House prices in Thailand have risen over the last couple of years as more people seek to reside in Thailand. The Thai population is growing, and foreigners are moving to Thailand for work, to live, or to buy a second holiday home in the Southeast Asian country. We’ve researched real estate data in Thailand and share the average property and house prices in Thailand with you.
How much does a house cost in Thailand?
The average cost of a house in Thailand ranges from ฿ 3.64 million ($101,892) to ฿ 5.09 million ($142,649), with an average of ฿ 144,832 ($4,055) per square meter. However, the house prices in Thailand differ and depend on the location, size, materials, property type, and several other factors.
Overview of the house prices in Thailand per city/region
Foreigners seeking to buy property in Thailand have many cities and areas to choose from. The house prices in Thailand differ per city. You find an overview of the property prices in Thailand’s most famous cities and places to buy property.
House prices in Bangkok
Bangkok is Thailand’s bustling capital city and even the most visited city in the world. Many foreigners are attracted to Bangkok to work as an expat or digital nomad, for holidays, to retire, or to invest in real estate. The high demand for housing in Bangkok can make it an ideal city for real estate investment in Thailand.
The average house price in Bangkok is ฿ 14.95 million ($418,590), with an average cost of ฿ 57,960 ($1,623) per square meter and an annual growth of 29.5% over the last year. For a condo in Bangkok, you pay an average price of ฿ 7.01 million ($196,225) and ฿ 134,820 ($3,775) per square meter, with an annual growth of 5% over last year. Commercial buildings in Bangkok cost an average of ฿ 13.42 million ($375,749) and ฿ 41,745 ($1,169) per square meter, with a yearly increase of 7% over the previous year.
You find a full overview of all property prices in Bangkok in the table below.
| Type | Median price | Median price/m2 | Annual growth | Median rent price |
|---|---|---|---|---|
| Condo | ฿ 7.01 million ($196,225) | ฿ 134,820 ($3,775) | + 5% | ฿ 31,555 ($884) |
| House | ฿ 14.95 million ($418,590) | ฿ 57,960 ($1,623) | + 29.5% | ฿ 84,490 ($2,366) |
| Townhouse | ฿ 4.02 million ($112,581) | ฿ 30,705 ($860) | + 1% | ฿ 34,600 ($969) |
| Land | ฿ 26.01 million ($728,387) | ฿ 82,450 ($2,309) | + 48% | ฿ 50,850 ($1,424) |
| Commercial | ฿ 13.42 million ($375,749) | ฿ 41,745 ($1,169) | + 7% | ฿ 79,000 ($2,212) |
| Apartment | ฿ 16.83 million ($471,213) | ฿ 108,720 ($3,044) | + 38% | ฿ 69,610 ($1,949) |
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House prices in Phuket
Many dream of buying a holiday home in Phuket to reside the whole or a part of the year, while others are attracted to Phuket because of its potential for property investment. As the number of tourists that visit Phuket keeps rising, the island is an ideal location to buy property as an investment.
The average house price in Phuket is ฿ 19.12 million ($535,393), with an average cost of ฿ 61,300 ($1,716) per square meter and a decreasing growth of 0.5% over the last year. For a condo in Phuket, you pay an average price of ฿ 6.08 million ($170,135) and ฿ 96,285 ($2,696) per square meter, with an annual decreasing growth of 1% over last year. Commercial buildings in Phuket cost an average of ฿ 13.97 million ($391,119) and ฿ 38,675 ($1,083) per square meter, with a decrease in value of 42.5% over the previous year.
