Insights to the Chiang Mai Property Market
Currently there are 2,166 Property units For Sale In Chiang Mai at an average price of 67,865 per square meter. The most popular regions, that generate the greatest interest from investors and private buyers are Bangkok, Phuket, Pattaya, Hua Hin, Koh Samui and Chiang Mai, while most of the Property units In Chiang Mai are off the market 145 days after they have been listed For Sale on Thaiger Property. The average Return Of Investment for Property units In Chiang Mai varies between an impressive 5% - 7% for capital appreciation. In terms of Property types for sale, 1 and 2 bedroom Property units generate the highest ROI for investors.
Chiang Mai is one of the most attractive cities in Thailand for real estate investors, especially from the ASEAN region and China.The plans of developing the airport in the San Kamphaeng district and the planned new high-speed railway, are very likely to drive the prices for real estate in Chiang Mai and the surrounding area. Media outlets in the US, have ranked Chiang Mai as one of the top regions for real estate investments in Southeast Asia, which also caused an increased demand from north american buyers. The center of Chiang Mai saw the most sales for condominiums in recent years, while the outside regions showed a demand for high-end detached homes between THB 25 - 50 million, especially those near golf courses and natural tourist attractions.