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Chiang Mai Real Estate
Thailand restricts foreign ownership of real property in the Kingdom although it is allowed in a few limited cases. A house or other property may be purchased by a legally registered business the foreigner has an investment in (limited to 39%) if that business has proof of investment of more than 40 million Baht. More common is the purchase of a condominium unit which is allowed if foreigners own no more than 40% of the units. Many condominium developers actively market to "Farangs" and a sizable number of long term foreign national residents own condo units in Chiang Mai and elsewhere in Thailand.For single family residences there are other options available. One way of securing a long term home in Chiang Mai has been for a Farang to assist a spouse or other nominee in purchasing a house or building plot. In many cases the investment is secured by arranging a 30 year renewable lease with the owner of record. To make an arrangement like this, the advice and services of a good local attorney are a must. Although property prices tend to be lower in Chiang Mai than in Bangkok and often considerably lower than in most western countries, inflationary pressures are making it harder to find the type of bargains that were rumored just a few years ago. Still, the cost of housing, the generally lower cost of living in the North of Thailand and the quality of life makes Chiang Mai an attractive destination for retirement or long holidays. 
Test drive the location.If you are thinking of a home purchase or building project it's never a good idea to make a spur of the moment decision. Get to know the area and spend some time getting to know the good points and bad points. Does it have enough to do to keep you happy? How long does it take to get to the airport or shopping or golf? Can you imagine living here? In the current slow real estate market most home sellers are happy to lease a house for six months or a year which will allow you time to make a good decision. The houses shown on this page (and units in the condominium tower) are all available for either rent or sale at the time of this writing.
I first met Kuhn Nuch (short for Oranuch and pronounced "Noot") six years ago and was impressed with her friendly, professional way of working. If you want information and to view currently available properties at no cost or would first like to arrange a tour of the area (750 Baht for a half-day or 1,000 Baht for a full day) get in touch with her by completing the form at the bottom of this page or contact her by telephone at 081-746-7555.
In the interest of full disclosure I should mention that I liked her so much that I Return from Chiang Mai Real Estate to Easy Chiang Mai Home Page
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