Since foreigners are generally not allowed to own land in Phuket or in Thailand, it would be best to weigh your options before you decide to purchase your own piece of Phuket.
If you do decide to buy land, you could probably put it under your Thai partner’s name, like your wife, as long as you are sure that your relationship would not be ending anytime soon. You could also form a Thai company, where you own 49% percent of the shares. This could be a bit difficult as well as risky. You have to make sure that you trust the company’s other shareholders. There are also agencies that charge for setting up your Thai company for you. However, be wary of these companies as some just swindle people and you need up still not being the legitimate owner.
Also, before buying land in Phuket, decide the location where you want to buy land in and what you would be using the land for. There are different areas in Phuket which have their geographical features that could be good for some purposes and not good for others.
One area would be the land near the west coast beach. Almost all the land here has already been bought and developed. When you do find an available piece of land, it is too high-priced that even high-end developers think twice before buying.
The east coast, on the other hand, is not as developed as the west coast. It is still covered in mangroves, with just a few beaches. However, this coast opens into the Phang Nga Bay, offering year-round sailing which is not available in the west coast. Because of this, all except for one marina on the island can be found in the east coast. Though this area is not as busy as the shopping and nightlife in the west coast, it is currently being developed and is expected to have more resorts and amenities available in the near future.
The center of the island of Phuket is mountainous, which makes it a little more difficult to construct buildings and other structures on. For this reason, there is not much available land to buy here. There are still developers, though, who take advantage of the breathtaking views that are offered from the hilltops. Land that is located in this area is the cheapest on the island.
The Laguna area, where the famous Laguna resort complex is located, used to be just a piece of worthless land that was ruined by tin-mining. After it was developed, it has become one of the most expensive places to live in in Phuket. This just basically means that regardless of the location where you buy land from in Phuket, the land value would inevitably rise.
You can also look into buying land in the provinces of Phuket such as Koh Yao Noi, Koh Maphrao, Koh Naka, Koh Racha and Koh Yao Yai. Occasionally, there are some pieces of land and sometimes even whole islands that in the provinces that go on the market. However, you need to consider a whole lot before purchasing land in the province as you would need to think of a way to bring in electricity as well as your building materials. A good thing about buying whole islands is that you could get good beachfront lands at a reasonable price.
Land located in the center of Phuket cost about one million baht per rai (equivalent to 1600 square meters); three million baht per rai in the eastern part of Phuket; and twenty million baht for a rai of beachfront land located on the west coast.
To help you in making the right choice when buying land in Phuket, try getting the services of local real estate agencies. They could give you a tour of the places where you could purchase land as well as the price ranges.