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- By Suchi Thomson
- Published Thursday 19th 2009
- Vacation Homes Articles
- Unrated
- Article Views 831
Koh Samui, the thriving tourist destination
of
People of non-Thai origin are debarred from owning a bungalow, villa or real estate at Koh Samui according to the directives of Thai Law. However, you will have a bunch of relaxations if you are an investor and willing to invest 40 million Thai baht (approximately 0.9 million Euro). This investment will make you eligible to buy luxurious Koh Samui Bungalows and villas at an average price of 7000 Euros per 100 square metres.
When you can not afford to invest this amount in Thai economy, getting a real estate on rent becomes a suitable option. There are no legal hassles as far as real estates on rent basis are concerned. You can hire a property for a longer duration on rent basis. There are several benefits of buying or hiring a property on rent at Koh Samui. Some of them are.
- Number of visitors at Koh Samui increased from 937,763 in 2004 to 1,030,623 in 2006. According to industry experts the number is all set to touch 1.5 million per year mark by 2009. A sizable proportion of this whooping number comes from the Euro zone. Hence, owning a real estate at Koh Samui is definitely a lucrative investing option.
- Compared to tourist destinations of similar status, real estate price at Koh Samui is at lower level. The price structure is shifting towards the higher end with passage of time. It can offer you a higher return on investment when you sell or sublet the property.
- A home at Koh Samui is definitely a retreat destination for your whole family. And, owning it through purchase or rent, this precious belonging is with you for a longer period of time.
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Suchi is a freelance writer for travel magazines and websites on the topics like favorite tourist destinations, Luxury Villas, Resorts and Travel Tips. She is an avid traveler and has keen interest in Asian destinations.
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