Koh Samui is Thailands third largest island claiming a total size of approximately 230 square kilometers. The island itself is extremely hilly, even mountainous in the centre meaning that only the land nearest the beaches is generally considered habitable. Although this leaves a wealth of options when it comes to buying land things have changed over the last 30 years and gone are the days when beachside plots of land were lost and won by gambling locals or bought and sold for the price of a second hand car.
Beach land is still available on Koh Samui but the price has risen exponentially as availability has gone down and now a rai of beach land in a popular spot is likely to set the buyer back in excess of $30 million while it rarely dips below that price anywhere on the island. This doesn’t mean great opportunities don’t arise but they are fewer and further between now so if you have the chance to get a seriously below market price on beach land then a solid profit on resale is almost guaranteed to be coming your way.
Sea view land is the next most sought after and there is still plenty of this around so a lot of thorough market research combined with extensive shopping around is highly recommended for the buyer considering investment. Prices here are also rising at a slower rate although prime spots can be the exception and it is getting harder and harder to find good land with stunning sea views at a reasonable price.
The increase in investor interest within the Koh Samui Real Estate market has meant that developers and buyers alike have started to look further afield than just the Bpophut area when purchasing land and the island is becoming ever more populous. Wise long term investors might be encouraged to look to the North, South and West coasts of the island for land where bargains are still to be had on very desirable plots of land.
Whatever your needs there are still plenty of land buying options available for you on Koh Samui and professional agents such as Executive Homes Samui will be more than happy to guide you through the purchasing process as well as introducing you to trustworthy and skilled Architects and building firms in order to make your dream home become a reality.