Property Prices in Chiang Mai, Thailand

Index Info
Price to Income Ratio: 15.23
Mortgage as Percentage of Income: 114.08%
Loan Affordability Index: 0.88
Price to Rent Ratio - City Centre: 21.96
Price to Rent Ratio - Outside of Centre: 21.20
Gross Rental Yield (City Centre): 4.55%
Gross Rental Yield (Outside of Centre): 4.72%
Rent Per Month
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Apartment (1 bedroom) in City Centre 13,809.52 ฿ 12,000.00-17,000.00
Apartment (1 bedroom) Outside of Centre 9,523.81 ฿ 6,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 26,583.33 ฿ 22,000.00-40,000.00
Apartment (3 bedrooms) Outside of Centre 15,461.54 ฿ 12,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 6,338.48 ฿ 4,645.11-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre 3,911.41 ฿ 3,065.77-5,574.14
Salaries And Financing
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Average Monthly Net Salary (After Tax) 18,111.11 ฿
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.34 3.00-6.00

These data are based on 145 entries in the past 18 months from 32 different contributors.
Last update: May 2021

Sources and References
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