Investment apartments on Koh Samui
Koh Samui is in the Gulf of Thailand, in the southern part of the Kingdom of Thailand. It’s the second-largest island after Phuket. Koh Samui resort is famous for its pristine nature and clean beaches, while its well-developed infrastructure has everything you need for a comfortable life. Foreigners can purchase apartments here for family holidays or as an investment. Real estate in Thailand is affordable and can be purchased at a bargain price. Flats on Koh Samui are located on the coastline, as the central part of the island is covered with jungle. Low-rise housing is prevalent on the island. Here, you can not only buy an apartment but also a house.
Apartments’ prices on Koh Samui
The cost of apartments in Koh Samui is significantly lower than in other resort cities in Europe. These are the average prices for apartments in Thailand on Koh Samui:
- apartments ‒ $225,000;
- penthouses ‒ $500,000 or more;
- villas ‒ from $300,000 to several million US dollars, depending on the area and number of rooms.
The demand for apartments on Koh Samui for investment and permanent residence is high and the supply low due to the limited area, so prices for flats for sale on Koh Samui can increase quite a lot here.
Apartments for sale on Koh Samui
There are restrictions on foreigners’ rights to own property. According to the law, foreigners cannot purchase a flat or an apartment with full ownership (freehold), but they can lease a plot of land (leasehold). This takes nothing away from the quality of life, as these lease agreements are concluded for 30 years with an extension of up to 90 years. The owner can also use the house or villa at their discretion. People who prefer to invest in an apartment on Koh Samui, purchase freehold real estate. A foreign citizen can obtain a residence permit by investing in real estate or in the country's economy. Citizenship is granted after residing in the Kingdom for several years. Domestic law does not provide for citizenship when buying real estate.
Buy an apartment on Koh Samui, Thailand
The island development began with tourism development, so the buildings are modern and original. Most of the buildings are located on the coast. Low-rise condominiums consist of apartments in new buildings in Thailand. Foreign nationals can buy flats on Koh Samui in a residential complex if Thai residents own 51% of the complex. Foreigners can find real estate both for permanent residence and as an investment.
Buying an apartment on Koh Samui, Thailand
Thailand-Real.Estate will help a foreigner to buy an apartment on Koh Samui. The site contains offers from developers and local real estate agencies. The catalog has a convenient search system. Filters are available by region, type of real estate, and cost: you can find the cost of an apartment on Koh Samui and prices in euros and dollars.