Chiang Mai Real Estate Has CHANGED 🇹🇭 Cost of Living Thailand
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- เผยแพร่เมื่อ 17 ม.ค. 2023
- Should you rent or buy a Condo or house in Chiang Mai, Thailand? I'll show you prices of 2 x Condos and 1 x House and you can decide. You will see what $1,000 a month gets you or what $200,000 gets you, and you'll know more about the Cost of Living in Thailand.
Real estate in Chang Mai has changed and units are getting snapped up quickly. If you are looking for either the first house of the 2nd condo in this video, then reach out and get it before they are off the market. If you dream of living in Chiang Mai, Northern Thailand's awesome city then this video is for you.
If you are looking to buy or rent in Chiang Mai, Bangkok, or Samui, then RW4U Real Estate is here for you. Contact us here: connect@retiredworkingforyou.com
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First of all Thank U for the video about living in Thailand.
I have plan to travel to Thailand in summer 2023. Should I book the condo a head of time or can I book the condo when I get there? Please let me know which is a better way to do it.
Btw i like to watch every video you make is very interesting whatever you post on TH-cam great video and please don't take my comment in negative way .All the best from Croatia
Hi i am looking to buy in thailand . Chaing mai was my fav place. Who to talk to??
@@akashseedhar7792 Reach out to connect@retiredworkingforyou(dot)com
@@RetiredWorkingForYou 16:20
hi i would interest to contact u for viewing the condo unit for my coming visit to chiang mai .
looking for retirement there. thanks
Be warned that Chiangmai has about 3+ months of awful air pollution due to crop burning in the region. Many people just completely leave the area for almost half the year. Also the Thai government is really cracking down on foreign ownership, you can no longer use a shell company or a proxy to buy land, so buying a villa for a foreigner is very dangerous. For condos only 49% of a building can be sold to foreigners and those units are pre allocated - so only ever buy a foreign allocation condo or you run the same risk. Your dream home could just be taken away from you. Agents will not tell you the truth about this.
agreed ,ownership by foreigners in thailand is just a scam
Things are getting better they are burning alot less and if you do your homework it is still good to buy. I would rent for at least 6 months in different areas of Thailand to find what is best for you.
I’ve been here over a year. Last year the burning season was virtually non-existent and the air quality had been quite good the whole time
LOL 😆 we've been here 6 years and love it 😀 also we own 3 condo rentals we live here year round and our properties stay rented year round 😄 don't listen 😉 to whiners like this guy 😉
Personally I think you’re betting off renting even if you can afford to buy. Rent here is cheap and gives you flexibility
There's only a few places in Thailand which foreigner can legally hold landed properties (homes) by 'Leasehold', 25 to 35 yrs. So, you don't really legally own the property you just put $500,000 into. The only legal way is put into your Thai wife's name, but you have to sign documents that essentially says the money used to buy the home was from your wife, not you, and you have no rights or ownership to your (home), ever. And friends from Europe and Aussie did that, and wife took the property away from them, kick on the street. Legal leasehold is all you'll get. Malaysia - is freehold land, bungalows, ya-da and cheaper land and home costs, even beachfront properties. (Thai is like Philippines, Indonesia, Vietnam) push foreigners to buy (condo's) at 10x to 15x construction costs. There's also high gov't taxes if you rent it out, and if you sell, which you will. In Phuket a resell home can be on market for 5-6 yrs and still not sell (leasehold). Your money will be stuck, forever. The water is much deeper than you think. Look before you dive in.
Thank you
This is very helpful. Thank you. Where in malaysia do you recommend for a young family with a child? It has to be modern with international school and good medical care.
This is valuable information that is not shared until AFTER you sign!!
Many foreigners just have the information wrong…. They cannot buy in their names!
This is the type of advice the comments section was made for! Thank you so much!
Loved the info!!! Lol
300k to 500k for a place like that there is a ripped off. That's about the same price as here in the states.
Exactly what I said bro total extortion of foreigners by the developers and agents
@@AbsoluteDegensyeah, agree, Thais won’t buy at those prices. Many foreigners have more money than sense though, they don’t care. Bubble.
