Koh Samui Land

Buying land on Koh Samui is popular, since it is affordable, and many build houses, instead of limiting their options to condos. In the tourist areas there has been a spike in prices of land around the densely developed areas and the trendy south of Koh Samui.

Prices for land and houses has risen sharply in recent years and many foreigners choose to lease long term or rent/buy raw land and build their own houses. The island is in the process of applying for city status, which should mean a general improvement in the local infrastructure over the next ten years. Urban city limits are expanding rapidly, thanks to a new network of concentric highways and many house projects are under development. Although targeted at the Thai middle class, they have proven popular with foreigners, particularly those with a Thai spouse to own the land.

When buying land on Koh Samui, it is important to make absolutely sure that the boundaries are properly confirmed, along with rights to access roads. We have been informed of some regrettable instances of land fraud or extortion from unscrupulous landlords, neighbours and agent.

As mentioned earlier there is a wide variety of choice when it comes to land and houses on Koh Samui, and all the advantages that Koh Samui already has over much of its potential competition, like the airport make it a resilient market. This is likely to be strengthened over the next ten years, as Koh Samui will inevitably be granted City status, giving it control over its own finances, and therefore allowing investment in its own infrastructure and amenities, rather than being forced to share its wealth. 

They may offer a easy route to ownership in Thailand, but if you can find the correct partners to work with there should be no reason not to buy land and build a house, or buy a house already built, both can make excellent investments, and the real considerations are the amount of time you have to invest or perhaps how much of a personal touch you feel you would like to put into your project.

While from the outside looking in it may seem that there are many hurdles to overcome with ownership, including political turmoil, most commentators agree that Thailand is the most forward looking country in the region, and making the correct choices when it come to your partners can mean that effectively you can have full control of you land and or home. Koh Samui has had it’s rationalisation in the last year and can now offer many professional companies that can make the whole process here far simpler.

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