You find a complete overview of all property prices in Phuket in the table below.
| Type | Median price | Median price/m2 | Annual growth | Median rent price |
|---|---|---|---|---|
| Condo | ฿ 6.08 million ($170,135) | ฿ 96,285 ($2,696) | – 1% | ฿ 45,835 ($1,283) |
| House | ฿ 19.12 million ($535,393) | ฿ 61,300 ($1,716) | – 0.5% | ฿ 94,000 ($2,632) |
| Townhouse | ฿ 3.72 million ($104,076) | ฿ 31,909 ($893) | – 20% | ฿ 46,825 ($1,311) |
| Land | ฿ 33.82 million ($946,997) | ฿ 36,404 ($1,019) | + 30% | ฿ 20,000 ($560) |
| Commercial | ฿ 13.97 million ($391,119) | ฿ 38,675 ($1,083) | – 42.5% | ฿ 45,770 ($1,282) |
| Apartment | ฿ 9.28 million ($259,928) | ฿ 95,335 ($2,669) | + 38% | ฿ 45,485 ($1,274) |
House prices in Chiang Mai
In northern Thailand, Chiang Mai has emerged as a popular destination for tourists, expats, digital nomads, retirees, and property investors. The city is unique and can’t be compared to other Thai cities like Bangkok, Phuket, or Pattaya. As many foreigners seek to stay in Chiang Mai long-term to work or short-term as a tourist, the city can be a perfect location for property investment and an ideal place for a holiday home.
The average house price in Chiang Mai is ฿ 5.31 million ($148,546), with an average cost of ฿ 25,390 ($711) per square meter and annual growth of -0.5% over the last year. For a condo in Chiang Mai, you pay an average price of ฿ 276,410 ($7,739) and currency per square meter, with an annual growth of 12% over last year. Commercial buildings in Chiang Mai cost an average of ฿ 10.72 million ($300,270) and ฿ 32,090 ($899) per square meter, with a yearly growth of -3.5% over the previous year.
You find a complete overview of all property prices in Chiang Mai in the table below.
| Type | Median price | Median price/m2 | Annual growth | Median rent price |
|---|---|---|---|---|
| Condo | ฿ 2.76 million ($77,395) | ฿ 60,470 ($1,693) | + 12% | ฿ 15,620 ($437) |
| House | ฿ 5.31 million ($148,546) | ฿ 25,390 ($711) | – 0.5% | ฿ 25,090 ($703) |
| Townhouse | ฿ 2.79 million ($78,071) | ฿ 22,050 ($617) | + 11% | ฿ 18,135 ($508) |
| Land | ฿ 6.43 million ($180,136) | ฿ 11,215 ($314) | + 30.5% | ฿ 31,880 ($893) |
| Commercial | ฿ 10.72 million ($300,270) | ฿ 32,090 ($899) | – 3.5% | ฿ 44,025 ($1,233) |
| Apartment | ฿ 13.08 million ($366,191) | ฿ 27,590 ($773) | + 75% | ฿ 21,360 ($598) |
House prices in Pattaya
Millions of tourists visit Pattaya every year, making it one of the most popular cities for tourists in Thailand. The city has many restaurants, bars, and beautiful beaches, making it the perfect holiday destination for many. Because of that, Pattaya has attracted many foreigners who have wanted to buy a house in Thailand for decades.
The average house price in Pattaya is ฿ 9.32 million ($260,984), with an average cost of ฿ 37,343 ($1,046) per square meter and an annual growth of -3.5% over the last year. For a condo in Pattaya, you pay an average price of ฿ 3.77 million ($105,698) and ฿ 70,628 ($1,978) per square meter, with an annual growth of 4.5% over last year. Commercial buildings in Pattaya cost an average of ฿ 29.42 million ($823,767) and ฿ 42,535 ($1,191) per square meter, with a yearly increase of 58.5% over the previous year.
You find a complete overview of all property prices in Pattaya in the table below.
| Type | Median price | Median price/m2 | Annual growth | Median rent price |
|---|---|---|---|---|
| Condo | ฿ 3.77 million ($105,698) | ฿ 70,628 ($1,978) | + 4.5% | ฿ 22,564 ($632) |
| House | ฿ 9.32 million ($260,984) | ฿ 37,343 ($1,046) | – 3.5% | ฿ 49,243 ($1,379) |
| Townhouse | ฿ 2.52 million ($70,482) | ฿ 22,145 ($620) | + 0.5% | ฿ 18,055 ($506) |
| Land | ฿ 17.16 million ($480,383) | ฿ 22,424 ($628) | + 19% | – |
| Commercial | ฿ 29.42 million ($823,767) | ฿ 42,535 ($1,191) | + 58.5% | ฿ 119,998 ($3,360) |
| Apartment | ฿ 3.22 million ($90,128) | ฿ 53,652 ($1,502) | + 2.5% | ฿ 25,459 ($713) |
House prices in Koh Samui
Owning a house on the beautiful island of Koh Samui is a dream many people have. The tropical island attracts many tourists and expats, making the island an ideal location for real estate investment in Thailand. Koh Samui can be the perfect place to rent out property or to reside for a part of the year in your holiday home.