Dont be fooled, those prices have at least 20% markup. Prices should be way cheaper thats for sure.
I guessed that last one should be 4m at most. For almost 7m you can get an big brand new house in Chiang Mai
As a thai I’d like to say no. 10-15 % yes
Agreed
oh God, people want to make money on houses they built?? What's the world coming to?
@@luxuryseaviewvillas6744 its a difference if you make money or you literally ask scam prices to rip off 🤫😂
Please listen very carefully, there is only one option, that is RENT, do not even consider buying, it will be a mistake you won't forget. You are not Thai, you going to be on the losing side of the trade on buying and then again on selling. It's a story with the same lesson people learn every year, same as the sun comes up.
Bought a house 10 years ago in Chiang and just sold it for double the price. You just need a lawyer to set up a company.
@@marcelvandenburg8737 Which is illegal and you can risk to loose it all...
@@marcelvandenburg8737Have any recommendations on honorable attorney?
Also do you have any examples of why it's not good buying say a condo
Very expensive. Buy the house across the street for half price
Another solid vid, my friend. Great shooting and video editing, too. Props to you and Adam for some most excellent behind the camera and in the cutting room--it always makes these videos more interesting to watch!
Before buying a house or any other building in Thailand ensure that you find out how long the property lease is for. Foreigners can not purchase land in Thailand. Therefore any building you purchase is on land that is under some kind of agreement with a Thai citizen or company. What legal assurances are there that once the lease period is up for the land that your home is on will be renewed?
Chris! What are the odds?
I have been watching your videos from the very start and now I find the coincidence of being in Chiang Mai at the exact same time as you. LOVE IT!!
Looking forward to meeting you and my fellow RTW4U fam this Saturday!!!
In Chiang Mai now and loving the city, especially chatting with local people, always friendly! Keep up the good work, helpful videos!
Always friendly until they are not friendly. Chiang Mai and especially Pai has the highest murder rates and for a long time an official warning from the canadian government. I love Thailand and lived in Chiang Mai for many years, but never never ever take friendlyness for real. They will smile while putting a knife in your stomach ... and they will.
@@llothar68 thanks for the advice Lothar. I’ve travelled in many countries, many places people warned me not to visit and my street radar is pretty good, but that said never be complacent. On the whole I think Thai people are honest and trustworthy. For example my wife ,son and I arrived at a small vegetarian restaurant ‘ Aum Vegetarian ‘ and realised I hadn’t changed money, so the owner took me to the money exchange on his scooter. It’s this kind of human kindness that leaves one with a good feeling about a country. Last day in Chiang Mai and down to Bangkok for a few days before heading back to cold north, been a fantastic trip, spoke lots of Thai which always makes them chuckle and will come back sometime soon!
Great video thanks Chris, local sales team was awesome would definitely talk to them if we’re looking in Chiang Mai 😊
OMG! I love the house BUT the second condo is PERFECT! I like not having to rely on a car to get around...totally walkable and the living space is perfect size. Thanks for showing these.
Thanks for the videos! We're enjoying Chiang Mai, too! Love it here 🥰
once again great video chris, and thanks for the hard work........
what a great video for sure and you both are great and honest!
With so many houses and condos for sale and rent in Chiang Mai, this is a rip of even if they are nice! Always stay away from farang brokers and companies targeting foreigners as their main costumers! They always make a place more expensive than necessary.
And most foreigner retirees are not out for those prices. And since a foreigner can not own the land legally, it is quite risky to accept to go around the law to be able to "own" the lot your house stand on. You can simply loose everything.
You get much better price when you go trough a small local broker when renting a condo or house. And if you are familiar with the market, just rent directly from the owner. That's normally much cheaper.
Do you know any small brokers or owners to rent from?
Absolutely Love This. Thank you Chris & Expat Homes
Great video. Would like to see more of these. More details, e.g., foreign ownership, property taxes, approx utility costs, other “hidden” costs, etc would be appreciated!
Foreigner can’t own land in Thailand
No property tax (less than 1 acre of land)
Cheap water bill
Electricity 5-7000 bahts a month or more with AC 24/7
Cheap internet and mobility
HOA ?
