This article on Samui appears in the Dot Property Group Report: How Has COVID-19 Impacted the Thailand Property Market? Click here to download your FREE copy.
Key Stats
- Demand of 5+ bedroom houses and villas as well as ones priced at more THB30 million fell during COVID-19
- There was a 28.9% rise in demand for THB5 million and less villas and houses during the same stretch
- Overseas interest in Samui real estate rose by 20.9% in April 2020 to March 2021 when compared to the previous 12 months
More than 80 percent of all residential real estate demand in Samui is for houses and villas which is not all that surprising. And while the popular tourist retreat is well known for its ultraluxury villas, the lower end of the market performed remarkably well during the COVID-19 pandemic.
Demand for THB5 million and less villas and houses grew by 28.9 percent between April 2020 to March 2021 when compared to the same time span pre-pandemic. There was also an 8.6 percent increase in enquiries for villas and houses priced at THB5-10 million. At the other end of the market, demand for THB30 million and above housing decreased by 12.3 percent.
More people were after smaller houses and villas during this period. Demand for one- and two-bedroom properties in this segment rose by 23.3 percent while three-bedroom villa and house enquires jumped by 13.4 percent.
Overseas demand for Samui starts to heat up in Q1 2021
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