Investing in Samui Property for Rent Opportunities
One of the most powerful drivers of the market, when it comes to Koh Samui property for rent, is the popularity of the island as one of the most sought-after tourist destinations, not only in Southeast Asia but globally. Samui’s long been considered one of the finest examples of why visitors fall in love with Thailand and come back time and again. With demand for holiday rentals high, there’s a healthy market created by those tourists who’d rather stay in a privately rented-out condo or in their own vacation villa.
From wanting to take advantage of self-catering facilities such as a full-kitchen, to enjoying greater privacy, there are a many reasons why a lot of tourists want to rent-out accommodation that is individually owned rather than stay in a hotel. With this demand comes opportunity for property investors.
Aside from the tourism market, the island also attracts inhabitants who aren’t native to Samui but whom want to settle here from other parts of Thailand or from abroad. The island’s truly dynamic, with tour companies, dive and watersport businesses along with cafes, bars and restaurants. The owners and workers also need somewhere to live and this adds to the rental market too.
The old-fashioned view of Thailand’s island destinations is of being backpacker-focused. This is no longer the case. In fact, Samui in particular is home to some of the most incredible luxury villas, many of which are available to rent for a holiday. Being able to access these upscale holiday lets is important for discerning travelers too, who want to be able to choose between one incredible villa or the next, rather than having to plough through many options that don’t appeal.
If you’re considering this high-end rental market, for tourists with deeper pockets, then it pays to get some idea of what this market’s expectations are. What do they expect in terms of services, facilities and design? This can direct you to properties within the real estate sector that would be a good fit with this market, attracting a higher rate and creating healthier returns on investment.
There’s so much scope for investors, as well as those seeking a luxurious holiday stay, and if you add in the gorgeous beaches and marvelous year-round sunshine Koh Samui starts to look like a top investment destination. What you need to do next is formulate what your market is and take aim.