Property Prices in Chiang Mai, Thailand

Index Info
Price to Income Ratio: 14.50
Mortgage as Percentage of Income: 106.96%
Loan Affordability Index: 0.93
Price to Rent Ratio - City Centre: 18.85
Price to Rent Ratio - Outside of Centre: 18.61
Gross Rental Yield (City Centre): 5.30%
Gross Rental Yield (Outside of Centre): 5.37%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,352.94 ฿ 8,000.00-18,000.00
Apartment (1 bedroom) Outside of Centre 8,000.00 ฿ 4,500.00-11,500.00
Apartment (3 bedrooms) in City Centre 28,250.00 ฿ 20,000.00-35,000.00
Apartment (3 bedrooms) Outside of Centre 16,230.77 ฿ 10,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,295.43 ฿ 4,645.11-9,999.92
Price per Square Feet to Buy Apartment Outside of Centre 3,189.64 ฿ 3,065.77-3,251.58
Salaries And Financing
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Average Monthly Net Salary (After Tax) 15,750.00 ฿
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.17 3.50-5.00

These data are based on 103 entries in the past 18 months from 25 different contributors.
Last update: March 2023

Sources and References
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