Chiang Mai has dozens of real estate agents, most with good reputations; others tend to waste your time, trying their luck on all sorts of unsuitable houses. Buying property in Chiang Mai can be a rewarding option and there is plenty of choice. It is worth being patient and familiarising yourself with the various suburbs and areas of the city before buying. There is quite a range in value-for-money properties, but new arrivals should first get a realistic idea of what’s on the market before throwing lots of money around.
Properties in Chiang Mai are priced considerably lower than in Bangkok, Pattaya or on the islands, making them more affordable for the lower investment budgets. From an investor’s perspective properties in Chiang Mai are less appealing than at the coast or in Bangkok. Although the demand is far less and the market not as dynamic the city has seen rapid growth in recent years and some believe that it’s a good time to get in ahead of the rush. An increasing supply of foreigner buyers and tenants has helped keep the prices stable and maintain the value of properties and project developments in Chiang Mai.
