Thailand, with its beautiful beaches, beautiful mountains and rich culture, remains one of the most attractive countries for foreigners to buy real estate. One of the main questions that potential investors have is the price of land. How much is 1 acre of land in Thailand in 2024? The answer to this question depends on many factors, including the location, purpose of the land and market conditions.

At the moment, the cost of one acre of land in Thailand varies depending on the region. In large cities such as Bangkok or Phuket, the price can reach 1 million baht or more per acre. However, in less developed areas, such as the northern provinces, the cost can be significantly lower, starting from 200,000 baht per acre. Therefore, before investing, it is important to conduct a thorough market analysis and consider different regions.

How much is 1 piece of land in Thailand?

One of the popular units of area measurement in Thailand is “paradise”, which is equivalent to about 0.16 acres. The cost of 1 paradise of earth also varies significantly. In different regions of Thailand, as in the case of acres, prices may vary. In popular tourist areas, the cost can reach 150,000 baht per paradise, and in less well—known places – 30,000-50,000 baht.

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For example, in the southern part of the country, where resorts and lifting assets are concentrated, the price of land can be significantly higher due to demand. If you are considering buying land for commercial purposes, for example, for the construction of a hotel or restaurant, it is important to consider not only the price, but also the potential income from the lease or sale.

Is there a land tax in Thailand?

As in most countries, Thailand has a land tax that should be considered when buying. The tax is calculated based on the estimated value of the land and varies depending on its purpose. For land plots intended for agriculture, the tax may be insignificant, and for commercial land it may be higher.

Tax rates range from 0.01% to 1% depending on the type of land use. In addition, land owners are required to pay a real estate tax, which can also affect the total cost of ownership of the site.

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Where is the cheapest place to buy 1 acre of land?

If you are looking for the best deals on the market, areas of less popular provinces such as Issan or some northern provinces can offer significantly lower land prices. Here you can find 1 acre of land for only 200,000 baht or less, which makes such places very attractive for investors willing to take risks and invest in less well-known but promising regions.

One of the best strategies when searching for land is to compare prices in different areas. Be sure to study the local conditions of sale and consult with experienced real estate agents who will help you navigate the market situation and find favorable offers.

Thus, buying land in Thailand can be a profitable investment if you properly approach the choice of a plot and its location. Do not forget to take into account all additional expenses, including taxes, in order to avoid unpleasant surprises and make your investment decision more conscious.