@@jirawan77 that’s not exactly accurate
The biggest drawback it that foreigners can't own any land. You used to be able to get around this by having a Thai company you control own the land, but they changed the laws to make this much, much more difficult. A common solution is to own the house and lease the land long term or have your Thai wife own the land (a lot of YTers do this). Not an issue with a condo since you don't own the land anyway.
@@laurencefarrugia431 If you're gonna say this, you have to say WHAT is inaccurate.
no foreigner can own any land in thailand,only thai citizens can own lands..you can buy houses on a rented land but you will never owned that land...that's simple and clear...we,as foreigners can only buy condos in places with 49% ownership owned by foreigners...buying houses in thailand is a scam
Really like number 3. Nice and spacious and sweet views. And I am more into homey than trendy. Great vid
First timer here, loved the video
These were by far the best layouts i've seen in any house tour of Thai homes on youtube.
These videos are out of touch with reality
Get it together mate
Yes sir!! Prices are out of reality too!
Definitely want more vids like this but can you please do more of the cheaper realestate available?
New viewer and subscriber. Thanks for showing me what you have . Looking to come to the area this fall. Undecided if I wanna check out Pattaya, Bangkok or Chiang Mai. If I like whichever area I choose I can stay extended. My line of work Is rotational. 4 months out of the country then 4 months off after. Thanks again 🎉🎉
Perfect timing, looking at purchasing or renting in the near future. I'll be in CM on Saturday to check out the housing opportunities. thanks for another great video. 👍
Research air pollution and health. It’s horrid for 3-4 months of the year.
@Mark Shepperson Yeah the people of Chiang Mai are really nice but also Chiang Mai is only cool for about 2 months of the year then it's super hot! I will take places like Hua Hin sea breeze
your positivity is contagious... I miss Thailand more after watching your vids
My first time on your channel and I must say I am totally impressed
I actually went to see this house before it’s finished. It’s a very nice house and it’s a great design but I’m not looking for the same price on a home here in the US to use as a retirement home. One funny thing is that you ran into the big islanders and I used to live out there too. Cool!
I am a few years out from retirement (2nd career) and Thailand is definitely a place im looking to hang the hat for 6 months out of the year. I will definitely utilize your channel as a source for information
Thank you for sharing info about Thailand in english your channel is a gem.
have a hoiuse in samui but just moved to chiang mai for a year and renting in wang tan moo baan...good to know the prices for condos and houses in the area for future references. love the city already!!
Great video👍🏼👍🏼👍🏼
Great information Chris! Question....What's in that backpack?
Just visited there. Cool city, went to Wat Prathat Doi Suthep along with many Temples dotted throughout the city. Also checked out the Elephant Sanctuary.
I spent a month there. Absolutely loved it! It’d be a dream come true to own a home there.
Spending a month on vacation and living in a city, are two completely different things.
Good content sir……👍🏻
I was in Chiang Mai 2 weeks ago (and stayed at the Astra) and loved it. It's on my list of retirement spots
Chiang Mai is nice, but smoky season kills it for us. 🥵
Nice video with good information 👌
Excellent video especially the visual map so a person can see where properties are located in conjunction with the area.
I'm retired and seriously considering escaping the matrix as the US seemingly is called now and settling in Thailand. Leaning towards Chiang Mai.
My only question is where to go, my expected transition will be somewhere between October -November 2023.
I think I'll contact expat homes to assist with my transition.
Loved this video and I am actively LOOKING!!! I'll be emailing your Realtor today. The only downside I saw is that all the places feel very European....for someone who is coming to Thailand and wants a very traditional "Thai" feel interior space...not much available. I keep looking online and see the same white wash, cold, sterile environments that are unappealing to me. Hopefully when I trek out there for a couple weeks I'll see something I love. Thanks for this video!!
Nice information regarding pricing 🙏 pitty you are not in samui we could have a brewsky somewhere. Stay safe and healthy my TH-cam friend ❤️ 🙏 🍻
Awesome job once again, Chris! But these are more for Reginald Bottom tooth.... What about Cheap Chris? Where would Cheap Chris be looking? What kinds of bargains are available at the 6 million and under level? Or better yet... What about local Contractors around Chiang Mai? I am looking to build in Saraphi. See you on the 21st!
