Tag: Ko Samui

Renting Out Property on Airbnb in Thailand: The Definitive Guide

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If you own a property in Thailand or plan to buy one, Airbnb can be a great option to earn additional income. With more than 35 million arrivals in 2017, Thailand was among the top ten visited countries, which means that there’s a high demand for short term rentals.

Airbnb provides a perfect solution to the high demand, something that Thai hotels have (negatively) experienced. In 2017, there were around 40,000 Thai properties listed on Airbnb.

However, before you take the step and start renting out your property on Airbnb, you should know that there are some legal limitations to it as well. In this article, I explain everything you need to know when renting out property on Airbnb in Thailand.

Is Airbnb illegal in Thailand?

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Top 6 Places to Buy Real Estate in Thailand: A Foreigner’s Guide

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Thailand is one of the most popular countries when foreigners and expats look for overseas properties in Asia. With millions of tourist arrivals a year, it’s also one of my top choices.

Thailand has a number of choices to choose between, with everything from Chiang Mai, a cultural center listed as a UNESCO heritage, to the bustling nightlife in Bangkok, and white beaches in Phuket.

In this article, I list some of the best places to buy real estate in Thailand.

1. Bangkok

Bangkok

Bangkok is one of the most developed cities and the commercial center in Thailand, making it a top destination for foreign property buyers. Statistics show that around 3 million foreigners live in Thailand, where the biggest part stays in Bangkok.

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Koh Samui Property Market Outlook: By Conrad Properties Co.

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Koh Samui is one of the most popular destinations for foreign travelers and property buyers alike in Thailand. It’s a great substitute if you want to avoid the hustle and bustle in Bangkok, enjoy the white beaches, mountainous rainforests, and thrive in a community with many foreigners. You’ll be able to find everything from low-priced properties to high-end luxury resorts on this cozy and romantic island.

Before buying a property, it’s important that you get investment advice. Not only buying at the right time, but also the right type of property is crucial to maximize yields and capital appreciations.

Conrad Properties Co. is an established real estate agency on Koh Samui, it was founded by Conrad Krawczyk who has over 10 years of experience working in real estate in Asia. The company has helped many foreigners to buy property on Koh Samui, and always put their clients needs first.

In this article, Conrad shares fruitful information about the property market in Koh Samui, his own projection on the coming years, what kind of property that is in demand, and more. Let’s see what he has to say.

How’s the property market in Koh Samui at the moment?

The future of the market looks positive for the long-term. Short-term capital appreciation is still possible, but not to the extent of the ‘property boom’ prior to the global economic recession, however healthy long-term capital gains over 5 years are realistic. High short-term rental yields of 10-20% NET returns are possible with the right properties, in the right locations and with the right marketing.

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Top Property Management Companies in Thailand: A Complete Guide

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You’ve finally bought that property in Thailand, but realize that you won’t be able to maintain it. You simply don’t have the time or live in another country.

Don’t worry. You have a number of property management companies that can do the job for you.

In this article, I present some of the biggest and most popular property management companies in:

  • Bangkok
  • Phuket
  • Pattaya
  • Koh Samui

Bangkok

Below I’ve listed property management companies located in Bangkok.

1. CBRE

CBRE Group, Inc. is a global property management company based in the US. The head office of the company is located in Los Angeles and it’s the biggest publicly traded commercial property management company in the world. CBRE has more than 70,000 employees and 400 offices in different cities, which speak for itself.

CBRE (Thailand) Co., Ltd. established in 1998 when it opened its first Bangkok office, being the first international property management company to operate in Thailand.

Since then, they’ve managed to expand to Phuket and currently have around 800 employees in both cities. So who’s running CBRE Thailand?

Aliwassa Pathnadabutr has worked as the managing director since 2005. She’s a graduate of Kent State University and has worked with some of the leading Thai real estate developers in the past two decades.

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Top Real Estate Agencies in Koh Samui: A Complete Guide

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With it breathtaking nature, Koh Samui is one of the most visited islands in Thailand. Some people even decide to relocate here, thanks to the high quality of life offered.

As Koh Samui has attracted increasingly more foreigners over the years, you can find many reputable and foreign owned real estate agencies here.

This is beneficial, as they understand what regulations you need to cope with as a foreigner. You’ll also reduce a lot of hurdles with communication issues as you speak the same language.

In this article, I present some of the best and most popular agents in Koh Samui.

1. Koh Samui Properties

Koh Samui Properties established almost two decades ago and is one of the biggest and oldest real estate agencies in Koh Samui. What makes them unique is their diverse and multilingual team, which mostly consists of expatriates.

The agency is headed by Harry B. Bonning, who is an expatriate and a British national working in Thailand. He has 40 years of experience in real estate and is a qualified Chartered Surveyor. Harry has lived in Thailand since 2001 and has a deep knowledge of the local real estate market and its regulations.

Before moving to Thailand, Harry worked as a General Manager of the Emirates Property Investment Company in the UAE.

Property types

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Buying Property in Koh Samui: The Ultimate Guide

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Koh Samui is popular among foreigners who wish to settle down in Thailand, or just stay there for a couple of weeks, recharging their batteries from the hustle and bustle back home.

I have a number of friends and old colleagues who have Koh Samui as their first choice when choosing among different resort islands in Asia. I’m not surprised.

Today, I will explain some of the basics you need to know when buying property in Koh Samui: About the market, local property regulations you probably haven’t heard of, and more.

Koh Samui property market

Being the second largest island in Thailand, Koh Samui is more relaxed and with a market that is less mature than Phuket’s.

You should also keep in mind that there are some differences in regulations when buying property in Koh Samui compared to other places, something I will explain more about in this article.

Famous for attracting foreigners to buy a plot of land to build a house in the past, it’s becoming increasingly popular to buy condos and off-plan – simply letting someone else doing the work for you.

Even if condos become increasingly popular, buying a house has been and is a preferred choice.

So who buys property in Koh Samui?

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ABC’s for Property Buyers in Koh Samui: By Harry Bonning

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Koh Samui is one of the most popular islands when foreigners decide to visit or relocating to Thailand.

With a population of almost 65,000 people, it’s still fairly big for being just that, an island. Just making a comparison, in Hua Hin (which is a city 2-3 hours away from Bangkok) you have 85,000 and in Phi Phi Islands 2,500.

Previously relying on fishing and agriculture, exporting many coconuts, the tourism industry has taken over since the 80’s.

In this interview, Harry Bonning from Koh Samui Properties tell us a bit more about Koh Samui’s property market and other useful information. The Real Estate agency is one of the most reputable and has helped many foreigners to buy property in Koh Samui.

Harry has been on the ground for years and provide fruitful advice if you plan to buy property in Koh Samui.

Harry, thanks for having you here. Can you please tell us about your background and current business in Koh Samui?

I have been a Chartered Surveyor since I qualified in the UK in 1974 and have worked in the UK, Germany and Abu Dhabi with responsibility for a large portfolio of property in the USA, owned by a Sovereign Wealth Fund.

I have also worked subsequently as General Manager of a portfolio of properties owned by one of the local families before moving to Thailand in 1999.

I saw an opportunity in 2000 for a professional real estate agency in Koh Samui and for the first seven years we were extremely successful. The economic crash of 2007/8 brought the market to a standstill for a time and we reduced our staffing accordingly to correspond to the reduced demand.

In Phuket, the property market relies heavily on foreigners and prices aren’t predicted to increase significantly in the coming years. How has Koh Samui’s real estate market performed and what’s your view on the coming years?

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