About Villa investment in Koh Phangan Thailand
Villa investment in Koh Phangan Thailand
Koh Phangan is an island in Thailand, covered in green, unspoiled jungle land. Many travelers who visit the island as backpackers in their earlier years come back later with their families to make the island their home. The island caters to all tastes and budgets. Purchasers have a wide variety of options to choose from bare land to luxury villas already constructed.
Thailand is fast becoming a high-demand relocation area for expats and it’s not difficult to see why. It’s tropical climate, delicious native cuisine and its breathtaking views are unmatched. There are currently more than 40,000 UK expats living in Thailand.
If you are looking for a villa to invest in Koh Phangan, the options are wide. Do you want a villa directly overlooking the beach or one that has an amazing view of the hill?. A luxury villa can set you back ฿4,000,000 to ฿29,000,000 depending on the location of the villa, and its specifications.
Relocating to Thailand
Before running off to live in your beautiful new villa, there are laws regarding expats and property that you should be aware of. Unfortunately, the government does not allow expats to own land in Thailand. Even if you have a Thai spouse, legally, if you buy land or a house, it shall be under their name and you will have to sign a document relinquishing your claim over the property. However, long-term leases of 30 years are available, renewable up to three times.
However, do not be put off by this as other expats will tell you that the move is the best thing you could do. Also, if you are not planning on staying there permanently, you can still get a good return on investment or good rental income on your property.