Get all the data you need about the real estate market in Chiang Mai
SUMMARY
Yes. Chiang Mai property is becoming oversupplied, and in several parts of the market it already is. The clearest pressure is in low-rise suburban housing and older, less differentiated stock rather than in every condo or central neighborhood.
The strongest evidence is not simply the number of homes for sale. Chiang Mai had 9,759 developer units remaining while project sales fell 13.4% and monthly absorption slipped from 1.9% to 1.6%, pushing estimated sell-through from 47 months to 57 months.
The unusual part is that inventory worsened even after developers slammed the brakes on construction. New launches fell 66.2%, which means Chiang Mai's problem is increasingly about clearing old supply rather than developers continuing to flood the market with new projects.
The weakest part of the market is not condos. Housing-estate sales fell 18.9% while condo project sales were roughly flat, and regional inventory data show large concentrations of completed unsold townhouses and detached homes in the ฿2 million to ฿5 million range.
Resale competition makes the headline developer inventory understate how much choice buyers really have. Around 75% of Chiang Mai residential transfers in the latest detailed period involved second-hand properties, so a new project is competing with a much larger parallel market of existing homes.
This helps explain why oversupply has not produced a dramatic citywide price crash. Much of the adjustment is happening through slower transactions, longer selling periods, incentives, negotiation and owners simply refusing to sell rather than through obvious cuts to advertised prices.
The market also splits sharply by geography. San Sai and other suburban districts carry deep low-rise inventories, while Nimman, Suthep, Chang Khlan and areas near universities, hospitals and shopping centers benefit from much stronger rental and foreign-resident demand.
Chiang Mai can therefore have a healthy rental market and an oversupplied sales market at the same time. A centrally located condo may rent fairly easily while still being difficult to resell at the owner's preferred price.
Foreign buyers cushion the condo market but cannot solve the wider problem. Chinese buyers remain the largest foreign group, yet their purchases weakened sharply, while growing Myanmar, American and other foreign demand is still too small and too condo-focused to absorb suburban low-rise inventory.
The encouraging development is that supply is correcting. Developers are launching far fewer homes, construction permits are falling nationally and demand has shown some improvement, but Chiang Mai will not look genuinely healthier until existing inventory falls and housing-estate sales recover without requiring unusually aggressive incentives.
Thinking of buying real estate in Chiang Mai?
Acquiring property in a different country is a complex task. Don't fall into common traps – grab our guide and make better decisions.
Is Chiang Mai property actually oversupplied right now?
Yes. Chiang Mai currently has more property for sale than buyers are absorbing at a healthy pace, although the pressure is much worse in some parts of the market than others.
The clearest evidence comes from the Real Estate Information Center, or REIC. In its detailed survey of Chiang Mai, the number of homes left for sale reached 9,759 units, 4.3% more than a year earlier. New project sales fell 13.4%, while the monthly absorption rate dropped from 1.9% to 1.6%.
At that pace, REIC calculated that Chiang Mai developers would need about 57 months to sell their remaining inventory. A year earlier, the estimate was 47 months. Going from roughly four years of stock to almost five years in only twelve months is a meaningful deterioration.
What makes the result more convincing is what developers did at the same time. They launched only 284 new homes during the first half of the year, down 66.2%. Chiang Mai therefore accumulated more unsold property even after developers had already cut new launches dramatically.
That is enough to call the market oversupplied today. The excess comes mainly from homes launched during earlier cycles that are taking too long to clear.
| Chiang Mai developer market | Previous comparable period | Latest detailed period | Change |
|---|---|---|---|
| New project sales | ~1,194 units | ~1,034 units | -13.4% |
| Remaining inventory | ~9,357 units | 9,759 units | +4.3% |
| Monthly absorption | 1.9% | 1.6% | -0.3 pp |
| Estimated sell-through | 47 months | 57 months | +10 months |
| New launches | ~840 units | 284 units | -66.2% |
How did Chiang Mai end up with too many homes if developers have stopped launching them?
Chiang Mai's current oversupply was built over several years, and cutting today's launches cannot quickly remove yesterday's unsold homes.
The contrast is striking. REIC recorded only 284 new launches during the first half of the latest detailed Chiang Mai survey, yet almost 9,800 project units were still sitting on the market.
Condo launches fell 52.6%, from 329 units to 156. New housing-estate supply fell even harder, down 76.8% to only 119 units.
