Upcountry land values rose on average by 26.97% in the new assessment.

The most expensive property values were recorded in Hat Yai in Songkhla province, at 400,000 baht per square wah. Southern property values increased by 85.79% on average from the last assessment, the highest increase of all regions.

The cheapest property values were recorded for Ban Rai, Uthai Thani and Doi Lo in Chiang Mai.

In the eastern and central provinces, prices rose by an average of 11.71%, with Muang district in Samut Prakan the highest at 140,000 baht per square wah. Values in the North rose 15.43% overall, with Muang district in Chiang Mai quoted at 250,000 baht per square wah.
For northeastern provinces, values rose by an average of 22.97%, with Muang district in Khon Kaen quoted at an average of 200,000 baht per square wah.

Surat Thani in the South had property values adjusted to 11,000 baht per square wah from 1,500 baht earlier. Officials said the sharp increase reflected higher land demand for agriculture.

Udon Thani also recorded a sharp increase of 55% in the new valuation, reflecting the province's strategic location along the North-South Corridor running from southern China to the Laem Chabang Port as well as the East-West Corridor ending in Danang, Vietnam.

Full text article, link below
http://www.bangkokpost.com/Business/28Dec2007_biz16.php

one good thing, they blamed the price increase on location, not influx of foreigners.

My wife blames the price increases near her village, East of Nong Khai, on the influx Southerners looking to establish rubber farms far from the violence in the South.

There must be a lot of rich Thai's out there to afford increases like this. I would say that if you did'nt inherit land from your family you certainly could'nt afford to buy any.

You will be suprised as to the amount of wealthy Thais living in Udon. I bought several plots of land a few years ago, within the ring road, a couple of minutes to the big C, I filled up the land, built perimeter walling, and as often as twice a week now I get offers from local Thais offering to buy a plot at about 50% more than it owes me. Won't sell because I've got another 23 years until I retire. A farlang has just bought a plot of land, approx 93 SqW, next door to my house for 1.35M!

[quote="laphanphon"]Upcountry land values rose on average by 26.97% in the new assessment.





Udon Thani also recorded a sharp increase of 55% in the new valuation, reflecting the province's strategic location along the North-South Corridor running from southern China to the Laem Chabang Port as well as the East-West Corridor ending in Danang, Vietnam.

That's good news, I wonder how many government officials know of any long term plans for Udon Thani, that we don't know about yet, for prices to jump 55%. That's going to leave a hell of a lot of people missing the boat.

does anyone know the name of the article so that i can do a search in the bangkokpost's archives.

apparently the link to the article is no longer active or perhaps the site is having technical difficulties.

Udon Thani also recorded a sharp increase of 55% in the new valuation, reflecting the province's strategic location along the North-South Corridor running from southern China to the Laem Chabang Port as well as the East-West Corridor ending in Danang, Vietnam.

IMO I would very much doubt that land or property prices have, or are increasing for the reason in the quote above (i.e. due to Udon's location along the North-South and East-West corridors). More likely because of the number of farangs and their GF's buying and driving up prices, and paying farang inflated prices!! Along with the fact that there is an airport and more facilities in the area.

oh i actually found the link for the article in the "recent editions" instead of the "archives":

www.bangkokpost.com/281207_Business/28D ... biz001.php


apparently anything older than 7 days is relegated to the archives and less than 7 is "recent editions"

i'll agree farangs are paying too much, but don't think they are the reason. they are building way too many houses for us to buy. and quite frankly, most don't have the money for it, that is one reason we came here.

i do see a lot benz's and bmw's and high end cars and trucks. so many sporting too much gold, and cellini houses starting at 10 mill., and guess what, thais are driving those cars and trucks and sporting that gold and buying them houses, not us.

we do make great scapegoats, but we are far down on the list of people with real money to spent and drive up inflation.

I also agree there is a farang over pricing component been going on but I think one also has to think global real estate prices these days rather than buying real estate to the price that has always been.
Here in New Zealand there has been massive increases in real estate over the last few years - as prices become more in tune to the global market place driven by middle class people getting into the property market before it leaves then behind and immigrants with cash to buy.
I suspect there is quite a bit of that going on in Thailand as well as people realise there is X amount of land on this planet, and as populations are growing there is less of it to go around, and if they don't buy soon they will not be able to buy in.
Add to that Udon Thani is being seen by people both thai and falang as a decent sort of place to live with very good amenities and friendly people so it is no wonder that prices should have improved.

I think farangs give themselves too much credit for trends in and around Udon. If we were all to drop dead tomorrow, the economy would continue to grow, and only a few would miss us. Just my opinion.

ditto that

IMHO this should not necessarily be treated as a reflection of what is actually happening in the real world.

Certainly prices that people are asking do appear to hve risen considerably in recent years but that does not mean that buyers are paying the asking prices or, if they are, whether they can actually afford them - from what I understand, banks and financial institutions are awash with reposessed properties.

[color=red][b]This is a survey that appears to be primarily used to raise taxation as it is from

rickfarang wrote:I think farangs give themselves too much credit for trends in and around Udon. If we were all to drop dead tomorrow, the economy would continue to grow, and only a few would miss us. Just my opinion.

I realise we are speaking hypothetically here. Individually, I would completely agree with you. But as you said "all" - i.e. all farangs with financial input - I am not sure that I would agree. There would be a hell of large drop of income going into the Udon area, which must inevitably result in a fall of income/money and spending, and have a significant affect on the local economy. Such things have a very strong "snowball" effect.

(There must be a very large number of farangs giving financial input, as there are those living overseas as well as those actually living in the Udon area.)