Investment Property in Koh Phangan - Thailand
Koh Phangan Real Estate
Thailand’s Koh Phangan island is the most immature of the emerging Thailand markets. You may be wondering: how can an island be an emerging market, as if independent of the mainland? because that is exactly what it is:
Thailand’s economic expansion is almost entirely fuelled by the spectacular growth in its tourism market. The properties seeing the best benefits from this boom are resort properties especially on Thailand’s lush and tourist attracting islands.
The islands make for a shrewd property investment because they are only recently seeing property development, and the new five star resorts and amenities thereof are virtually marketing themselves and bringing in tourists in their thousands. Their previously under-developed state means property prices are lower than in emerged areas and mature markets within Thailand like Bangkok and Phuket, and living and therefore holiday costs are lower.
Using Bangkok and Phuket as a guide, and having watched prices there triple and quadruple in the past 4 years, gives you an idea of how the markets like Koh Phangan will perform in the coming years -- especially as you watch the same expansion patterns in the early months of its emergence.
The rising stars in proximity to Koh Phangan is a benefit and a drawback, as the models are so similar that prices on Koh Phangan have started higher as a result of people virtually being able to guarantee that they would rise rapidly anyway.
Because of this living costs and other economic factors like wages and employment in Koh Pagan have fallen out of sink with property prices, and this is where Koh Phangan gets an added benefit from prices starting higher.
Sharing beauty and tourist attracting qualities with Thailand’s established popular tourism areas, but with lower living and holiday costs than all the rests means tourism to Koh Phangan is likely to rise even more rapidly than the other popular tourism areas in Thailand. Rental yields will rise and be extremely high in line with that, and capital appreciation will see the same spectacular figures enjoyed by all Thailand’s emerging markets.
Featured Property in Koh Phangan
Wok Tum Residence
Koh Phangan is the least mature Thai island and so prices are lower than Koh Samui, but the island has all the same qualities as Koh Samui and Phuket, so it is safe to use their success as a model for how Koh Phangan property will perform over the next few years. The Wok Tum residence consists of 2 bedroom resort villas, prices start from £123,000. The development sits on a hillside and views are spectacular out over Hing Kong bay...
£123,000 - £138,000
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