Is Koh Samui property investment worth it?
When it comes to property investment, Koh Samui is one of the places that can guarantee you good returns. Koh Samui is not only the third largest island in Thai, but it is also known to be one of the world’s top tourist destinations. The real estate market is also one the rise in the island, thanks to the improved infrastructure and affordability of the property. People also prefer investing in Koh Samui due to the fact that it is one of the few islands that are known to have a combination of exotic tropical life and modern luxuries. In the past few years, Koh Samui has been known to attract a wide range of tourists who love to appreciate the beautiful nature that the island has to offer. Koh Samui Island has climate that is conducive in most parts of the year, which is one reason why you should consider Koh Samui investment.
Being located in the Gulf of Thailand, it is easy to get to Koh Samui. The island also has it’s an international airport. The tourism industry has been gradually developing over the last few years, and this has attracted more investors. Currently, the island is busier compared to Phuket, making it the second largest business resort in Thai after Bangkok.
With the impeccable nature and the convenient climate, some people who visit the island on vacation may decide to stay. This has led to an increase in the number of the expat community on the island. Koh Samui is also developed in terms of infrastructure, with a good number of modern schools, hospitals and even internment places like cinema halls and golf courses. There are both large and small shopping centers where both local and export products are sold. Although there are laws regarding the ownership of property by foreigners in Koh Samui, it is still easier for foreigners to make Koh Samui investment.
Before purchasing property in Koh Samui, it is also important to be aware of the property law regulations. For instance, environment regulations prohibit oil extraction, mining and other activities that can negatively affect the environment in the region. Residential buildings should also not be more than 12 meters high. Besides, there are taxes that you are required to pay once you own property in Thai, but these taxes are affordable. These among others are some of the important laws and regulations that you need to know before considering Koh Samui investment.
There are also reasons why you need to know about return on investment before purchasing a property at Koh Samui. There are two types of property that you can invest in on the island. One is a purely rental property, and another is the property that can be used at certain times of the year and rented out during the high seasons, or when you are not using it.
To get a good return on investment, purchasing property in one of the popular places in Koh Samui can come in handy. This is because properties located in such areas are usually on high demand. Most visitors would also want to purchase property where they can see the general view of Koh Samui. Such property not only attracts people to rent, but it can also be resold at a greater price in the future. Lastly, it is important to ensure that you market your new apartment. With good marketing, you can attract a huge number of tourists and this means high return on investment.