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Saturday, 4 February 2012

Ko Samui Properties January 2012 Blog -- A New Year and New Office

Well as we enter 2012 may I wish you all a very Happy and Prosperous New Year. Another milestone for Ko Samui Properties – at the end of January, the ten year lease on our office comes to an end. Hard to believe we have been here that long and it would be easy to dwell on all the ups and downs we have experienced over that time, but better to move on and not relive the past. The present market conditions do not justify us staying where we are as we no longer need this amount of space. At the moment I am finalising the negotiations on a lease of a property in Bangrak from 1st February and will send out further details of the new location when these are complete. Whilst we have enjoyed our main road position it has become clear that such a prominent location is not necessary as the vast majority of people we do business with are in contact with us before they come to Samui. We rarely do business with people who walk through the door having found us by chance.

What do I see for 2012? Much of the same I suppose, but if you are considering buying this would be the time to move forward. Whilst this may not be the happiest time for sellers it certainly is for buyers and there are some excellent deals around and remember most prices are still negotiable. Last month saw average price reductions of 22% which indicates more and more sellers are adjusting to the realities of the market and presenting great opportunities for new buyers. Real Estate remains a solid asset and should rarely be looked on as a short term investment. We are of course subject to the world economy and certainly this has played a part in the availability of spare funds for second homes. However, there are people who have profited in one way or another during the present crisis and these people are here and looking for deals. Correctly priced properties will sell and we have seen more evidence of that over recent months in all price ranges.

A word of warning – and I really should have known better myself – do not give interviews to local Newspapers. I was asked to do that a few weeks ago and the first point I made was that I would wish to see the draft copy before publication to check for factual errors. This was agreed. The draft was subsequently sent to me and contained numerous errors requiring correction, which I made and returned the amended document. They then printed the original without amendment. I plagiarise their articles all the time, but you have to wonder just how accurate their reports really are. Whilst they are back on line, be aware that many of the reports they are publishing are 3-4 years out of date!

12 comments:

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Koh Samui Luxury Property for Sale said...

Koh samui has beautiful beach and coral reefs. It is famous for low population. Koh samui has its own international air ports.It has a beautiful monsoon of short rainy seasons. It’s a beautiful place to spend holidays with family.

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