An upswing in interest and growth has characterized Asia’s property market with continued economic sloth in the West. While real estate might be crawling forward in Europe, the United States and other parts of the world; Southeast Asia, and Thailand particularly, has enjoyed expansion and progress on many fronts.
Cooling economies, along with shifts in weather patterns causing colder and longer winters have combined to tempt global property buyers into looking to the tropics, and savvy investors have focused in on islands like Phuket, Samui and Bali as prime locations to purchase a second home.
Koh Samui is Thailand’s third largest island and ha shade leaps and bounds in terms of construction quality, infrastructure and services. Such positive changes have elevated the island’s status on the global stage, which in turn has attracted a wider array of visiting nationalities, along with higher expectations for higher standards.
Short-term and long-term vacationers, as well as those planning to retire or use properties as investments are increasingly seeing Koh Samui as an attractive option. In late 2013, Thailand’s central bank cut benchmark interest rates, boosting the country’s developers and the last two years have also seen a significant rise in the number villas and top-tier community developments reaching completion on Koh Samui.
As international buyers seek out the best deals, many turn to the more experienced real estate agents like Horizon Homes, also a long-respected developer and property management specialist, to solve their needs. Such expertise is essential when negotiating a land lease or property sale to ensure proper due diligence results in a fair deals and healthy profits.
Agencies with well honed skills and knowledge of regulations can guide property buyers towards the smarts investment based on their intended use of the properties, whether its for lifestyle or pure financial rewards.