Koh Samui in Thailand is rapidly becoming known as the perfect holiday destination. Attracting visitors and investors from all parts of the globe, it is gradually making a head start to capture the tourist market this side of Asia. It has become so popular that Hong Kong and British expats have been taking a closer look at the island, with many of them transforming into investment property buyers. Wealthy Asians, Europeans, and Australians are likewise drawn to Koh Samui because of its beauty and investment potential. What could be some of its features that made many foreigners desire to invest in properties there?
Koh Samui Overview
Located in the exotic country of Thailand, the island of Koh Samui is among the most sought after destinations today. It attracts visitors from all over the globe because of its chic and affordable accommodation units. The place also allows visitors to enjoy a variety of sports and entertainment, as well as experience its rich and exotic culture. Since the early 90s, Koh Samui has been known as a major backpacker destination. Its transformation into a world-class travel destination began in the late 90s and early 2000s when famous hotels started setting up shop in the area.
Today, four and five-star hotels dot the area to serve the huge influx of tourists annually. Among the popular spots within the Koh Samui area is the Ang Thong Marine National Park, where visitors can enjoy dozens of leisure activities. Among these activities include climbing, snorkelling, kayaking and diving. The spectacular scenery, coupled with quality services as well as the huge demand for premium services all help in decreasing the vacancy cycle of its accommodations.
It is Also an Investment Haven
Koh Samui attracts, not only tourists who wish to partake of its beautiful beaches but also property investors who wish to get a piece of the action. Property experts predict that Koh Samui will continue to develop and evolve into a trendy and extravagant getaway for tourists. Obviously, when such a thing happens, it will greatly help the price that its accommodation units and properties offer.
This is perhaps the reason why more investors are keenly interested in the island. Many of them have started buying up properties, particularly several-bedroom villas that can accommodate tourists who wish to experience a different kind of living.
Koh Samui rental prices
An apartment accommodation at the island costs around $60 for each night of stay, which is definitely affordable for tourists travelling this part of the world. The rental prices of luxury villas can range anywhere between $80 and $720. You might consider the latter price as stiff but you will be surprised to know even these types of villas seldom get vacant, particularly during the peak season. With average rental property prices starting at $400,000 and annual yields of 7%, it is not surprising for property investors to be genuinely interested. As if this is not enough, Koh Samui properties also offer potentially huge capital growth of 8%. Do you know the best part about it all? Investors themselves get to have their own vacation house when it is time for them to enjoy the sun.