property in Thailand is not as cheap as imagined. In Chiang Mai, property is amazingly high considering the average monthly wage. The building we are trying to purchase was originally selling for over $200,000 but has been reduced to $165,000 because of COVID and a glut of properties on the market. While this still seems high, similar properties are selling for 200,000-300,000 dollars. When looking for a potential lot/building, we were frustrated because fo the very high costs. An empty of similar size lot across the street (within 1/2 kilometer of our proposed property) sold over over $300,000 a few years ago. So as you can see, this property is a great deal!
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