Buying Land in Krabi, Thailand

Krabi

The province of Krabi covers around 4700 square kilometres and stretches from the Phuket Peninsular down the Andaman coast to Trang province. The Province has about 100km of the most amazing coastline in the world and also includes hundreds of Islands, the largest of which is Ko Lanta.

Krabi Town is the capital of the province and is situated close to the coast about midway down the province. The new international airport and Bus station are located on the outskirts of the town.

Tourism within the province is largely restricted to the coastline and the Islands. Within these tourist areas, roads are excellent and services are fully available.

On the mainland, development has been focusing steadily on the old fishing town of Ao Nang and the beaches to the North. The whole of this coastal region is where development is at its highest. Land values do not really have much of a precedent to work on. But generally speaking, the closer you get to the coast, the more expensive the property.

Ao nang town itself is the centre of the mainland tourist scene. This is where about 80% of the tourist catering hotels are located and therefore where the majority of restaurants, tourist shops, and bars are.

Location Location Location

People want to buy land for many different reasons.

to start a business; hotel, restaurant, shop etc

to build a house to rent for large parts of the year

to build a luxury villa to rent on daily or weekly basis

to build a luxury villa to live in full time

to build a budget house to retire to

to build a house to raise a family while working in the area.

Investment

Each of these categories will have different priorities.

Business

Your have to be within reach of your customers, so depending on the type of business you will be looking for land in or near to one of the populated areas or adjoining one of the larger roads. Hotel or guest houses need to be located within perhaps 5 km of a beach.

Luxury Villa for rent

This is where the majority of the development in Krabi is centred. There have only been very few in the past, however, it appears that this number is going to increase exponentially over the next two or three years. It is this category who have the most specific requirements.

  • within reach of the tourist spots
  • ideally will have some sort of view, wither sea view or cliff view
  • need to be close enough to main roads to get high grade utilities (or bring them in very expensively)
  • The value of these requirements means that it is worth spending relatively high amounts of capital for the right location.

For this category it is likely that you will pay between 20 thousand anywhere up to 100,000 pounds for one rai of land.

Luxury Villa to live in.

People in this enviable category have the widest choice as they are not restricted to the land within 2 or 3 km of the tourist spots. Land with amazing views is available at relatively low prices just another 2 or 3 km away and as long as you have transport, then this is perfect.

For this category you can pay as little as 10,000 pounds for one rai.

Budget house to retire in.

Land for this category of buyer has tended to stick quite close to the tourist areas. It really depends on your need or desire to either live close to other expats or for isolation. It seems that the majority of people in this category enjoy a community life and therefore are maybe advised to buy offplan a plot within one of the many small developments that are in the process of construction. The upside of this, is that everything is done for you, the downside is that this is a relatively expensive way to buy a house. Typically you would pay between 80 and 150 thousand pounds for a three bedroom detached house on a 4 to 800 metre square plot of land.

What Makes land valuable

Beachland

A piece of your own beach sounds like an impossible dream but it is possible. Most of the beachland has already been snapped up for resorts and hotels but there are still pockets that are available even in the most sought after areas. The price is high though; on the most popular beaches it can be as much as 20 million baht for a rai (1600 square metres) and perhaps only 20 metres or so of actual beach front. 20 million baht sounds like a huge amount of money, but it equates to approximately 300,000 pounds or 450,000 Euro which, to put it in perspective is about average for a three bedroom semi detached house in London, and whereas London has room for expansion, Krabi’s beachfront does not. This mean that there is no doubt that supply will run out and values will go up.

Your other choice is to look a little further away from the popular tourist resort areas of Ao Nang and Klong Muang and maybe even to one or two of the Islands nearby. Beachland in these areas, although still not cheap, is more affordable, however we advise anyone aiming to buy in these more out of the way locations to really examine their motives first. If you are planning to rent the house out as a holiday home for most of the year then this…



Source by Richard John Moss

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