Property Prices in Chiang Mai, Thailand

Index Info
Price to Income Ratio: 17.17
Mortgage as Percentage of Income: 137.42%
Loan Affordability Index: 0.73
Price to Rent Ratio - City Centre: 22.91
Price to Rent Ratio - Outside of Centre: 26.98
Gross Rental Yield (City Centre): 4.37%
Gross Rental Yield (Outside of Centre): 3.71%
Rent Per Month
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Apartment (1 bedroom) in City Centre 14,100.00 ฿ 10,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 8,250.00 ฿ 6,500.00-10,000.00
Apartment (3 bedrooms) in City Centre 28,000.00 ฿ 18,000.00-35,000.00
Apartment (3 bedrooms) Outside of Centre 16,333.33 ฿ 10,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 6,851.54 ฿ 4,645.11-111,482.72
Price per Square Feet to Buy Apartment Outside of Centre 4,714.79 ฿ 2,787.07-7,246.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 18,125.00 ฿
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.12 3.00-7.00

These data are based on 88 entries in the past 18 months from 21 different contributors.
Last update: June 2024

Sources and References
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