Phuket land is measured in Rai, Ngan and Wah. (see our Property Law page) before handing over your money.
There have in the past been many disputes regarding land ownership, (see our Land Titles page) therefore, it is always advisable to check and double check your titles with a good lawyer. When buying land be aware of the costs involved in getting your infrastructure installed, along with site clearance problems and landfill costs, all of which regularly knock a large hole in poorly calculated budgets.Īnother consideration is what you can build and where, as the environmental laws relating to the height of a building in relation to the proximity of the beach and how high on a hillside you can build are stringently enforced, so once again consult a professional. Many friends have made much more than beer money speculating in land and although prices have risen dramatically in the past few years there seems to be no end in site to the continual rise in the value of prime real estate.
In Patong, relatively new buildings are being regularly demolished to make way for bigger and better developments, with the world famous Bangla Road area looking as if it will be soon be seeing the end of an era as the bars and nightclubs make way for smart new hotels. Even land plots with limited views reflect this fact as demand outstrips supply, especially in the popular west coast area.
From a private housing development perspective, virgin land in Phuket is becoming a scarce commodity and with prices continuing to rise at around 20% – 30% per annum it is often more expensive than building the proposed home.
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