Land plots in Thailand

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Land plots for sale in Thailand

Thailand is one of the most visited countries in Asia with world-class tourism industry and affordable prices. Developed infrastructure and natural beauty have made it a magnet for travelers, migrants, and investors. The number of entrepreneurs willing to invest in land in Thailand is growing rapidly. By reselling or renting out the purchased property, they quickly get back the funds spent and begin to receive a stable income.

Investing in property in Thailand is a profitable strategy that requires a responsible approach. To save money from unnecessary losses, you need to familiarize yourself with the nuances of the law on land ownership in the country.

Land prices in Thailand

The  land prices in Thailand is influenced by many factors including location and size. Here are some examples of average Thai property prices:

  • A plot on Kamala beach with an area of ​​2,444 sq m – USD 2,421,000;
  • A plot on Koh Samui beach with an area of ​​16,250 sq m with a sea view – USD 5,596,000;
  • A plot on Karon Beach with an area of ​​6,086 sq m overlooking the sea – USD 3,518,000.

The best land plots for sale in Thailand (with prices in rubles, euros, and dollars) are regularly published in the website’s catalog.

Buy land in Thailand for investment

According to the law, citizens of other countries cannot buy land in Thailand for investment and construction. However, the government still encourages foreign entrepreneurs to invest in local real estate. Investors are provided with the following options to circumvent such restrictions:

  1. The easiest way is to conclude a long-term lease agreement. A foreigner cannot buy a plot of land but can apply to the Land Department for a lease agreement for 30 years. At the end of the selected period, the contract can be extended.
  2. Also, an entrepreneur can create a limited liability company. An organization registered in the country can own real estate on behalf of a foreigner.
  3. Technically, the law allows foreigners to own land in Thailand if they invest at least THB 30,000,000 (about USD 1,000,000) in it. This requires special permission but in practice, only a few receive it.

Tip for foreign investors: the best way to buy land as a foreigner is to use the services of a trusted real estate agency in Thailand.

We will help you buy land in Thailand

Long-term land leasing of houses in Thailand is a common practice among savvy Asian property investors. To select a site that meets all quality standards, contact our company’s qualified specialists.