Infrastructure and amenities are very important considerations to think about before purchasing your desired plot of land. In Laos, there are infrastructure improvements happening every day - knowing where and what is being developed can greatly affect the present and future value of your land.
Current Infrastructure:
If a buyer is wanting to see a quicker return on value - they will probably opt for plot land where current infrastructure such as:
- drainage systems
- accessible roads
- water/electricity lines…
- network
- street lighting
Within a 500 - 1,000 meter radius, a buyer can scan the area for schools, markets, banks, hospitals, and other key amenities.
But keep in mind, because infrastructure is already put in place, it means this area is already considered attractive so the prices will usually be higher for established infrastructure.
Undeveloped Infrastructure:
Typically most plot land projects are within areas where infrastructure is not developed. These areas can include the outskirts of the city or in the countryside. and that is why plot land prices are incredibly attractive. There’s nothing there but nature!
However, the risk lies in IF and WHEN infrastructure will take place. If the development takes more than 10 years, is the plot land worth the investment?
Legal Proof of Ownership:
There are two types of titles available in Laos for owning land.
A “Land Title” in Laos is the official documentation for permanent land use rights provided by the city or provincial land management authority.
The second title is known as a “Land Certificate” which is the official documentation for rights to use agricultural and forest land on a temporary basis. This certificate is granted by the District Municipal Land Management Authority.
Keep in mind, that the land title and the land certificate does not include the owner registrations for construction and buildings that are on the land.
Land titles and certificates can be authenticated by landowners who submit completed applications to the Land Management Authority for the city, provincial, or district that the land is situated. (legal source).
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