The average house price in Koh Samui is ฿ 18.47 million ($517,024), with an average cost of ฿ 57,426 ($1,608) per square meter and an annual growth of 8% over the last year. For a condo in Koh Samui, you pay an average price of ฿ 3.88 million ($108,722) and ฿ 61,880 ($1,733) per square meter, with an annual growth of -22% over last year. Commercial buildings in Koh Samui cost an average of ฿ 18.21 million ($509,876) and ฿ 25,907 ($725) per square meter, with a yearly increase of -15% over the previous year.
You find a complete overview of all property prices in Koh Samui in the table below.
| Type | Median price | Median price/m2 | Annual growth | Median rent price |
|---|---|---|---|---|
| Condo | ฿ 3.88 million ($108,722) | ฿ 61,880 ($1,733) | – 22% | ฿ 33,724 ($944) |
| House | ฿ 18.47 million ($517,024) | ฿ 57,426 ($1,608) | + 8% | ฿ 106,540 ($2,983) |
| Townhouse | ฿ 5.28 million ($147,900) | ฿ 31,460 ($881) | + 1.5% | ฿ 29,459 ($825) |
| Land | ฿ 7.82 million ($219,081) | ฿ 18,684 ($523) | – 21% | – |
| Commercial | ฿ 18.21 million ($509,876) | ฿ 25,907 ($725) | – 15% | – |
| Apartment | ฿ 7.45 million ($208,477) | ฿ 58,812 ($1,647) | + 5% | ฿ 35,557 ($996) |
Other costs to consider when buying property in Thailand
House prices in Thailand are, without a doubt, the major expense when buying property in Thailand. However, there are several other costs to consider, including:
- Transfer fee: Property buyers must pay a transfer fee of 2% on the property’s registered value.
- Agent’s fee: When using the services of a real estate agent or legal agent, an agent’s fee is paid. Depending on the agent or agency, this can be a percentual or fixed fee.
How can foreigners buy a house in Thailand?
Foreigners can’t buy land in Thailand, as the Thai government doesn’t allow foreign land ownership unless a foreigner decides to invest ฿ 60 million ($1.68 million) to buy 1 Rai of land (1600 m2). However, there are a few other ways foreigners can buy a house in Thailand:
- House leasehold: Foreigners can acquire a house or land in Thailand through a leasehold agreement, mostly valid for 30 years.
- Buying freehold condominium: Foreigners can buy a freehold condominium or apartment, making them the official owner of the property.
- Buying or building a house on leased land: Although foreigners can’t buy land, they can buy and own a construction. Because of that, foreigners can develop their property on land they acquired through a leasehold agreement.
- Thai Limited Company: Foreigners can buy property in Thailand through a Thai Limited Company, which can be foreign-owned.
Buy property in Thailand with Own Property Abroad
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Frequently Asked Questions (FAQs)
What is the average price of a house in Thailand?
The average price of a house in Thailand is between ฿ 3.64 million ($101,892) to ฿ 5.09 million ($142,649). The average price of a home in Thailand is ฿ 144,832 ($4,055) per square meter. These are the average house prices, and in reality, Thai house prices differ depending on the location, size, property type, and amenities.
Is Thailand cheap to buy a house?
Thailand is considered a cheap place to buy a house compared to many Western countries. However, the house price in Thailand differs depending on the location. You find the most expensive condominiums and homes in Bangkok, where the average cost for a house is ฿ 57,960 ($1,623) per square meter.
What is the cheapest place in Thailand to buy a house?
Chiang Mai, Koh Samui, Khao Sok, and Koh Phangan are considered the cheapest places in Thailand to buy a house. Although they are considered cheap, some houses are still expensive, depending on the area, amenities, and location.
