Luxury Real Estate for Sale in Chiang Mai, Thailand

The biggest advantage of living in Chiang Mai is the low cost of living. There are properties to suit every budget, with some condominiums and townhouses starting out as low as half a million Baht.

• Many upscale condominiums are in Nimmanhaemin (also known as Nimman) which has a great choice of condominiums and townhouses. 
• The Riverside area is also a popular option for condos starting from 1.2 million Baht, with lovely views of the mountains and the Ping River to enjoy. 
• Townhouses are available in the alleys of Old Town, which is popular for tourists as it is the heart of the city and in walking distance of the main attractions and facilities. 
• Towards the north of the city are San Sai and Doi Sakhet where large family homes with gardens provide fantastic value for money.
• Heading south, Hang Dong and San Kamphaeng appeal to families and retirees who wish to settle for a longer period of time and seek larger homes and a quiet, suburban lifestyle.
• Condos in the Suthep and Huay Kwai localities near Chiang Mai University are in high demand and appeal to investors who are looking for continuous rental income. In recent years, Chiang Mai has become a hotspot for digital nomads and there has been a constant increase in demand for short-medium term condo rentals which presents further opportunities for an investment portfolio.

Greater Chiang Mai is very large but the central area is compact and easy to get around. There are over 300 temples, many of which can be found in the Old Town. Residents in this area experience a truly Thai cultural experience and can easily walk to all amenities around this busy part of the city. 

The Night Bazaar area offers great shopping, entertainment, street food, and upmarket restaurants. Muay Thai boxing schools and yoga schools are found Mueang which is the main district of the city.

Set high up on a hillside, Wat Phra That Doi Suthep towers over Chiang Mai and is one of the most revered Buddhist temples in the whole of northern Thailand. It features a shining golden chedi and offers great views of the city below.

Make sure you explore some of the beautiful natural surroundings. Doi Inthanon is the tallest mountain in Thailand and the national park that encompasses it showcases some truly stunning scenery. The park has hiking trails and two stunning pagodas.

Chiang Mai has a slower pace of living than the larger, hectic city lifestyle of Bangkok. Crowds and traffic congestion are concentrated in the central areas and does not impact on daily life. While there is not a formal public transport system, a light rail system covering 35 kilometers is being built and there are plenty of cheap options for getting around including taxis, songthaew trucks, and motorcycles. 

The cost of living is almost 20% lower than Bangkok and over 40,000 expats have chosen to live in Chiang Mai. There are decent choices for schooling, and other key facilities that serve the community. Visitors to Thailand must obtain a visa from one of the Thai diplomatic missions unless they come from a visa-exempt country or a country whose citizens are eligible to obtain visas on arrival. 

Buddhism is the most common Thailand religion with approximately 95% of the population following this Theravada religion. 

This City is characterized by reasonably priced housing and is a good place to live with good safety and taxation.

• Accessibility - Chiang Mai is only a couple of hour’s flight time away from many Asian and Thai cities making it easy to reach.In 2016, the international airport saw 4.6 million arrivals, a 13% increase on the previous year. The new airport being constructed will add 10 million visitors each year which will stimulate the economy further.
  

• Low cost of living - Luxury Real Estate and living costs, in general, are considerably lower than in Bangkok providing you with a higher standard of living.

• Infrastructure - The government is investing heavily in Chiang Mai by building a long-anticipated light rail network over the next decade. Three routes will connect through the city Centre, being built underground to preserve areas of historical significance. This will improve transport options for the population. A new motorway is also under construction to connect Chiang Mai and Chiang Rai and to drive more economic development within the region.

• Stable returns - The market has been stable due to the continued increase in the numbers of people coming to Chiang Mai and the future looks bright with numbers growing steadily each year. The number of newly built condominiums was 32,000 in 2018. The price increase was as high as 5% on average in the first five months of 2018. At the same time, there was a sharp increase in new residential, and buying Luxury Real Estate in Chiang Mai is always a good long-term investment that also has good rental yield.