1 Rai of land How much is it worth ?

Go to any bank outside the city center and look outside, or sometimes just inside the door, for "for sale postings."
Some are house/land and others are land only. It gives you a ballpark estimate.

We live near an Amphur in Nong Khai and our bank has about two hundred such postings.

Texpat wrote:We live near an Amphur in Nong Khai and our bank has about two hundred such postings.

That's a lot of repossessions for one bank .... business must be booming in Nong Khai

They're not all repossessions.

Texpat wrote:Go to any bank outside the city center and look outside, or sometimes just inside the door, for "for sale postings."
Some are house/land and others are land only. It gives you a ballpark estimate.

We live near an Amphur in Nong Khai and our bank has about two hundred such postings.

Have one major problem.. Im in sweden now...
Can you inform us about the prices you see on the postings?

/Smurf

smurf
take a look at http://www.udonproperty.com/index.php?l ... &Id=354308 for some general ideas of costs.

Some folks have a wonderful knack for dealing property off a desperate Thai's hands.
There are some very good deals to be made if you're patient and savvy. I wish I had the right bait at the right time -- and and a willing fish.
Of course the farang spouse (often the shot-caller) must remain in the shadows. You are aware you're not permitted to appear the victor ...

Damn, sounds like prison.

trubrit wrote:

Smurf1975 wrote:Hi.. We have got a quotation for 1 rai in Non Wai and the price I saw first was crazy high (in my mind) but when I read this it seems like the prices are very high
This land to build on is very close to city centre

If you guys would guess.. What was the number I got?

Well the local land office is using 700k as a valuation for land tax purpose per rai on a made up road. So less than this you are getting a bargain. More maybe some one wants a commission down the line .

Tribit, thanks for the info. The number is pretty close to what you mention.. Still seems very expensive though.. Crazy.. I feel petty for the thai locals when they want to buy land

I recently bought 1 rai of land in Cha-Am
Its on a government road but needs to be raised by about 1 metre

3 miles from the sea and about 2 miles to the town centre

The price was 400K

I cant believe the land prices in Udon and the surrounding areas

I am planning on building there in a few years when the kids finish school here in Udon