Can foreign nationals buy property in Koh Samui?

Foreign nationals can buy property in Koh Samui, choosing either freehold or leasehold as the form of ownership. Koh Samui condominium apartments can be freehold (fully owned), provided that foreign nationals own no more than 49% of the area in this condominium, or leasehold (rented for long terms). When interested in buying property , the foreign investor has two options: having a home on leasehold for 30 years (the term can be renewed twice) or purchasing the property through a limited company.

Can foreign nationals own real estate in Koh Samui?

Leasehold property in Koh Samui can be sold or leased. Foreign nationals are not allowed to own land in Thailand by law but can own property built on the land plot. One only has to apply for a construction permit to build a house in one’s own name.

What is the average cost of property in Koh Samui?

The cost of property in Koh Samui ranges from $78,000 to $6,000,000. The average price per square meter in Koh Samui — $2 650. Now we have 87 offers of property in Koh Samui.

What are the most popular locations in Koh Samui?

The most popular tourism area of Koh Samui is Chaweng which is home to the majority of the island's restaurants, entertainment venues and nightlife. Central Festival is the largest shopping mall in Koh Samui. For those looking to escape to a more peaceful retreat, Lamai offers a friendly family environment with beachside bungalows and restaurants where you can spend the day by lounging on the beach. Those who love clubs should think about buying property in the of Lipa Noi beach, where the world-famous Nikki beach club is located and entertainment events are constantly held.

What are the best types of property in Koh Samui?

The following property types are popular in Koh Samui: houses , condos , apartments . Most villas in Koh Samui have spacious rooms and large outdoor areas that feature swimming pools, gardens, and great views. Most condos and penthouses are fully equipped with top-notch facilities, such as shared pools, gyms and round-the clock security. Some Koh Samui apartments and penthouses are hotel managed, have their own spas, tennis courts, and direct beach access.

Why should I invest in Koh Samui property?

The reasons for investing in Koh Samui property are the following: Koh Samui is known to attract thousands of tourists every year. The increased number of visitors in the region has also led to the demand for accommodation property. Koh Samui has a stable political and economic environment and is safe for everyone to live on. Koh Samui is one of the few tourist and investment destinations with a favorable climate for the most part of the year. There is a wide selection of real estate at affordable prices. Property value in Koh Samui is expected to increase significantly in the future. This gives you a reason to start investing in Koh Samui.

Is it possible to earn on residential rentals in Koh Samui?

Real estate in Koh Samui is in great demand among tourists and buyers. With the year-round tourist season you can earn have a great rental income There are many projects with returns of 7–10%. The management company is engaged in full service of the property. You can also use your property as a holiday home for 2–4 weeks a year without losing income.

How long can I rent my property out in Koh Samui?

Koh Samui has a tourist year-round season. December through March is the high season and the most popular time for the tourists to visit the island. March through May is the hot season on Koh Samui with air temperatures above 35 degrees. June through September is the moderately humid season, it is very warm and sunny and there are lots of fruits and flowering trees. It is the most expensive season in terms of rental prices. October through December is the cheapest season in terms of prices. It is the time of tropical showers.

Can foreigners take out a mortgage to buy property in Koh Samui?

Thai banks do not provide mortgage loans for the purchase of real estate in Koh Samui for non-residents. Moreover, foreign nationals can´t get a bank loan for any purpose.

Can foreigners obtain Thai citizenship through the purchase of real estate in Koh Samui?

Permanent residents can apply for citizenship. Thailand citizenship allows you to buy property in Koh Samui, own any business and apply for any kind of job. You can apply for Thai citizenship: residence in Thailand for at least five years; permanent employment; to be married to a citizen of this country; your baby was born in Thailand. Children born to parents with Thai citizenship automatically get citizenship regardless of where they were born. In order to obtain Thai citizenship, you must renounce your current nationality.