Best real estate Chiang Mai

The mountainous landscape offers you a wealth of beautiful flowers and green forests and of course the most impressive waterfalls. It is a great opportunity to buy a river-side house in the middle of a green and beautiful environment. Besides, the North-Thai inhabitants are famous for their friendliness and loved by everybody in the country.

Another drastic change to Chiang Mai's landscape came during the last 5 years as foreigners began to seek permanent residences. Some foreigners married Thai women and bought land from local landowners. Before long, foreign investors began to arrive when they saw opportunities to develop real estate, local people said. Foreign investors started developing property, and their activities have only intensified in the last few years.

Chiang Mai, which has seen the emergence of luxurious resorts such as the Dhara Devi (managed by The Oriental Hotel) and the Four Seasons, is becoming increasingly popular as a luxury retreat.

The city, which is targeting to become the regional hub for aviation, trade and tourism, is the setting a goal to attract two million visitors annually.

Property prices are rising but reasonably at this time. You can buy a small single storey house for 1,000,000 baht (less than $24,000 US / around 20,000 Euros) or a "palace" for 10,000,000 baht (less than $250,000 US / around 200,000 Euros) and a host of other beautiful properties at prices between the two, say local real estate agents.

Property prices in Chiang Mai are on the increase, but still represent an exceptional value for the money when compared to most western countries, and a lot of other Asian countries. But, development of the real estate market is on the way and the number of new real estate agencies, along with developments bear witness to this.
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