Developers clearly know the market is difficult. They are no longer adding anything close to the amount of supply seen during stronger periods.
The problem is the stock already sitting inside existing projects. REIC's northern-market survey shows the same pattern on a wider scale. Across Chiang Mai, Chiang Rai, Lamphun, Phitsanulok and Nakhon Sawan, remaining inventory reached 17,407 units in the first half of 2025, up 16.9%, despite new launches falling 34.8%.
The more recent national picture points in the same direction. REIC reported that residential construction permits across Thailand fell 50.2% year on year in the first quarter of 2026, while land-allocation permits fell 45.7%. Developers are pulling back hard because they already have plenty to sell.
Chiang Mai's oversupply has become a clearance problem. The city does not need another construction boom for inventory to stay excessive.
Don't buy the wrong property, in the wrong area of Chiang Mai
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
Is Chiang Mai's oversupply mostly a condo problem?
No. Chiang Mai's weaker spot is currently low-rise housing, while condos are holding up better than the overall market.
During the first half of 2025, new Chiang Mai condo sales were almost unchanged from a year earlier, rising roughly 0.4%. Sales in housing estates fell 18.9%.
Developers reacted even more aggressively in houses. New housing-estate launches dropped 76.8%, compared with a 52.6% decline for condos.
The wider northern data show where the pressure is building. REIC counted 5,521 completed but unsold homes across the five northern provinces in its first-half 2025 survey. Almost three-quarters of that completed inventory sat in just two price bands: ฿2.01 million to ฿3 million and ฿3.01 million to ฿5 million.
Townhouses represented 60% of the completed unsold homes in the ฿2.01 million to ฿3 million band. Detached houses accounted for 44.3% of the ฿3.01 million to ฿5 million band.
Chiang Mai dominates the five-province northern market, so those regional numbers cannot be treated as Chiang Mai-only figures. They do, however, match what the Chiang Mai sales data are already showing: ordinary low-rise housing has a bigger absorption problem than condos.
| Chiang Mai segment | New launches YoY | New sales YoY | What we see today |
|---|---|---|---|
| Condos | -52.6% | +0.4% | Holding up relatively well |
| Housing estates | -76.8% | -18.9% | Clear demand weakness |
| Villas | Tiny base | Strong increase from tiny base | Too small to drive the market |
| All projects | -66.2% | -13.4% | Overall supply still too high |
Are Chiang Mai condos themselves oversupplied?
Some Chiang Mai condos clearly have too much competition, but putting the whole condo market in the same bucket as suburban housing estates would go too far.
Developer condo sales were roughly flat during the first half of 2025 even while total Chiang Mai project sales fell sharply. That is a meaningful difference.
Condos also have a buyer pool that ordinary houses do not. Foreigners can directly own qualifying condominium units within Thailand's foreign ownership quota, which gives well-located Chiang Mai condos access to Chinese, Myanmar, American, European and other international demand.
At the same time, buyers have a lot to choose from. Large portals currently carry thousands of Chiang Mai condo sale listings, with most concentrated in Mueang Chiang Mai. Portal counts contain duplicates and resale listings, so we should not confuse them with unique vacant units. They are still useful for showing how crowded the competitive set has become.
Older projects, generic one-bedroom units and condos in weaker locations therefore face a much tougher resale environment than a new unit near Nimman, a hospital, a university or a major shopping area.
The useful conclusion is narrower than “Chiang Mai has too many condos.” There is plenty of condo supply, but demand remains good enough in certain central locations to prevent a citywide condo glut.
Get to know the market before buying a property in Chiang Mai
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
Is Chiang Mai's resale market making the oversupply worse?
Yes. Resale homes now give Chiang Mai buyers so many alternatives that developers are competing with far more than other new projects.
During the first half of 2025, Chiang Mai recorded 5,672 residential ownership transfers. Only about 25% were new homes. The other 75% were second-hand properties.
That means roughly three resale homes changed hands for every newly built home.
The trend has since become more important nationally. Kasikorn Research estimated that Thailand had around 590,000 homes waiting for buyers in the first quarter of 2026 when new and second-hand properties were combined. Resale listings had jumped 34% year on year to roughly 240,000 units.
Kasikorn specifically included Chiang Mai among the major provincial markets where accumulated new and resale availability deserves attention.
