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Demand and Supply factors for the Koh Samui property market 2013

Property demand in Koh Samui

Taking a look at the value of purchasing property on Koh Samui, there are surely some great investment opportunities.

Supply of properties:

The property market is not mature. The last 5 years have seen patchy growth. More price growth recently as smaller developers have successfully sold out phases of their current developments, these include but not exclusively Aqua Samui (Phase 1) and Unique (CD&P) (Phase II). These few small property development businesses are thriving. There are not many developers to choose from, and so the handful of experienced ones are doing well.

Demand driven by buyers:

For buyer, investors and speculators, prices are very affordable across the whole spectrum of the property market on Koh Samui. The prospects for property investment look good for the foreseeable future.

Samui property demand - supply

Pushing the house up the hill

Combining with flows of foreign nationals coming to find out about the impressive lifestyle and relative low cost of living. Such matters as eating out, a cup of Starbucks coffee, or a simple loaf of bread are all far more affordable than in their respective homelands.

There are already enclaves of French in Bophut’s Fisherman Village, Bangrak mostly Englishmen, Maenam has German and Austrian, with Scandinavians in Chaweng and Chaweng Noi. Just a generalisation but you can see the characteristics of businesses and restaurants in these areas. So this evidence will lead to other nationals feeling safer and more willing to invest.

French television are promoting Thailand, there have been some great exposure for Koh Samui especially in France. Property sales to Europeans, especially the French have been good in 2013. This has also been due to higher costs in their own countries. Specifically French property investors are looking for retirement homes away from higher taxes. Buy now while prices are on the up curve.

Demand driven by the local environment:

Even though Koh Samui is more expensive than some areas in Thailand, it does carry with it more magical appeal. It is truly an island with tropical beaches and a diverse range of districts around its coastline. This has lead to even more interest over the last 2 years.

Predictions for 2014 – 2015:

On this basis I am predicting shortages of premium quality houses as available land is gobbled up and shortages in beach land become apparent. This will drive up beach land, ocean frontage, and prime hillside sea view land and with it property new build prices will increase.