Real Estate in Krabi, Thailand
Last updated on May 03, 2024
Summary: People living in Krabi, Thailand offer advice about real estate. How do you find a home in Krabi? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Krabi?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Krabi involves several steps. First, you need to decide on the type of accommodation you want. This could range from a simple apartment to a luxurious villa. Next, you should determine your budget. The cost of living in Krabi is generally lower than in Western countries, but the prices can vary greatly depending on the location and type of accommodation. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Krabi, such as Airbnb, Booking.com, and Agoda. These websites allow you to filter your search based on your preferences and they provide photos and reviews of the properties. Another option is to use a local real estate agent. They can help you navigate the local market and negotiate the lease agreement. You can find them by doing a simple online search or by asking for recommendations from expats who already live in Krabi. Visiting the area in person before making a decision is highly recommended. This will give you a better feel for the neighborhood and the property. Finally, once you've found a place you like, you'll need to sign a lease agreement. Make sure to read it carefully and understand all the terms and conditions before signing. Remember, finding a place to live in a foreign country can be challenging, but with patience and careful planning, you can find a great place to live in Krabi," remarked one foreigner who made the move to Krabi.
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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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What is a typical expat home or apartment like in Krabi?
"A typical expat home or apartment in Krabi, is often a blend of modern and traditional Thai architecture. These homes are usually spacious, with open floor plans that allow for natural light and air circulation. The living area often opens up to a balcony or a patio, offering stunning views of the surrounding landscapes, be it the city, mountains, or the sea. The interior design usually incorporates elements of Thai culture, with wooden furniture, bamboo accents, and vibrant Thai silk cushions. The kitchen is typically equipped with modern appliances, and the bathrooms often feature rain showers and sometimes even a bathtub. Many expat homes in Krabi come with a private swimming pool or have access to a communal pool within the apartment complex. These homes are often located within gated communities, providing a secure environment. They are usually in close proximity to local amenities such as markets, restaurants, and schools. Despite the luxurious features, these homes often blend seamlessly with the natural environment. They are designed to be eco-friendly, with features like solar panels and water recycling systems. The gardens are typically lush, with tropical plants and trees, providing a serene and private outdoor space. In terms of services, many expat homes or apartments in Krabi offer housekeeping and maintenance services. Some even provide a private chef or a driver. These homes offer a comfortable and convenient lifestyle, making them an ideal choice for expats living in Krabi, Thailand," said one expat in Krabi.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
What is the average cost of housing in Krabi?
If you are thinking about moving to Krabi, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Krabi can vary greatly depending on the type and location of the property. For a one-bedroom apartment in the city center, you might expect to pay around 10,000 Thai Baht per month, while the same type of apartment outside the city center could cost around 6,000 Thai Baht per month. If you're looking for a larger, three-bedroom apartment in the city center, the average cost could be around 20,000 Thai Baht per month, and outside the city center, it could be around 15,000 Thai Baht per month. However, these prices can fluctuate based on factors such as proximity to amenities and the overall condition of the property," remarked one member in Krabi.
Should I buy or rent a home in Krabi?
If you have not spent a lot of time in Krabi, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Krabi, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Krabi for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. However, buying a home also comes with responsibilities and costs, such as maintenance, property taxes, and insurance. It also requires a significant upfront investment, including a down payment, closing costs, and potentially renovation costs. On the other hand, renting a home in Krabi offers more flexibility. It's a good option if you're not sure how long you'll stay, or if you prefer not to deal with the responsibilities and costs of homeownership. Renting can also be more affordable in the short term, as it typically requires less upfront money than buying. Additionally, the process of buying property in Thailand can be complex for foreigners, as Thai law places restrictions on foreign property ownership. While foreigners can own condominium units outright, they generally cannot own land. Therefore, if you're a foreigner looking to buy a standalone house, you would typically need to do so through a limited company or a long-term lease. In conclusion, both buying and renting a home in Krabi have their pros and cons. It's important to carefully consider your financial situation, long-term plans, and the legal implications before making a decision. Consulting with a local real estate expert or legal advisor can also be helpful," said one person in Krabi.
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.