The infrastructure for property in Chiang Mai is fairly well developed and reasonably sophisticated by Thailand's standards. Real estate agents are numerous and most speak English since there is a robust demand from foreigners making a home in the city. You should have no problem finding a competent agent capable of finding you a broad range of choices to suit expat tastes. Chiang Mai's property industry has been booming since 2011, and comprises of numerous housing estate developments for the local middle class, condo developments that have proliferated to cater for foreign ownership, and a noticeable rise in commercial property (shophouses). Tracking this growth has been the appearance of many more real estate agents in Chiang Mai, they range from one-women-bands to well established companies with several branches and a large portfolio of properties, such a Chiang Mai Properties on Chan Klan road. These agents play a crucial role in helping newly retired foreigners navigate the opaque legal process and ensure that ownership security and seamless transaction is guaranteed. This is perhaps the single most important factor in choosing a realtor that has reputation for competency among the expat community, and it's worth relying on a network such as the Chiang Mai Expats Club for recommendations. In this respect, a company with foreign management and access to their own trusted lawyers, such as Century 21, offers peace of mind. They have consultants capable of giving you an accurate and reliable overview of valuations, trends, safe neighbourhoods and so on. A crucial aspect to Chiang Mai property is freehold land and houses, which are numerous and good value and quasi-owned by many foreigners via their spouse.
Realtors in Chiang MaiA characteristic of this provincial city is that many individuals freelance as property agents, keeping their ears to the ground on buyers or sellers and acting as â€˜introducersâ€™. They may be useful in finding you a hidden gem, but be sure to work through a professional agent before putting any deposits down. They will sell you anything, so research the condo building or contract of lease through a third party first. In Chiang Mai, real estate agents are easy to find and prove helpful in settling in, including furnishing, organising of tenantsâ€™ association meetings, and leasing. A lot of foreigners buy several condos for investment, then leave them in the hands of a local agent while absent for part of the year. Generally the agents are adept at property management but your expectations for slick professionalism should be tempered, as the standard is certainly lower than in Bangkok or Phuket.