BANGKOK, Thailand – Chiang Mai’s property market is showing signs of renewed interest as some Bangkok residents consider relocating to escape flooding, with the northern city attracting attention for its natural surroundings, range of housing options and potential as a long-term place to live.
According to the Chiang Mai Real Estate Association, this year’s flooding in Bangkok has prompted some people with sufficient purchasing power to explore homes in locations considered less vulnerable to flooding. Chiang Mai has emerged as one option, offering land, houses and condominiums across a range of locations and price levels.
The association also highlighted the structural safety of Chiang Mai’s high-rise buildings, which are designed to withstand earthquakes. However, prospective buyers have been advised to consult local residents and assess individual neighborhoods carefully, as some areas face flash-flood risks. Other challenges include limited public transport coverage and seasonal PM2.5 air pollution, which can affect daily life and health.
Dr Wasin Lertkiatdamrong, who represents one of Chiang Mai’s major construction companies, said land, house and condominium prices had risen in some locations. Building material costs had also increased amid the continuing Middle East conflict and labor shortages. Despite these pressures, Wasin said Chiang Mai continued to offer strong potential as a place to live and build a lifestyle.
The renewed interest highlights how flooding in Bangkok may influence residential choices, although buyers will need to weigh Chiang Mai’s attractions against its own environmental and infrastructure challenges. (TNA)