This changes the competitive landscape. Even when Chiang Mai developers stop launching projects, owners who want to sell, investors exiting old purchases, repossessed assets and older condo stock continue feeding properties into the market.
A developer trying to sell a ฿4 million unit today may therefore be competing with another developer, a five-year-old resale unit, a heavily discounted investor-owned condo and a bank-owned property at the same time.
| Chiang Mai residential transfers | Latest detailed H1 reading |
|---|---|
| Total transfers | 5,672 units |
| YoY change | -10% |
| New-home share | ~25% |
| Resale share | ~75% |
| Approximate resale-to-new ratio | 3:1 |
| Condo transfer volume | -17.5% YoY |
Are Chiang Mai property prices falling because there are too many homes?
Not dramatically, at least not in the published numbers. Chiang Mai's oversupply is showing up more clearly in slow sales and buyer choice than in a citywide price crash.
Total residential transfers in Chiang Mai fell about 10% in the first half of 2025. Their combined value fell 8.9%.
Condos weakened more noticeably. Condo transfer volume fell 17.5%, while transfer value declined 21.9%.
Transactions are clearly under pressure, but those numbers do not mean every Chiang Mai seller has cut the advertised price by 15% or 20%.
Property markets often adjust slowly. Owners can refuse to sell. Developers can give furniture, waive fees or quietly negotiate rather than officially lowering list prices. A project can sit with the same advertised price while the real bargaining power shifts toward buyers.
Current Chiang Mai listings still regularly show condos around the ฿2 million to ฿4 million range and houses around ฿3 million to ฿6 million, depending heavily on location and age. Asking prices alone tell us very little about whether those units actually clear at those numbers.
For buyers today, the more interesting effect of oversupply is leverage. A property that has been sitting for months with several comparable alternatives nearby gives the buyer much more room to negotiate.
Buying real estate in Chiang Mai can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Is weak mortgage lending causing Chiang Mai's property oversupply?
Yes, weak access to mortgages is one of the main reasons Chiang Mai has struggled to clear its inventory.
The Chiang Mai Real Estate Association has repeatedly pointed to household purchasing power and mortgage approval as major constraints on the local market. People may want to buy but still fail a bank's affordability test.
Thailand's broader numbers back that up. REIC's national residential-market index remained weak in early 2026 and specifically cited high household debt and cautious mortgage approval as reasons why developers were slowing new launches and trying to clear existing stock.
Mortgage conditions have improved somewhat. National new housing loans rose 11.1% year on year in the first quarter of 2026, helped by government measures and easier loan-to-value rules. Residential transfers also increased nationally during that quarter.
We still should not assume that a national recovery has already fixed Chiang Mai. The city's latest detailed survey showed weakening sales before the inventory could be cleared, and Chiang Mai's affordable-to-mid-market houses depend heavily on local borrowers.
For property supply, only buyers who can actually close a transaction count. Strong interest on Facebook, portal enquiries or people saying they would like to own a house do not remove units from inventory.
Are people in Chiang Mai renting instead of buying?
Yes. Chiang Mai's rental market is currently healthier than its sales market, especially in central areas.
The Chiang Mai Real Estate Association has reported a visible shift toward renting among households unable or unwilling to obtain mortgages. That helps explain why weak property sales do not mean nobody wants to live in the city.
Rental portals also show a deep active market. FazWaz currently carries well over a thousand Chiang Mai condo rental listings, overwhelmingly concentrated in Mueang Chiang Mai. One-bedroom units make up a large part of the stock, while asking rents in central developments commonly fall somewhere around the mid-teens to low-฿20,000s per month.
Demand comes from several groups at once: local workers, Thai students, foreign students, retirees, remote workers, expatriates and people trying Chiang Mai before deciding whether to stay long term.
That creates an important split. A condo can be fairly easy to rent while still being hard to sell at the owner's preferred price.
For investors, that distinction matters a lot these days. Healthy occupancy does not automatically mean strong resale liquidity.
Don't lose money on your property in Chiang Mai
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
Doesn't Chiang Mai's tourism boom absorb all this property?
No. Chiang Mai's tourism recovery helps rentals and hospitality much more directly than it helps developers sell thousands of homes.
Chiang Mai welcomed roughly 11.5 million visitors in 2024 and generated around ฿104 billion in tourism receipts according to official Thai statistics. Hotel occupancy also moved back above 80% during parts of the following high season.
