With an area of 228.7 million tourists per year. The origin of the island name is a bit of a mystery. As a result, beach front property is known for having some of the most sought-after real estate in the nation. The island had no modern roads until the early 1970’s. The 15 kilometer trek from one end of the island to the other would take as much as an entire day crossing densely forested mountains that make up the inner regions of the island. Owning your own beachfront condo may be much more accessible than you may realize. These condos are typically smaller in overall square meters. Not necessarily intended for family use. That said, when viewing these condos under the term “low-end,” it should not be considered a disparaging term. Many of these condos are furnished with modern appliances and comforts. They are simply at the lower end of the price scale because they are usually studios or smaller 1 bedroom units and not situated directly on the beachfront, yet many may still be a simple walk to the shore and even modern enough to use as a home or a rental unit.

They can not simply name their price to a captive audience, so to speak, but rather they must make an attractive offer to entice investors and this spurs excellent rates from time to time. As the project nears completion and funds are expected to come in to bring the project into a profitable margin, the developer will often greatly reduce the rates to stimulate sales. On occasion a developer will overestimate the amount of new investors leaving a surplus of property development. Please click here to find an offer today. This is an area where we can assist you in finding these amazing opportunities. Thailand can be a difficult place for pet owners. Similarly, these traditions also take issue with euthanization programs that would ordinarily manage the high rate of homelessness in the canine population. The result is many view these dogs and cats as a nuisance and not as a friendly family pet.

These off-plan projects are yet to be built or are in the early stages of development. Essential knowledge of these markets is what we aim to arm you with so you may make the best investment decisions. The decisions to invest in new real estate when compared to existing property differ greatly and each have their own appeal. One major advantage to investing in off-plan real estate the property is that it is new. Additionally, the wait for new property from start to finish is also relatively short. Older construction will not have the latest technology in weatherstripping and insulation and can be quite costly over time as the primary electrical expenditure is climate control from the air conditioning system. From breaking ground to completion, one can expect about 2 years. On average, developer pricing is fixed so it is important to be aware of the position of the unit in the project and what features and amenities it has to offer.

These low-end condos can offer remarkable market value for the money, especially for foreigners with price constraints. Many freehold condo developments on the island offer studios or one bedroom units that can sell for under 2 million baht. The two may look identical, but condos and apartments are very different legally. Primarily situated in rustic natural areas, or in the vicinity of the island, bungalows have exploded in the last thirty years. Some are collections of similarly styled houses or villas, in small estate type developments. Newer up-market bungalow projects can be found in areas popular with tourists, offering ocean views with a modern beach hut theme. The leasehold of an apartment is for a maximum of 30 years, with the possibility of renewing the lease 30 years a maximum of two terms totaling 90 years. These developments are typically newer projects and being freehold, are able to be outright owned, meaning there is far less bureaucracy to deal with. These medium-to-high end resort style condominiums are typically priced between 3 million and 15 million baht, depending on location, floor space and amenities.

The developer may also offer rental guarantees for the investor. One can go have the full moon parties beloved by young tourists and backpackers, or sit back and enjoy the peace and quiet of the ocean breeze along the secluded beach like the locals. The steady increase in tourism year after year has stimulated the growth of resorts, bungalows and luxury private villas on the island. Will the property be investment based, or as a primary residence, or perhaps a combination of the two? Condominiums allow for foreign ownership of an individual unit and often provide a sense of community through common areas such as swimming pools, outdoor cooking areas, fitness centers. What type of community are you interested in? Perhaps just as important is, as the old adage says, location location location! Your options are plentiful so it is essential to envision your goals before making a purchase. Some may prefer a more private villa? Click here to book an appointment today and check out our listing to see everything available to you with the most accurate up to day market data on the net.