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Learn more about the Chiang Mai condo market through trends and average prices.
Chiang Mai is a lot smaller than Pattaya or Bangkok but it has a lot to offer the tourist and it may be difficult for a first-time visitor to get around to see everything without some help of an organized tour. It is often labeled as the ‘Rose of the North’ and it is slowly emerging as a popular place for expats to buy property within this mysterious place of hill tribes and antiquities.
Chiang Mai is situated on the Ping river bank and is a land of many mysteries. It is easy to get to and Thailand’s transportation system makes it very easy to travel around. Although it gives you the impression of being slightly off urban living, it is everything that one would look for in a second home. This is what makes this place a paradise for people looking to invest in property. It is a bit of everything; there are temples, it is a shopper’s heaven, there are stunning backdrops all around you and then there are high-rises blending in effortlessly.
There are many property opportunities within Chiang Mai because it is still less explored and exploited than places like Bangkok and Phuket. The land is more readily available and the prices of buying property are significantly cheaper than the more popular towns and cities in Thailand.
Large numbers of foreigners visit the city every year to enjoy the amazing lifestyle at half the cost that they would have to pay in their own country. With such a high influx of tourists, real estate is bound to be a good investment.
Listed below are the types of condos that are highly sought after by both Foreign investors and the local market.
Chiang Mai is the best of both worlds. While there are plenty of options for the spiritual at heart, there are so many places of interest for the party hopper and the shopaholic. One of the most significant places of Chiang Mai is Nimmanhaemin. You will never have a dull moment here. This is one of the reasons why Chiang Mai is gradually emerging to be a hot spot among foreigners to visit and to settle down in. With a healthy mix of popular cafes and bars and shopping areas all to give you a comfortable and enjoyable social experience.
Chiang Mai Riverside is very popular as it is considered to be a budget-friendly area where tourists can visit to have a good time at affordable prices. This place is highly popular for its old world charm. You will find local people fishing at the side of the streets, vendors selling exotic delicacies and textiles at very competitive prices. The affordability and atmosphere will ensure that you will enjoy your time visiting this location.
A famous landmark in Chiang Mai is the Pae Gate and it used to be an old fortress before but is now a city wall that stands as a heritage building. It is also a major tourist spot that also has cafes, bars, hotels, and massage parlors. Saturday evenings you can enjoy live music and great food with amazing views for you to enjoy with family and friends.
A very positive lifestyle factor in Chiang Mai and which makes a huge difference is it is not crowded with people as you would find with the lager Thai Cities. Due to the fact that the geography of the city is more about mountains, hilly tribes and temples, a lot of people tend to avoid staying here because of the absence of beaches. However, that is the beauty of this misty land of mountains. It is a center of cultural excellence and since property prices are half of that of Bangkok, it is a real pleasure to live here. A condo for sale in Bangkok will be expensive whereas a condo in Chiang Mai will be easier on the pocket.
Considering the fact that Chiang Mai has a lower population than other cities, the congestion is also greatly reduced. This all adds to the popularity of the city and makes it popular with tourists. The weather is also much more bearable than that of Bangkok.
Chiang Mai is witnessing growth at a steady rate and here are the top 6 reasons to invest in this city immediately.