That is excellent for hotels, serviced apartments, restaurants and short-stay accommodation. It also feeds longer stays from digital workers, repeat visitors and retirees.
Residential sales work differently. Most tourists never become property buyers, and someone staying four nights near the Old City does nothing to clear an unsold townhouse in San Sai.
Tourism still matters indirectly. It supports jobs, improves the local economy and introduces potential foreign residents to Chiang Mai. But using visitor numbers as proof that the residential market cannot be oversupplied confuses two very different types of demand.
We can see that divergence quite clearly today: Chiang Mai can have busy hotels and strong central rental demand while developers still need years to work through residential stock.
Have Chinese buyers stopped supporting Chiang Mai condos?
Chinese buyers are still Chiang Mai's biggest foreign condo group, but their demand has weakened enough to leave a real gap.
REIC data show how dependent Chiang Mai once became on Chinese purchasers. Chinese nationals accounted for 57.6% of foreign condo purchases in the city before the latest slowdown.
In the first half of 2025, their purchases fell 33.5%. Their share of Chiang Mai's foreign condo market slipped to 53.8%.
That is still more than half the market, so talk of Chinese buyers “disappearing” would be wrong. The direction and the size of the decline are what matter.
Other nationalities are growing. Myanmar purchases rose 42.9%, while American purchases increased 23.8%. Chiang Mai is especially attractive to Myanmar families because it combines geographical proximity with schools, hospitals and an established international community.
The newer national numbers remain mixed. REIC recorded 3,241 foreign condo transfers across Thailand in the first quarter of 2026, down 17.3% year on year, with total value down 17.9%.
Foreign demand therefore still protects parts of Chiang Mai's condo market, but the old assumption that Chinese buyers will automatically absorb excess units looks much weaker today.
Get the full checklist for your due diligence in Chiang Mai
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
Can Myanmar and other foreign buyers replace the missing Chinese demand?
Not completely. New foreign demand is helping Chiang Mai condos, but the numbers and property types do not line up well enough to solve the city's wider oversupply.
Myanmar buying can grow 42.9% from a smaller base without matching the number of Chinese purchases lost when the dominant nationality falls by one-third.
Foreign demand is also concentrated in condos and higher-end housing arrangements. It does relatively little for the ordinary suburban townhouses and detached houses where local mortgage affordability matters most.
This explains why the market can send apparently contradictory messages. Agents dealing with foreign buyers around Nimman may see healthy enquiries. Developers trying to move ฿3 million townhouses on the metropolitan fringe can see something completely different.
American, European and Myanmar demand broadens the market and makes Chiang Mai less dependent on one nationality. That is a real improvement.
For now, though, foreign diversification is cushioning the oversupply rather than clearing it.
Where is Chiang Mai property most oversupplied?
Chiang Mai's clearest oversupply is on the suburban fringe, where large low-rise projects have created much deeper inventories than the central-city condo market.
San Sai is the standout example. REIC identified the district as the largest concentration of unsold property across the five northern provinces in its second-half 2024 survey, with roughly 2,350 units remaining.
Older REIC surveys also repeatedly highlighted areas such as San Sai, Bo Sang-Doi Saket and Saraphi among the main inventory concentrations in northern Thailand.
There is a simple physical reason. Developers can assemble much larger land parcels outside central Chiang Mai, so those districts naturally produce hundreds of detached houses and townhouses at a time.
Central Chiang Mai behaves differently. Nimman, Suthep, Chang Khlan and neighborhoods near hospitals, universities and shopping centers have stronger concentrations of renters and foreigners. Desirable land is also harder to reproduce.
This is why two people can give completely opposite descriptions of Chiang Mai property and both sound convincing. Finding a good rental condo around Nimman on short notice can feel competitive. Trying to sell a generic suburban house can feel painfully slow.
The citywide oversupply is real, but geography determines how much an owner actually feels it.
Don't sign a document you don't understand in Chiang Mai
Buying a property over there? We have reviewed all the documents you need to know. Stay out of trouble - grab our comprehensive guide.
Are big new Chiang Mai condo projects making the problem worse?
Some large projects are adding competition, although today's development pipeline is far more restrained than it was during stronger cycles.
