Wholesale Properties

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Koh Samui Property And A View On Recent Activity

For Koh Samui property, six months ago their were more Bargain Properties for sale but now there are fewer. Brokers of villas and land are saying that the housing prices have bottomed out and you will find now fewer properties to uncover at a really low price. With sellers adjusting their home values in response to a strengthening Thai Baht, they can reduce prices by 35% and can still break even in hard currency. An example in 2006 Sterling was at a rate around seventy two Thai Baht to the GBP and now its is forty eight. A person that bought a condo unit for 48,000 GBP (3,500,000 Thai baht) in 2006 can afford to reduce the price tag by 35% to 2,275,000 Thai Baht and recover the same 48,000 GBP.

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