Koh Samui property agents and developers are holding their breath with concern as the sector is once more being stripped of the first year signs of recovery. This has happened quickly as a result of rising concern over the unstable political situation making buyer hold off on significant property purchases.
The first months saw amount returning to Koh Samui, and our own little agency saw a few of sales from the 5 – 10m Baht price bracket, and some speculative investments in low-cost condominium solutions.
Thailand Property that the buyers were on the lookout for great deals and prices paid were in a most reasonable amount, meaning that earnings yields from leases would outstrip bank interest rates at a slow walking pace.
Attitudes of the vendors were resigned to selling to create back capital and money resources. It’s a fantastic time to buy in Thailand and especially Koh Samui where there are deals to be found for the wise investor searching for a medium term (2 – 5 year) capital expansion and short-term income from home rental.
That which we sold this season characterizes the current market, where the buyers are firmly in charge. Sellers are still eager to drop prices to secure a sale. Condominium developers can also be holding or ignoring certain products to stimulate the market to maintain bank lending to a minimum.