With $400,000 you can live anywhere😊
Probably for the rest of your life.
Ummmmm no
It's interesting to see the pricing evolution that an Expat migration can have on an area.
Half a Million USD for a house like that!!! Insane and you can't even own it unless your Thai - forget all the stupid schemes of land and property split or some Thai business ownership at 49% - it's a mess in the end waiting for a disaster to happen. House is maybe worth on a great day half the price fully luxury furnished with a multi-year build warrantee. I don't know who is buying these everyday houses for this kind of money not to mention overpriced condos at 30Sqm for 100k USD+. Last I checked, one week ago when we were in Thailand standing in Chiang Mai, 80% of the people are poor, Covid killed that city - they don't even have close to this kind of money. Average Thai brings home 18k a year. or less. Middle class Thai, 40k year and they are a minority. Math doesn't add up.
Guess that is why we didn't buy anything there or any place else in Thailand - and I have a Thai wife and she thinks it's insane! It's cheaper to rent than buy even long term in Thailand. 12.5M baht house renting for 30k baht per month - not considering any bank financing interest - at that rental rate would take 32 years to break even not including any maintenance cost during that entire time - that's insane. That is not value creation, that's a waste of money...
$500,000 is literally a scam price
The salesman HAD to say he was excited 🤣🤣🤣👍.+1
Love Chiang Mai so much. Just heaps to do and see. Beautiful environment, beautiful people....
You showed our house twice😂 Loveee moobaan wang tan, such a great neighborhood to live in and best city in the world😍
What's the point of buying a half a million dollar home in Thailand ?. I mean, isn't the whole point of moving to places like Thailand or Phillipines is to save a buck and live well on a lot less ? I mean if it is going to cost that kind of money why bother moving to Thailand. One might as well stay home in the U.S. Very disappointed in this. I always thought that "Retired working for you" was cost conscious. For this kind of money you can get a great home anywhere in the south and mid west of U.S matter of fact for half as much. What a joke to call that home "a great value".
He's worki g for himself by taking a cut....A Shill
"Retired working for you" is not very bright!! Its people like these idiots who have ruined Thailand.....Everyone knows renting is the way to go....Buying is a mug's game and trusting a thai with your life savings....Good luck with that!!
That first house is one of the most beautiful homes I've seen. I love everything about it.
The last one was awesome. Very tempting.
Just passed The Astra's project just now, it's in the city, just convenient to go to many important places in Chiang Mai city.
The 2nd condo. So nice.... I don't need so much space and will take the condo facilities anytime....
Can’t wait to retire in Thailand. Thanks for the video.
Great looking properties!
Would have been better if you had viewed properties within the reach financially of the average expat Chris.
Thank you for giving choices too many people are doing cheap rental video.
Now I travel to Chiang Mai Kangsadan Waterfall is very beautiful. above there are flowers and pine forests and overlooking sakura trees and a small town on the mountain Ready for a coffee shop that loves your face
Some awesome places Chris, But I think I will keep my custom-built cottage that cost us 20k to build. I would like to add a pool someday.
Where do you live?
@PicturePerfectPlanet Don't stay all the time, me and my wife have a small place in Ban Phai
Thank you so very much Sir! 🙏🏼
That house you looked at is at the back of my house, you could see my house when you stood on the balcony!
Great video.
Soooo great,I can't wait to buy one in Thai,what a wonderful city.
Chiang Mai has the BEST variety of options anywhere on the planet.
My shared house (downtown, across from Maya Mall) was just 240 bucks a month, huge balcony overlooking a quiet little soi. I lived for the entire MONTH on 1100 a month, all out, everything from rent to food to travel, the works.
Must've been living on Mama noodles! 😂
@@naughtynightlifeasia857 Nope! Lived like royalty!
It's all about choices, right? Shopping at a big fancy store? Yeah, you are likely paying more than you should or could. Local markets are the ticket to success, always. I am a widow, first time living abroad, but I did my research ahead of time.
