The recent and on going development of Koh Phangan has inevitably led to growth within the real estate area. Land and property is available in a range of sizes and conditions so whether you are looking to buy portions of beach, land or completed resorts and complex’, it is all possible here. The natural beauty of Koh Phangan has long been attracting tourists, primarily backpackers but with its recent development is now opening up to foreigners looking for long term work and to retire.
Koh phangan is currently known on the backpacker trail as a party island. The full moon party attracts flocks of tourists excited about the all night parties and the tourism has been great for the economy of the island. Coconut and fish farming is still a large part of island life here, but now Koh Phangan relies largely on tourism. Neighbouring island Koh Samui is by far the more developed of the two but Koh Phangan has the advantage when it comes to buying real estate, as the prices are far more affordable. Additionally Koh Phangan has managed to maintain a good balance of the natural beauty of island life combined with some modern amenities and services that make life a little more comfortable. Some such developments include the opening of a Tesco supermarket and the increase in restaurants offering international cuisines. Despite this westernisation the local Thai people continue to make a conscious effort in order to maintain their traditions and culture and therefore lifestyle on the island still has a distinctively Thai feel.
Whether you are looking to buy or to rent, you will find the prices on Koh Phangan to be considerably cheaper than other nearby islands. An increasing number of foreigners are choosing to invest on the Koh Phangan and make it either their second or permanent home. For those intending to buy real estate, there are a number of laws regarding ownership and any foreigner will require the services of a reputable law firm or property agency. It can also be advantageous to use a property agency when renting a property such as a villa, especially when booking from overseas. Prices can vary dramatically depending on a number of factors including exact location and the size of the property. Naturally a beachfront location with direct access will be more expensive than something smaller and further inland. Ultimately whatever you are looking for from a tropical island experience, you are sure to find it on Koh Phangan.
Koh phangan is currently known on the backpacker trail as a party island. The full moon party attracts flocks of tourists excited about the all night parties and the tourism has been great for the economy of the island. Coconut and fish farming is still a large part of island life here, but now Koh Phangan relies largely on tourism. Neighbouring island Koh Samui is by far the more developed of the two but Koh Phangan has the advantage when it comes to buying real estate, as the prices are far more affordable. Additionally Koh Phangan has managed to maintain a good balance of the natural beauty of island life combined with some modern amenities and services that make life a little more comfortable. Some such developments include the opening of a Tesco supermarket and the increase in restaurants offering international cuisines. Despite this westernisation the local Thai people continue to make a conscious effort in order to maintain their traditions and culture and therefore lifestyle on the island still has a distinctively Thai feel.
Whether you are looking to buy or to rent, you will find the prices on Koh Phangan to be considerably cheaper than other nearby islands. An increasing number of foreigners are choosing to invest on the Koh Phangan and make it either their second or permanent home. For those intending to buy real estate, there are a number of laws regarding ownership and any foreigner will require the services of a reputable law firm or property agency. It can also be advantageous to use a property agency when renting a property such as a villa, especially when booking from overseas. Prices can vary dramatically depending on a number of factors including exact location and the size of the property. Naturally a beachfront location with direct access will be more expensive than something smaller and further inland. Ultimately whatever you are looking for from a tropical island experience, you are sure to find it on Koh Phangan.
