In Chiang Mai, the largest city in the north of Thailand, there is an increase in real estate sales to foreigners from Europe and Asia. Both condominiums and low-rise projects are popular.
Chiang Mai Province shows a trend towards constant expansion in the real estate sector of both residential and commercial projects. Tourism is well developed in the region, and this area stimulates the economy well. There is a growing demand for housing from foreigners, more and more people are seeking to invest in real estate in this region. This is stimulated by such public policy measures as lowering taxes on land and construction.
In Chiang Mai, real estate developers are trying to meet the needs of both middle-income and high-income customers by offering them housing of different segments. Almost every unit of real estate is distinguished by its functional design, thoughtful layouts, and the use of innovative strategies in construction. The Chiang Mai real estate market is visited by large developers who see prospects in it. This area is progressing, developers are trying to meet the demand among foreigners.