Chiang Mai still has sizeable modern developments. THE BASE Height-Chiang Mai has about 630 units. Arise Charoen Mueang has roughly 469. Arise Hill in San Sai has around 368, while projects such as The Ivory add another couple of hundred units.
Those four examples alone represent close to 1,700 units across different completion periods.
That sounds alarming until we compare it with the actual launch data. Only 156 new condo units were launched in Chiang Mai during the first half of 2025, 52.6% fewer than a year earlier.
So individual big projects can absolutely make a particular neighborhood harder to sell into, especially when they arrive beside older resale buildings. But Chiang Mai currently lacks the broad wave of launches we would expect during a speculative condo boom.
The greater risk is local saturation. A new 300- or 500-unit project entering an area with several older buildings can pressure rents, resale times and incentives even if citywide construction remains low.
| Example Chiang Mai condo project | Area | Approx. units | Recent status |
|---|---|---|---|
| THE BASE Height-Chiang Mai | Wat Ket | 630 | Completed |
| Arise Charoen Mueang | Tha Sala | 469 | Completed |
| Arise Hill | San Sai Noi | 368 | Under construction / recent pipeline |
| The Ivory | Chang Phueak | 231 | New-project market |
| Combined examples | Multiple areas | ~1,698 | Different delivery periods |
Is Chiang Mai's property oversupply getting better now?
There are early signs of a correction, but we do not yet have enough Chiang Mai-specific evidence to say the excess inventory has been cleared.
The best improvement is on the supply side. Developers have already cut Chiang Mai launches by two-thirds, and the retreat has continued across Thailand.
REIC's latest national figures show residential construction permits falling 50.2% year on year in the first quarter of 2026. Condo construction permits were down 71.3%. The agency's national residential-market index was also 1.3% below the previous year and 5.1% lower than the previous quarter, with REIC saying developers were holding back launches and focusing on existing inventory.
Demand has improved nationally. Residential transfers rose 11.2% year on year in the first quarter of 2026, while new mortgage lending rose 11.1%.
That is encouraging for Chiang Mai, but it is not yet proof that the city's backlog has disappeared. REIC's latest publicly detailed Chiang Mai project survey still showed 9,759 unsold units and a rising stock burden.
Developers have already made the supply adjustment. What we now need to see is sustained improvement in Chiang Mai sales, not simply fewer new projects.
If demand improves while developers keep launches low, the excess can gradually shrink. Chiang Mai has strong enough long-term demand drivers for that scenario to be realistic: tourism, universities, hospitals, retirement migration, foreign residents and airport expansion all support future housing use.
Today, though, we are still waiting for evidence that those forces are absorbing homes faster than sellers are adding them.
Get fresh and reliable information about the market in Chiang Mai
Don't base significant investment decisions on outdated data. Get updated and accurate information.
What would convince us that Chiang Mai is no longer oversupplied?
Chiang Mai stops looking oversupplied once existing inventory clearly starts falling and homes begin selling materially faster.
The first number to watch is the stock left in developer projects. The latest detailed Chiang Mai count was 9,759 units, up 4.3%. A meaningful year-on-year decline would be the clearest sign that buyers are finally removing more property than developers are adding.
The second test is sales. Chiang Mai project sales were down 13.4%, with housing estates particularly weak. A genuine recovery needs to reach those ordinary low-rise projects rather than being limited to a few foreign-friendly condo developments.
Resale competition is another important test. When roughly three out of every four Chiang Mai residential transfers involve second-hand property, developers have to fight a huge parallel market. If new projects begin regaining share while total transactions also rise, the market would look healthier.
We would also want the improvement to survive without unusually large discounts, fee waivers or giveaways. Selling more homes by cutting the effective price aggressively can clear inventory, but it also tells us that the market was previously overpriced for available demand.
| What we would watch | Current reading | What would look healthier |
|---|---|---|
| Remaining Chiang Mai project stock | 9,759 units | Sustained decline |
| New project sales | -13.4% YoY | Consistent growth |
| Housing-estate sales | -18.9% YoY | Return to growth |
| Resale share of transfers | ~75% | New homes regain some share |
| New launches | Already sharply lower | Stay disciplined |
| Buyer incentives | Common in a slow market | Less discounting needed |
So is Chiang Mai property becoming oversupplied?
Yes. Chiang Mai already has an oversupply problem today, especially in low-rise suburban housing and older or less differentiated stock.
