Property Prices in Chiang Mai, Thailand

Index Info
Price to Income Ratio: 15.15
Mortgage as Percentage of Income: 114.18%
Loan Affordability Index: 0.88
Price to Rent Ratio - City Centre: 23.82
Price to Rent Ratio - Outside of Centre: 22.96
Gross Rental Yield (City Centre): 4.20%
Gross Rental Yield (Outside of Centre): 4.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 13,080.00 ฿ 10,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 8,964.29 ฿ 6,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 25,421.05 ฿ 20,000.00-35,000.00
Apartment (3 bedrooms) Outside of Centre 16,400.00 ฿ 12,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 6,540.58 ฿ 4,645.11-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre 4,201.73 ฿ 3,065.77-5,574.14
Salaries And Financing
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Average Monthly Net Salary (After Tax) 19,076.92 ฿
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.41 3.00-6.40

These data are based on 183 entries in the past 18 months from 42 different contributors.
Last update: January 2021

Sources and References
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