Chiang Mai, Thailand
Property prices · 2024 · Asia
Property price trend in Chiang Mai (2024–2026)
Property comparison — cities in Thailand (2024)
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Chiang Mai in 2024?
In Chiang Mai, the average price per sqm in the city centre is THB 65,000, and THB 45,000 outside the centre (2024 data). Prices have risen 7.2% since 2024.
How much is rent in Chiang Mai in 2024?
A 1-bedroom apartment in Chiang Mai rents for approximately THB 12,000 per month in 2024. A 3-bedroom apartment costs around THB 19,000/month.
Is it better to buy or rent in Chiang Mai?
Renting is generally more cost-effective in Chiang Mai. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.50%.
What are mortgage rates in Thailand in 2024?
The average mortgage rate in Thailand is approximately 6.50% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Chiang Mai?
The average property price per square metre in Chiang Mai city centre is THB 65,000 in 2024. Outside the centre, expect to pay around THB 45,000/sqm.