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Prices for land and houses has risen sharply in recent years and many foreigners choose to lease long term or rent/buy raw land and build their own houses. The island is in the process of applying for city status, which should mean a general improvement in the local infrastructure over the next ten years. Urban city limits are expanding rapidly, thanks to a new network of concentric highways and many house projects are under development. Although targeted at the Thai middle class, they have proven popular with foreigners, particularly those with a Thai spouse to own the land. Others find that a rai of land within the muang (city) district can cost less than 3 million baht and they prefer to take advantage of cheap building costs and an excellent choice of materials suppliers. Samui real estate guide |
