Buying a Condo in Chiang Mai: The Basics You Need to Know

Posted on 2 Comments

buying-condo-chiang-mai

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

While housing prices soar in places like Singapore, Hong Kong and Mainland China, Chiang Mai offers condo prices that are incomparably cheap.

In fact, in comparison with Bangkok, Chiang Mai is still considered cheap.

The city is fairly big and hosts many foreigners, who want to enjoy a greater quality of life, for a fraction of the cost in their home countries.

In this article, I explain how you can buy a condo in Chiang Mai, one of the cultural and green centers in Thailand.

Chiang Mai’s real estate market

While the property market grows quickly in Thailand, you need to choose your investments wisely, buying in the right areas.

Some people say that Thailand’s real estate market is booming, mainly due to investments from other Asian nationalities.

But there’s a difference between an export driven economy that is booming, and a real estate market that is booming

Usually, they should go hand in hand.

Continue reading Buying a Condo in Chiang Mai: The Basics You Need to Know

Buying a Condo in Pattaya: The Basics You Need to Know

Posted on 1 Comment

buying-pattaya-condo

Do you plan to buy property in Thailand?
Click here to get in touch with an experienced agent

Pattaya is one of the biggest cities in Thailand and has attracted a great amount of foreign buyers over the years.

With property prices that are cheaper compared to Bangkok and with direct access to the beach, it’s not strange why many decide to invest here.

The city is the second most popular for foreign visitors after Bangkok and has become one of the favorite spots for retirees and young investors who struggle with expensive property prices at home.

In this article, I explain the different areas and property prices in each area, in Pattaya.

Pattaya’s real estate market

Pattaya has attracted a big portion of Russian investors in the past years, turning it into a meet up point for Russian holiday spenders.

Even if people from Japan, China and Westerners buy property as well, the depreciation of the Russian Ruble has left the property market in a temporary decline.

A combination of an oversupply of mainly low prices condos and Russians who pull out of the market has resulted in 2nd hand condo prices being sold for less compared to newly developed properties.

The fact is:

If you plan to buy a property in a relatively stable market, you need to assure that there’s a strong local market, that is not only relying on foreign buyers.

Continue reading Buying a Condo in Pattaya: The Basics You Need to Know