Isan & Outer Provinces - Land Prices

[PETERTHEEATER]

Hello rural dwellers.

Many of you (most?) are married to Thai ladies, which is why you live in Isaan and the outer provinces. In a number of cases your wife will have purchased land plots with your financial assistance. Such plots will be in her name and, as her legal farang husband, you will have signed a document at the local Land Office during transfer of the land deed, to indicate that the money used to buy the land is hers and, effectively, you have no further claim to it. So be it.

Now, as time passes you will surely expect the value of the land to increase. How would you determine what that land is now worth? Unlike western lands, there seems to be no national database available to the general public, which would indicate property value and land value.

The puyaibahn usually knows the re-sale value of land because he is involved in the sale process. The local Land Office has a notional ‘value’ on which to base the government tax but, in the end it is the price agreed between the seller and buyer that determines the tax due.

If you (she) wants to sell how do you (she) determine what is a fair asking price?

[MikeRay]

In my wifes village in Sa Keao it´s 50.000 Baht/Rai for farmland.

Purchased 20 years ago for 10.000 Baht/Rai.That´s all I know.

[Bilko]

I think the price is what someone is willing to pay for it.

I have known some farangs pay very high prices in certain areas, just cos it was near the family home of his wife, and as nobody was too bothered about selling land, they put a very high price and he accepted.

I would advise anybody thinking about paying for land and a house in Isaan to be very sure that they can actually live there for long periods of time, cos once you have built your wonderful Farang style house in the middle of a rice farm, there is no way on Earth you are ever gonna be able to sell it to anybody.

In an area with a lot of farangs maybe, but in the middle of Nakhon Nowhere, not a chance.

It don't matter if you have a clause in the lease where you lease the land for 30 years or if you have it in a company name, who is gonna buy a 2 - 3 million baht home in the middle of a rice field in the middle of nowhere?

[jayenram]

cos once you have built your wonderful Farang style house in the middle of a rice farm, there is no way on Earth you are ever gonna be able to sell it to anybody.

<{POST_SNAPBACK}>

Excellent point Bilko. One worth remembering by lovestruck farangs.

[aletta]

Never a truer word.