Koh Samui Properties
Since OPP opened its doors in 2008, the worldwide recession hit shortly after. However during these years, Koh Samui saw a flow of savvy buyers for holiday home/investment purposes along with permanent residents. Towards the end of 2012, the Koh Samui property market picked up and has steadily been driving forward ever since. A key benefit of buying a property on Koh Samui are the strict building and zoning regulations, allowing Koh Samui to keep its charm and what attracts its buyers from around the world.
The rental market on Koh Samui is constantly buoyant and 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 check on their work back home. On average, investors see a ROI between 7-12%.
There are many companies/websites for properties on Koh Samui, choose an agent very carefully, visit their office and get a feel for them and check they know the market. Ask them how long they’ve lived on Koh Samui and how long their business has been established. If you’re initially surfing the web, ask these questions over email, do your homework and make appointments to visit properties and try not to leave it until 2 or 3 days before you arrive.
The infrastructure is constantly improving, along with “Central Festival” shopping Center in Chaweng opening its doors in March 2014, the islands first shopping center. Shortly followed by “The Wharf”, which opened December 2014 in Bophut, lining the waters edge, where there will also be a 4 and a 5 star hotel.