Reasons to rent properties in Bangkok and in Chiang Mai.
Chiang Mai is a beautiful city that is located in mountainous northern Thailand. Before 2011, the city was overlooked by investors and property buyers as they concentrated mostly on Bangkok and in Pattaya. Over time as the property market expanded, property investors and buyers together started to witness the potential possessed that Chiang Mai has to offer. Chiang Mai is surrounded by the breathtaking rainforests and is a pretty calm city when compared to the likes of Bangkok. Due to this, a number of Below mentioned are a few of the reasons for buying or investing in rentals or condos in Chiang Mai.
Cheap living cost
When the quality of life and cost of living of Chiang Mai is compared with the other cities of the World, the city of Chiang Mai is amongst the most affordable. Any person could get a reasonable accommodation priced at less than 4000 Thai baht a month. By investing up to 15,000 Thai baht you can easily get a fully serviced room at a hotel. The city also provides a good option for renting condos or apartments at around 4000-7000 Baht range. If you want to buy your own condo or apartment, the prices start at 1.1 million baht. However, a good apartment can be purchased by investing at least 1.5 million baht. For ease of buying and assurance, it is always better to consult with a Thai real estate agency.
Amazing landscape and infrastructure
Chiang Mai is a great combination of modern as well as traditional history. As the city is located in the mountain area of Thailand it is a great tourist destination. You can find a number of restaurants, spas, golf courses and massage centers. As it is a traditional city, you will be able to find more than 300 temples. The city has a huge collection of shopping malls that will give you the opportunity to buy almost anything.
Number of social communities
As an expat, you will never feel lonely in Chiang Mai. There are a number of social groups in the city that will give you an opportunity to spend your time in the best possible way. There is a club that has been named as the Chiang Mai Expat Club that organizes a number of activities and events. All you need to do is pay a one-time membership fee of 1000 Baht for being a part of it. The club will enable you to get introduced to a number of other foreigners and make friends with them.
Low-cost medical services
Thailand is a country that is known to provide medical services at a very low cost. You can easily afford any kind of dental and medical treatment and even the health insurance if you are living in the country. Some of the medicines that are expensive are reproduced locally at a much lower cost or are imported from countries such as India. However, if you are willing to afford the cost you can buy the branded medicines.
Booking property market
After 2011, the Chiang Mai property market witness tremendous growth. A major reason behind this was the floods that occurred in Bangkok. A number of middle-class people have since started to look for an alternate location for their home. A number of international investors have also shown their interest in the city. As the number of tourists in the city has been increasing at a steep rate more and more investment will be seen in the near future.
Are you looking to settle down abroad as your retirement home? If yes, then you must definitely consider Chiang Mai. It is a pretty calm city and doesn’t suffer from the rush that is seen in the other cities of Thailand.
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