Investing in Land for Sale in Phuket
Phuket offers a tranquil lifestyle within a tropical environment, a good number and range of leisure activities and amenities including golf courses, water sports activities such as diving, and a wide variety of dining and entertainment options.
The island’s most developed beach areas are in Patong, Kata and Karon. Good beaches are also found around its coastline, these include Kamala, Surin, Bangtao, Layan, Naithon and Mai Khao, and can almost be perfectly categorized in ways that there is a perfect beach for every type of traveler.
Land for Sale in Phuket: Pricing
The price of land for sale in Phuket needs to be weighted according to its location, views, and the degree and quality of land. You will need to get a feel for the market and how to determine what a reasonable price per square wah/rai you are willing to pay for your piece of land based on your needs and requirements in addition to your purpose of buying.
Land for sale in Phuket nearby popular vacation areas are often quite expensive. Location always determines price, and this will directly affect how much land you can afford to purchase. If you want to buy land in Phuket at a lower price, you may want to consider purchasing property 20 to 30 minutes away from tourist destinations.
Land for Sale in Phuket: What You Should Know Before Investing
Land for sale in Phuket are in areas with different zoning regulations & restrictions. It is very important to make sure you understand local zoning ordinance such as what land uses are permitted or prohibited on any given property for you to decide which parcel of land for sale in Phuket as well as whether it’s zoning or other regulations concerning use of such land will meet your requirements.
In addition to the complexity of the sales process where each step includes multiple tasks within it that need to be completed in order to move to the next one such as determining what legal documents and land title deed will be needed. Most of the land for sale in Phuket either have direct access through a public road or servitude road which should be registered and properly documented in the Land Department.
As prime land for sale in Phuket become harder to acquire, CBRE believe that locations like Natai, Bo Dan and Tai Muang will be more attractive for developers, investors and buyers looking for land for sale in Phuket due to their nearness to the airport and less busy environments, especially as the east coast of Phuket is still not yet that developed. The quality of the beach is also not that great compared to the west coast but you will benefit from easy access to the beautiful Phang Nga Bay and its appeal to investors who need to be near the airport as well as to live in a more tranquil, relaxed and less touristy location. It is also particularly ideal for investors who like to golf and go boating. Some land for sale in Phuket especially those located in the east coast show potential for further growth but it will take at least a few more years from now.
Therefore, an investor should, before making any big-ticket decision such as purchasing land for sale in Phuket, define what their exact purpose of buying and requirements are. This includes examining a handful of characteristics that are most critical to their needs. To get at what it takes to prepare for such high-stakes decisions, please consult with a professional advisor to select the right piece of land which best match your requirements.