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Learn more about the Koh Samui property market through trends and average prices.
The Island is located within the ‘Gulf of Thailand’, Phuket is Thailand’s largest island and Koh Samui is the second largest island. The island is growing at a rapid rate with foreign arrival numbers during 2018 via international flights doubling over the past five years. Known for its palm-fringed, white sand beaches and wellness retreats and is a perfect environment to explore on an organized tour, Koh Samui attracts a Healthy mix of tourists from budget backpackers to high-end holidaymakers who will stay at some of Thailand’s most luxurious properties.
Koh Samui offers a wide range of property types which cater to a diverse investment range. Island zoning regulations and mountainous jungle terrain have limited the development of high-rise condominium projects when compared to other holiday markets across Thailand. Modest-priced, boutique-style condominium projects are predominantly located in Mae Nam and Bang Rak and start at approximately 60 SQM. These projects offer good common facilities and shared transportation to major shopping centers and popular nightlife and locations. The same mountainous terrain that has limited the mass growth of condominium projects provides the perfect footprint for the mid-range price point of investment sea-view villas. Predominantly located in Chaweng and Bo Phut these properties start from 2-bedroom configurations and are approximately 170 SQM in size. A great example is Lux Neo in Chaweng. The high-end or luxury segment of the market caters to lavish pool villas which are located island-wide. All of these properties feature stunning sea-views and some with direct beach-access in areas like Laem Set.
The most popular tourism area of Koh Samui is Chaweng which is home to the majority of the islands restaurants, activities and nightlife. Central Festival has opened a lifestyle shopping complex which is the largest shopping center in Koh Samui. For those looking to escape to a more peaceful retreat, Lamai offers a friendly family environment with beachside bungalows and restaurants where you can pass the day by lounging on the beach. If beach clubs are on your agenda then a trip to Lipa Noi is a must where the world famous Nikki Beach club always offers a host of activities and dining.
In recent years Koh Samui has shed its label of being a backpacker’s haven and has widely become known for being the ‘wellness’ destination of Thailand. Catering to those looking to escape their day to day lives and focus on self-improvement. Whether mind, body or soul Koh Samui has become a top global destination for yoga retreats that offer spa packages and organic healthy food options ensuring guests return home well-rested and rejuvenated. For those looking to make a more permanent impact, like its big brother island Phuket, Koh Samui is home to hospitals with international credentials and standards that are attracting holidaymakers of all nationality’s to explore a Breast Augmentation procedure and then recover in a tropical paradise. Situated in the ‘Gulf of Thailand’ Samui is within close proximity to local islands where you can catch a ride on a traditional long-tail-boat or charter a more luxurious option as highlighted on BoatCrowd.
There are lots of reasons as to why foreign and local Thais want to invest in real estate in Koh Samui. The top 5 reasons are the following:
Property in Koh Samui is becoming increasingly popular, as the island offers a stunning natural landscape, a laid-back lifestyle, and an ideal climate. However, there are a few things potential buyers should bear in mind before making a purchase. Firstly, it is important to have a realistic idea of your budget. Property prices on the island can be high, so it is important to set a realistic financial limit. Secondly, it is advisable to use the services of a professional property agent. A good agent will be able to show you a wide range of properties that match your budget and requirements. Finally, it is important to bear in mind that the legal process for buying property in Thailand can be complicated. It is therefore advisable to seek professional legal advice before entering into any contract. With these considerations in mind, buying property in Koh Samui can be an enjoyable and rewarding experience.
Can foreigners really buy property in Koh Samui? The simple answer is yes! Any foreigner can buy property in Koh Samui as long as the seller is willing to sell. Property prices have increased significantly in recent years, but there are still plenty of opportunities for foreigners to purchase property on the island. However, there are a few things to keep in mind when looking for property on Koh Samui. First, it is important to consult with a lawyer to ensure that the sale is legal and that the property is properly zoned for residential use. Second, it is important to be aware of the potential risks involved in purchasing property in a foreign country. It is always advisable to seek professional advice before making any major purchase. With these considerations in mind, there is no reason why foreigners cannot enjoy all the benefits of owning property on Koh Samui.
Property for sale in Koh Samui is often expensive, with the average cost of a three-bedroom villa sitting at around 15 million baht. The price of land on the island has also been increasing, with some plots of land costing as much as 50 million baht. As a result, the cost of building a house on Koh Samui can vary significantly depending on the size and location of the property. However, it is possible to find cheaper options if you are willing to compromise on location or build a smaller home. Ultimately, the cost of building a house on Koh Samui will depend on your specific requirements.
Property in Koh Samui is becoming increasingly popular with buyers from around the world. The island has a lot to offer, from its white sandy beaches and azure waters to its lush tropical jungle and relaxed atmosphere. However, as with any property purchase, there are some risks involved. One of the main concerns for buyers is whether the property is properly registered and insured. In addition, Koh Samui is prone to tropical storms and flooding, so it's important to make sure that your property is located in a safe area. With so much to consider, it's important to do your research before making any decisions. However, if you're looking for a place to relax and enjoy the natural beauty of Thailand, then Koh Samui could be the perfect destination for you.