Why do so many foreigners invest in real estate in Chiang Mai?

As a livable city, Chiang Mai attracts a large number of foreigners to settle in Chiang Mai because of its mild climate, low cost of living and high degree of internationalization. When people choose to settle in Chiang Mai, they will inevitably face the problem of buying a house. So besides a better living environment, what advantages do people have in buying a house in Chiang Mai?

1

Thai real estate has permanent property rights.

Compared with buying a house in China for only 70 years, having permanent property rights in Thailand is undoubtedly very attractive to China people. Although foreigners can't buy land directly in Thailand, they can legally hold apartments with permanent property rights, enjoy the same rights and interests as Thais, and can freely sell, transfer and inherit.

2

The property price in Chiang Mai is more affordable than that in China.

Compared with 30,000 yuan per square meter in the north, Guangzhou and Shenzhen, second-tier cities also get 1 20,000 yuan per square meter, and the price of apartments in Chiang Mai is about 1 0,000 yuan per square meter, which is also the level of second-and third-tier cities in China. However, it is worth mentioning that all the properties in Chiang Mai are finely decorated and equipped with furniture, which can almost meet the conditions of "carrying a bag". Compared with domestic rough houses, apartments in Chiang Mai greatly reduce the cost of money and time for decoration, which is suitable for the needs of foreign investors. Moreover, there is no pool area for apartments in Chiang Mai. According to the actual use area, compared with the pool area of about 20-25% in China, it can be said that it is quite affordable.

three

Thailand has no property tax, and the cost of property transfer and holding is low.

There is no property tax in Thailand, so when buying a property in Chiang Mai, you only need to pay transfer fees, stamp duty and other taxes at the time of transfer, and the total cost is about 6% of the house price, and these expenses are generally paid by both the buyer and the seller. After getting the house, you don't have to pay other taxes and fees such as property holding tax, just pay a fixed property fee every month, and the holding fee is extremely low.