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Thailand consistently ranks in the top 10 best countries to retire across various international lists. Hundreds of thousands of people from different countries have made this their home after retirement; so have freelance workers, people raising a family, establishing a business locally, or seasonal ex-pats that stay for extended travel periods.
There is a vibrant digital nomad community in all of the country's most popular destinations, like Koh Phangan, Phuket, Bangkok, and Chiang Mai. In addition, many foreigners find Thailand the ideal location for a workation.
Koh Phangan is growing in popularity as the perfect place to call home base. As such, many people buy real estate here even if they do not stay year-round. It is such a wonderful place that when you leave, all you can do is think about when you'll return! So, it's nice to know you have a home that suits you and your lifestyle preferences waiting for you every time you come back.
Other reasons people buy property on Koh Phangan include staying here year-round as a retiree or having a Thai spouse. (You can get married to a non-Thai partner here too.) However, it is also a good option for those looking to make money by investing in Thailand property - you can collect a rental income. There are so many advantages to owning property on Koh Phangan. Let's explore the subject further.
Foreign buyers of Thai real estate have a great time 'laying down roots' and building a personal connection to their new home.
Having one's own home brings a greater sense of stability and belonging. With a rental, your living situation is less secure because the landlord could sell or relocate at any time, forcing you to look for a new place to live.
When you own the property, you are in charge of how it looks and its maintenance. So, the choice is yours if you want to hang a painting, put in a new kitchen, or do major remodelling. Rentals, on the other hand, usually have permission requirements.
In general, homeowners take more pleasure in their homes than renters do; they are more likely to take pride in the upkeep of their investment(s). However, Thailand's tropical environment may require more care than other climates. Therefore, you may want to hire professionals if you do not enjoy the challenge of doing it yourself.
The property is an investment regardless of whether or not you intend to live there permanently. You can rent it out and sell it when the time is right.
Although it is known as a party island, those who come here realize it can also be the opposite. There is a massive community of health fanatics and bodybuilders; there are many healing centres, yoga and meditation classes and retreats, and more.
If you are vegan or vegetarian, there are more vegan restaurants here than I've seen in any other city, and I travel a lot. In addition, there are several gyms across the island, even one that offers CrossFit with a fantastic coach. So, if you're not into the party scene, there is plenty to do otherwise, and you can easily live here entirely oblivious of the events going on.
If you like a peaceful, laid-back vibe that's still energized by a big community of ex-pats, lovely Thai people, delicious restaurants, and enough action in some parts to keep you from getting bored, then look no further than Koh Phangan. It is also one of the safest places in the world.
In fact, couples are increasingly choosing this island as a place to start a family. It is a very family-friendly place with activities for children, nurseries and international schools that teaches in English or the option to homeschool, and there are many kids. It is an exciting place to raise a child because they will be socializing with other kids their age from all over the world. So naturally, buying real estate is preferable if you have a family.
Koh Phangan is also a haven for nature lovers. Much of the island is untouched jungle, protected as a natural reserve, with waterfalls and hiking trails throughout. If beaches are more your thing, every beach is unique and stunning! Sunrises and sunsets here are unreal. There are real estate options in both environments. Imagine you can have a house on a mountain of a tropical paradise, surrounded by greenery with views of the sea.
You can buy a secluded villa, far from neighbours, for quiet and privacy, or a house in a neighbourhood if you like more daily social interaction. There are properties of all sizes for sale, too, from studio-sized bungalows to mansion-sized villas.
You can even buy land and build your home exactly how you want it. There are several architecture and construction companies on Koh Phangan. More luxury villas are being built now than ever before.
Buying or building luxury real estate is relatively affordable compared to other parts of the world. You'd be surprised how nice of a place you can get for your money. Furthermore, prices will go up as more individuals invest in apartments, houses, and villas in the area. This makes Koh Phangan one of Thailand's most attractive property markets for foreign investors.
To get started with the process of buying property or land on Koh Phangan, you will need to consult a property lawyer. Thai property law is complex, but an experienced Thai attorney who handles such matters daily will help you with whatever you want and ensure the process runs smoothly. Foreigners cannot fully own property in Thailand according to the country's Land Code; they can only hold up to 49%, and a Thai has to own the rest. However, there are a few exceptions, and the lawyer understands them thoroughly.
You can read this article for more information about buying property (click here).
" " for more information about renting or buying land (click here).
" " for more information about building property on rented or bought land (click here).
" " for a general guide about real estate in Koh Phangan (click here).