@@beverlyweber4122 unlikely
@@naughtynightlifeasia857 beauty is in eye of beholder
@@naughtynightlifeasia857 Believe it or not. How in the actual hell do you think Thai people live on $500 a month? Magic? Or do you believe Thai people live on $2000 USD?
I would take Condo 3, can't see leaving a $1,500 mortgage to do the same in Thailand. Being a "Farang" agency, I guess their cater to the higher ends market. Relocating to T-land in 30 days, Chiang Mai is on top of my list. Thanks for the video.
What are you going to do with all the time you saved by writing T-land?
@@seanlive6975 I'm in school, saving the extra time for papers.
@@Retiredworkingforyou1 Did somebody say prize?
I have lived in CM for 25 years and having both owned and rented I would suggest renting for at least a couple of years to feel the place out. Buying a condo is not an issue for a foreigner, this can be done legally. Buying a house is another matter, it would be interesting to hear from Adam as to how house sales are made to foreigners....over to you Adam.
you can lease a home and get a mortgage lol
how about a townhouse ?
That is what I would do at 62 do not want to have to take care of a property
They were all very nice. The house has a neat floor plan.
Cool channel! 😎
Chris your a natural, you could sell ice to the proverbial, good video
Love the spacing. That's huge.
Those places are great, Chiang Mai is amazing!!
Awesome video. I work in Real Estate in my home town. I hope to get a place in Thailand., some day :}
Remind me of my house in Chiang mai ( Mantana, Land and house ) . I sold it 3 years ago. I missed Chiang mai one of my favourite provinc.
I want to know how much a rural type property just outside of town would be. We spent 31 days on Koh Tao in 2001 and loved it.
Amazing! Quite cheap as well. Is the property tax high in Thailand?
As soon as I see a yank real estate agent in Thailand, the more I want to hold onto my cash
Good instinct. Any farang agent in Thailand for that matter.
My exact thoughts. These go do everything to stroke their egos and go back to their countries to brag about their “rich life” and “business “ in poor Thailand
These people are what’s wrong with every corner of the world.
raising prices then inviting crime from all different people that feel forced to find illegal ways to feed their kids and PAY expensive rent
This is a complete ripoff. They are hoping to get ignorant farangs that don't know any better.
@@r3furbish3dbrain12 Is that the service with the words "end" and "happy"
@@r3furbish3dbrain12 Ripping off people is unethical.
Hahaha, having a "side" Thai kitchen is not a bad idea. I came home from work today and my Thai wife had just cooked pad kra prao squid. The chili in the air was overpowering. And I had just upgraded all the kitchen appliances including a new high-volume range hood.
Hey Chris I love your videos and I wish to meet you :)❤😊
Astra 2 for me! After retirement Visa I may go south for a while before I settle on a long term rental. Most likely will be Chiang Mai.
Even I who don’t like houses (prefer condos) Chiangmai house is LIT!! My god. ❤❤
These are so expensive, I was thinking that first one should be 8-9 mil baht max.
Would love to settle down in one of those big white homes! 😍
GREAT VIDEO! VERY INTERESTED! THANK YOU FOR CONSISTENTLY PUTTING OUT TOP QUALITY CONTENT.
KEEP IT UP! 👍
What is life without money? I think that's irrelevant. When you live, always try to invest for future times like this to ensure profits and growth. So you are not dependent on the government. Investing in the financial market should now be on every savvy individual's bucket list.
Investing is the key to maintaining your financial longevity. And not just an investment, but an investment with guaranteed returns.
@@jervcarter8218 Investing in the financial markets works for me even if I don't do it alone. I have an expert helping me and his strategies have helped me avoid losses and increase my income.
Hello@@jeanekarussell2195, that sounds interesting. What is the best way to reach your expert?
He is active on TELEGRAM 👇
CONSULTTIMTAYLOR ✅
Beautiful condos, of course. And great job showcasing the details. But.... prices have sadly gone up over the past 5-10 years. I first visited Thailand about 9 years ago and I think back then Chiang Mai was considered the "affordable" part of Thailand, with new construction condos for $40k-$60k. It seems those days are gone.
