khai Kwai which has a height of 635 meters. There is a ring road that circles around the island and it is 51 Km long. The island is well connected to Don Sak, the car ferry station on the mainland and Surrathani, the provincial capital. Koh Samui is also well connected with Koh Phangan and Koh Tao, its neighboring islands in the North.
Koh Samui is a premium holiday destination and there are a number of tours you can take advantage of. The number of expats that travel to this island to holiday every year is increasing. These expats are primarily from places like the USA and Europe. Katie Holliday, a CNBC reporter, had once written an article in 2013, about expats and the lure of Asian countries. This article covered the main reason why people from the West tend to invest in Asia. The reason that the standard of living is luxurious but the cost of living is cheaper is why a lot of foreign expats rent properties on Koh Samui.
Before deciding which type of property you wish to rent in Koh Samui, it is important to understand the different types available and the legal restrictions on them. You cannot have the freehold of the land with your name on it. The land has to be on a lease or a Thai limited company has to hold the land in its name. The different types of property available in Koh Samui are:
Koh Samui covers an area of 247 sq km but it will take you less than 45 minutes to travel from one side of the island to another. The most significant places for renting property in Koh Samui are Bo Phut, Chaweng and Choeng Mon. These locations are popular because of their close proximity to the airport, hotels, and hospitals. Tourists mostly wish to opt for rental options in these areas because they are closer to shopping areas like Tesco Lotus and the Fisherman’s Village which is a fine dining area on the island.
Chaweng Beach is highly popular because of its beautiful and gentle sandy slopes. The other famous beaches of the island are the Big Buddha Beach, the Lamai Beach and the quieter Maenam Beach.
The area of Chaweng is a primary tourist spot along with two other areas, Bophut and Lamai. If you are looking for a resplendent nightlife, the ring road is a great place to find pubs, resto-bars, live shows, fine dining and discos.
Koh Samui, despite its many attractions, continues to be in the top tier of destinations that are cheaper than many other countries. The tourism market is highly competitive but Koh Samui has effortlessly managed to adapt to the perennial changes. The island has been respectful and responsive to the needs of its tourists, in terms of budget and experiences.
This is the prime reason for foreign expats to rent property in Koh Samui. The cost of living is almost 4 times lower than countries in the West. However, the quality of life is luxurious and remarkable. For 2-5 Euros, a full course meal is available on the streets and is as nutritious as it is delicious. Exotic vegetables are available in local markets at very cheap rates. Eating in local restaurants is easier, more accessible and much cheaper than Western countries.
Meat is also relatively cheaper to buy. Lamb could be slightly more expensive since it is not locally sourced. Consumer goods that tourists require on a daily basis are also cheaper than most European countries.
Anyone who has ever considered renting a property in Koh Samui will likely have a number of questions about the process. Before signing any rental agreements, it is important to be aware of the following factors.
First and foremost, it is important to know what type of property you are looking for. Are you interested in a long-term rental, or are you looking for a place to stay for a shorter period of time? There are a number of different types of properties available for rent in Koh Samui, so it is important to narrow down your search before beginning the application process.
Next, you will need to gather some basic information about the property you are interested in renting. This includes the address, the size of the property, and the monthly rent price. It is also helpful to know if there are any special features or amenities included with the rental. For example, some properties may include swimming pools or gardens.
Finally, it is important to be aware of the application process for renting a property in Koh Samui. In most cases, you will need to submit an online application that includes your personal information as well as your rental history. Once your application has been reviewed and approved, you will be able to sign a lease agreement and move into your new home.
Property prices in Koh Samui vary depending on the size, location and amenities of the property. The average monthly rental price for a two-bedroom house in Koh Samui is between $500 and $1,500. For a long-term rental, discounts may be available. Property prices on Koh Samui have been steadily increasing over the past few years, so it is wise to shop around and compare prices before making a decision.
Property prices in Koh Samui have been on the rise in recent years, as the island has become increasingly popular as a tourist destination. As a result, many people are now searching for rental properties in Koh Samui. The best time to search for a rental property in Koh Samui is during the low season, which runs from May to October. During this period, there are fewer tourists on the island, and property prices are significantly lower. For long-term rentals, it is also possible to negotiate a lower rate if you are willing to sign a contract for 6 months or more. However, it is important to note that many rental properties in Koh Samui are only available during the high season, so it is important to start your search early if you want to find the perfect property.
Property for rent in Koh Samui comes in all shapes and sizes, from sprawling beachfront villas to cozy studio apartments. It can be tricky to decide which neighbourhood is right for you, but luckily there are a few key factors to consider. If you're looking for a long-term rental, it's important to find a neighbourhood that suits your lifestyle. For instance, if you're looking for a quiet and relaxed atmosphere, you might want to consider finding a property in Bo Phut or Choeng Mon. However, if you're looking for a more lively neighbourhood with plenty of bars and restaurants, you might want to look in Chaweng or Lamai. Whichever neighbourhood you choose, be sure to ask plenty of questions and do your research before signing a lease. With a little effort, you're sure to find the perfect rental property in Koh Samui.