The case does not depend on one dramatic headline. Nearly 9,800 developer units remained unsold in REIC's detailed Chiang Mai survey. That stock had increased even though project sales were falling and developers had cut new launches by 66.2%.
The weakness is not evenly spread. Housing-estate sales dropped almost 19%, while condo project sales were roughly flat. San Sai and other suburban districts carry much deeper low-rise inventories than the most desirable central neighborhoods. Three-quarters of Chiang Mai's residential transfers were also resales, giving buyers a huge pool of alternatives outside new projects.
Recent evidence has not overturned that conclusion. Developers across Thailand are still cutting permits and new supply aggressively in 2026, while REIC continues to describe unsold inventory and weak household purchasing power as major problems. Chiang Mai's next detailed survey may eventually show that the correction is working, but we do not have that evidence yet.
The good news is that developers have reacted. They are launching far less, foreign buyers still support selected condos, rental demand remains active and Chiang Mai continues to attract tourists, students, retirees and long-stay residents.
That should eventually help the city digest the backlog.
For buyers, however, the current market already offers the main feature of oversupply: plenty of choice and relatively weak seller leverage. For owners trying to resell ordinary property, especially outside the strongest central locations, the same conditions are much less comfortable.
So the answer is fairly clear. Chiang Mai property has more supply than today's buyer pool can comfortably absorb, and the city is still working through that excess.
Get to know the market before buying a property in Chiang Mai
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
OUR METHODOLOGY
Whether Chiang Mai property is becoming oversupplied is not a question we wanted to answer from listings, construction activity or general market sentiment alone. Different parts of Chiang Mai can look completely different at the same time, so we broke the question into the dimensions that actually determine whether supply is outrunning demand: remaining developer inventory, sales, absorption, new launches, resale competition, property type, geography, mortgage access, foreign demand and rental conditions.
We gave the most weight to evidence that directly shows whether homes are clearing the market. Remaining inventory, project sales, monthly absorption and estimated sell-through therefore mattered more to the conclusion than individual project launches, portal listing counts or broad statements about tourism and population demand.
Chiang Mai-specific figures were prioritized wherever available, particularly REIC project surveys and residential transfer data. Northern Thailand figures were used when they helped explain the composition or location of unsold stock, but we did not treat five-province regional numbers as if they were Chiang Mai-only data. National figures were mainly used to check whether more recent changes in construction, mortgages and transactions were consistent with the local picture.
We also kept developer inventory and resale supply conceptually separate. They are measured differently and should not be added together casually, but they compete for many of the same buyers. That distinction matters in Chiang Mai because roughly three-quarters of residential transfers in the latest detailed period involved second-hand property.
Property type and location were treated separately as well. Central condos exposed to renters and foreign buyers can behave very differently from low-rise housing estates on the metropolitan fringe. Regional unsold-stock data were therefore checked against Chiang Mai's own condo and housing-estate sales trends before we used them to support a broader conclusion.
Property portals were used for live-market context rather than as official inventory counts. Listing pages help show how much choice a buyer or renter encounters today and where that choice is concentrated, but they can contain resale properties, duplicate listings and the same unit marketed by several agents.
The conclusion ultimately comes from the convergence of several recent observations rather than one threshold. Chiang Mai's remaining developer stock increased, project sales weakened, absorption slowed, estimated clearance time lengthened and resale competition remained heavy even while developers sharply reduced new launches. That combination is much stronger evidence of oversupply than any one of those figures on its own.
Key sources include REIC's H1 2025 northern Thailand housing-market release, REIC's detailed H1 2025 northern-market report, REIC's Chiang Mai market slowdown and inventory coverage, REIC's H2 2024 northern housing-market release, REIC's Q1 2026 national residential-market data, REIC's Q1 2026 foreign condominium transfer data, Kasikorn Research Center on accumulated new and second-hand housing supply, the Bank of Thailand on temporary housing LTV relaxation, the Department of Lands on foreign condominium ownership, and FazWaz's Chiang Mai condo listings and rental listings for live-market context.
Buying real estate in Chiang Mai can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Related blog posts
- What taxes and fees do you pay when buying property in Chiang Mai?
- How is the property market in Chiang Mai doing now?
- What are the best areas to buy property in Chiang Mai?
- Are Chiang Mai condo prices about to fall?
