Property Prices in Chiang Mai, Thailand

Index Info
Price to Income Ratio: 11.58
Mortgage as Percentage of Income: 91.68%
Loan Affordability Index: 1.09
Price to Rent Ratio - City Centre: 23.10
Price to Rent Ratio - Outside of Centre: 20.27
Gross Rental Yield (City Centre): 4.33%
Gross Rental Yield (Outside of Centre): 4.93%
Rent Per Month
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Apartment (1 bedroom) in City Centre 13,360.33 ฿ 10,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 8,029.41 ฿ 5,000.00-10,000.00
Apartment (3 bedrooms) in City Centre 25,375.00 ฿ 15,000.00-40,000.00
Apartment (3 bedrooms) Outside of Centre 16,250.00 ฿ 8,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 6,410.26 ฿ 4,645.11-111,482.72
Price per Square Feet to Buy Apartment Outside of Centre 3,483.84 ฿ 2,322.56-7,246.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 23,000.00 ฿
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.00 3.00-7.00

These data are based on 114 entries in the past 18 months from 26 different contributors.
Last update: November 2024

Sources and References
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