Real Estate in Chiang Mai, Thailand
Last updated on Jan 04, 2023
Summary: The average cost of a nice 2 bedroom home in Chiang Mai, Thailand is around $100,000 USD. A nice 3 bedroom home in Chiang Mai is around $150,000 USD. These properties typically include modern amenities such as air conditioning, hot water, and a kitchen. Some may also include a balcony or terrace. Foreigners are allowed to own property in Chiang Mai, but there are some restrictions. For example, foreigners are not allowed to own land, but they can own condominiums. The best way for an expat to search for a home to buy in Chiang Mai is to use a real estate agent or search online. There are many websites that list properties for sale in Chiang Mai. The most desirable neighborhoods in Chiang Mai are Nimmanhaemin, Chang Phueak, and Suthep. These areas are known for their vibrant nightlife, shopping, and restaurants.
How do I find a place to live in Chiang Mai?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Chiang Mai is to search online for rental listings. There are many websites that offer listings for apartments, condos, and houses in the city. Additionally, you can look for classified ads in local newspapers and magazines. You can also ask friends and family who have lived in Chiang Mai for recommendations. Finally, you can visit the city and look for “For Rent” signs in the windows of buildings," explained one expat living in Chiang Mai, Thailand.
"Our friends are here and it is the perfect little soi. Not to quiet, not to noisy. The house was just perfect for us. It is in the city of Chiang Mai and close to everything. But, the pollution is getting bad. We may have to move up on the mountain," said one person in Chiang Mai.
What is a typical expat home or apartment like in Chiang Mai?
"Expat homes and apartments in Chiang Mai are typically modern and comfortable, with air conditioning, high-speed internet, and other amenities. Many expats choose to live in condos or apartments in the city center, close to restaurants, shops, and other attractions. Outside of the city center, expats can find more affordable housing options, such as single-family homes or townhouses. Many expats also choose to live in gated communities, which offer a sense of security and community," explained one person living in Chiang Mai, Thailand.
"We have a private house, traditional Thai. We are the only expats we know who have a house here. Most live in guesthouses, condos..etc," said one expat in Chiang Mai.
What is the average cost of housing in Chiang Mai?
If you are thinking about moving to Chiang Mai, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Chiang Mai varies depending on the type of accommodation and location. Generally, the average cost of housing in Chiang Mai is relatively affordable compared to other cities in Thailand. Rent for a one-bedroom apartment in the city center can range from around 5,000 to 10,000 baht per month, while a three-bedroom apartment can range from around 10,000 to 15,000 baht per month. Outside of the city center, rent can be significantly lower," said one expat in Chiang Mai.
"Lower. We don't have a/c, which we may soon regret. But average living costs for us are about 30,000B. But we like to go out alot," remarked one member in Chiang Mai.
Should I buy or rent a home in Chiang Mai?
If you have not spent a lot of time in Chiang Mai, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"No ownership although many people are building and condo are offering incentives," explained one person living in Chiang Mai, Thailand.
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What do I need to know when buying property in Chiang Mai?
When we asked expats what advice they would give a foreigner before buying a property in Chiang Mai, they said:
"When buying property in Chiang Mai, it is important to research the local laws and regulations regarding property ownership. It is also important to understand the local market and the current prices of properties in the area. It is also important to have a clear understanding of the taxes and fees associated with purchasing property in Thailand. Additionally, it is important to have a clear understanding of the process of transferring ownership of the property, as well as any restrictions or limitations that may be in place. Finally, it is important to have a clear understanding of the local infrastructure and amenities available in the area," said one person in Chiang Mai.
Are foreigners allowed to own property in Chiang Mai?
When we asked expats what advice they would give a foreigner before buying a property in Chiang Mai, they said...
"Yes, foreigners are allowed to own property in Chiang Mai. The Thai government has implemented laws that allow foreign nationals to purchase land and property in Thailand, provided they meet certain requirements. These requirements include obtaining permission from the Ministry of Interior, having a valid passport, and having a Thai bank account. Additionally, foreigners are not allowed to own land in Thailand, but they can own condominiums and other types of property," said one in Chiang Mai.
What appliances are typically included in a rental?
We asked foreigners in Chiang Mai what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Chiang Mai typically include a refrigerator, stove, oven, microwave, washing machine, and air conditioning unit. Some properties may also include a dishwasher, water heater, and other small appliances," explained one person living in Chiang Mai, Thailand.
Additional Information about Searching for a Home in Chiang Mai:
We asked foreigners in Chiang Mai what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Chiang Mai by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. Additionally, expats can look for rental listings on websites such as Craigslist and Facebook groups dedicated to expats living in Chiang Mai," said one in Chiang Mai.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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