When I arrived in Chiang Mai, I felt very comfortable and at home. I walked about with ease and with the familiarity of a local. Have you been to one of those place where you just fall in line without any hindrances? This was one of those times for me. Then I tasted the food, and that sealed the deal for me. I completely fell in love. I am a true foodie so the divine cuisine that I found here made me not want to ever leave. Just the fried fish with chili sauce alone was enough for me to stay. I am from the American South, and we pride ourselves in making amazing fried anything, but I must admit, the fried food in Thailand was on another level.
Beyond the food, Thailand is also known for its tropical beaches, opulent royal palaces and ornate temples. They also have wonderful exotic wildlife that keeps tourists flocking to this beautiful country. According to the Tourism Authority of Thailand, more than 35 million tourists visited Thailand in 2017. This makes Thailand a very attractive country for investing.
In tourist areas the return on investment (ROI) for short-term rentals is 12%. If you do your research and choose the right property in the right location, making a strong ROI should not be a problem. Choose a desirable location that has great long-term viability, is attractive and will sell easily. Be sure to purchase the property at the lowest possible price, and always make sure the property is well-maintained because you never know when you might want to divest and move on.
Chiang Mai, Thailand
- Super low cost of living
- Great weather
- Rich history
- Distinct culture
- Huge multi-national grocery & departments stores