Bangkok fall 50% at beginning of Covid, recovered a little. CNX still has good offers but all the new developer projects are the same chinese fraud for stupid guys that just want to flip a speculation object. Maybe they will die out as the supply is so much higher than real demand.
Also it was always very very difficult to sell any condos. You need to calculate at least 2 years to find someone so when you are under pressure, thats when the corrupt thais come in and take it for half the price and make the real money. Foreclosures not going to the market, they are in the hand of the local mafia.
Totally agree. Prices have definitely gone up in Nimman and Changklan area
Back in 2004 a few years after a big economic crisis you could buy small condos in Chiang Mai for $10,000. They weren't anything fancy like these. They were fairly basic but perfectly adequate once you furnished it
@@rickrolls3786 You can still find good 2nd hand deals in condo projects that target local population and not foreigners. You check the banks (Bangkok Bang und Krung Thai are the largest IMHO) for forclosures.
It's called gentrification.
Don't worry, it will be over soon when the U.S. dollar collases.
I love your videos , but very few people are as rich as you and can afford these luxury properties. But as a poor person I enjoy watching how the rich live 😊
Exactly 🙏😊🇬🇧
Same same
That's not expensive by western standards
@@mijicmugendo im borne and raised in one of the most expensive countries in the world (norway) so yes they are .
@@u982245
I was born and raised in Ireland and have visited every country in Europe , so no its not expensive
Farang homes is the TH-cam channel to go to for cheap rentals.
A three bedroom home was shown a couple of weeks ago for 7,000 Baht a month, a lovely young thai lady shows us what bargains there is to be had - please check it out, people are looking for rentals for around 8- 12,000 Baht a month in the present financial climate
it's a new channel so not much there. There's older channels with low rent videos
Wow stunning ,great for all
I didn't think tourists could own property in Thailand
Very beautiful, yet I'm wary of these places because of their large, open floor plans and significant percentages of walls replaced by glass. Traditional home designs evolve based on local characteristics, including climate and the cost of natural resources; history has shown that non-local design standards end up suffering from problems that the local designs addressed centuries before. All of that leads me to wonder how much electricity one would end up using if they were stay-at-home types who ran their air conditioning all day in those big, open floor plans?
The house is wonderful but it is never ours because of the property laws, am i wrong ?
ช่วยทำคลิปแนะนำการเที่ยวเกาะเกร็ด ให้นักท่องเที่ยวหน่อยได้ไหมคะ ว่าต้องไปขึ้นเรือตรงไหน จะได้ไม่โดนหลอก เพราะวันก่อนดูคลิปนักท่องเที่ยวไปเกาะเกร็ด โดนหลอกว่าไม่มีเรือข้าม แต่ให้นักท่องเที่ยวเหมาเรือ หนึ่งพันบาท ซึ่งเขาก็ยอมไป
Hi Chris, are you still having a party in Chiang Mai this weekend ? I would like to attend if its on . Details ?
ติดตามตลอดคับ
I visited Phayao for 25 days. Visited Chiang Rai only. I loved it. The girl I visited from Phayao didn't like Chiang Mai but I never went there to visit
Wow those houses 🏘️ look amazing just like in America
That is why its priced like a America. Most Thais wouldn't even bother to buy it instead they can build similar home for half the price. My Asian buddies always told me its cheaper to build but as foreigners cannot own land. Options are really limited.
CHRIS - Do you have any information on the Condo Fees?
Thanks!
I've stayed at The Astra, it is lovely
I would love to see more budget places, let me see how cheap I can live comfortably in thailand!
Agreed.. So far Chris seems to be focusing on larger units and high end. Would like to see mid range for single occupants.
Im living in Chiang Mai for about 2 months now. I got a single room apartment with a bathroom and a small balcony for 3000 Baht / 84 Euro per month. Unfortunately no kitchen. Bed and closet already built in and it is located in the square (oldtown).
@@amkoi3578 that sounds amazing! what a price! make a youtube video! xD
He makes money from high budget places. THis is so 100% marketing i find it hard how you can't see this.
I hate this stupid youtube channels and their naive viewers. BTW i lived in CNX for 6 years myself, i know what he is talking about and what he is not talking about for good reasons.
@@llothar68 💯 lining up suckers