Rent vs buy in Chiang Mai: the numbers after three years
Three years of renting here and I had never added up what I actually paid. Last month I did: 15,000 baht a month for a one-bed near Nimman comes to roughly the price of a small studio, and I own none of it. Foreigners cannot own land in Thailand, only condo units, and each building caps foreign ownership at 49% of its sellable area, so in popular blocks that quota runs out early. Resale flats often beat new launches on value, but check when the lifts and pool pumps were last replaced I compared districts here before deciding: https://thailand-real.estate/ - Nimman, the old city and Hang Dong are three different markets twenty minutes apart..
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