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Learn more about the Krabi house market through trends and average prices.
Located in the Southern region of Thailand, Krabi Province is an increasingly popular destination for both tourists and expats. The province boasts a tropical climate with temperatures ranging from 27°C to 36°C (80°F to 95°F), offering comfortable living conditions year-round. Known for its beautiful beaches, islands, and water sports such as scuba diving, snorkeling, and kayaking, there are plenty of recreational opportunities available.
The cost of living in Krabi is generally lower than in major cities like Bangkok and popular tourist destinations such as Phuket and Koh Samui. A single person can live comfortably for around $1,413 per month, while a family’s cost averages around $2,513 per month. The median list price for houses in Krabi is about $205,645, with condos priced at an average of $110,283. For those looking to rent, the average monthly cost is around $549. If you're interested in buying or renting property in Krabi, check out our real estate listings.
Connectivity is good in Krabi, thanks to the Krabi International Airport that provides direct flights to various domestic and international destinations. Alternatively, the Phuket International Airport is just a 2.5-hour drive away.
The expat community, while not as large as in other regions, is growing. Particularly, the Ao Nang area has seen a surge in expats due to its proximity to the beach, its vibrant nightlife, and the presence of several international schools. Join the Krabi Expats Facebook Group or participate in local clubs and events to integrate into the community.
If you own a property in Krabi and are considering selling or renting it, don't hesitate to list with us on KaibanThai for maximum exposure and expert advice.
Buying a house in Krabi, Thailand can provide some options for foreigners seeking to reside in the country. However, it's essential to understand that purchasing real estate does not automatically grant a residence permit or long-term visa. Instead, foreign property owners must apply separately for resident status, typically upon retirement, for employment, or under programs like the "Thailand Elite Residence Program".
The Thailand Elite Residence Program, for instance, allows foreign nationals to reside in Thailand for 5, 10, or even 20 years. This program offers the flexibility of entering the country an unlimited number of times and enjoying various privileges. The application fee for the program ranges between 500,000 and 2 million Thai Baht.
In some cases, Thai developers offer bonuses or assistance to foreigners to facilitate the application process for a residence permit, making the journey of settling in Thailand a bit smoother. Therefore, while buying property doesn't directly provide residence status, it can pave the way towards securing one.
To navigate these complexities and understand the best route for you, it's advisable to seek expert advice. Visit our advice page for more information or contact us directly for personalized guidance on your real estate and residency journey in Thailand.
Understanding the property ownership laws in Thailand is crucial for foreigners considering buying a property in Krabi. According to Thai law, a house can be owned separately from the land on which it stands. This means that the house and the land can have different owners, which is often the case with long-term lease constructions.
To legally own the house separate from the land, the transfer must be registered in writing with the competent authority, typically the Land Department's branch or provincial office. The right to own a building on another person's land is tied to the term and right to use and possess the land. This is typically determined by the term of the land lease and/or the right of superficies term.
A Ta.Bian.Baan or Tabien Baan is a house book issued by the local municipality in Thailand. It registers the address of a house or apartment unit and states who legally resides there. While it is considered an important document for Thai nationals, it's typically not as important for foreigners.
Under the Land Code Act, land ownership in Thailand is strictly regulated. Only Thai nationals are permitted to own land, while foreigners may not own land unless a treaty or exemption allows it (Section 86). However, foreigners are not precluded from owning the buildings that sit on the land, which provides some opportunities for foreign property ownership.
If you're considering renting a property in Krabi, check out our rental listings. For more information on Thai property laws and how they apply to foreigners, we recommend seeking professional advice.
As of 2023, the housing market in Krabi, Thailand presents an attractive opportunity for expat homebuyers and investors. The median sales price for a house in Krabi is ฿8,630,000, while the median price per square meter stands at ฿51,200. With a total of 83 houses currently available for sale in Krabi, the market offers a variety of options to choose from.
Some notable properties include the 3-bedroom Villa Anastasia in Ao Nang, the 6-bedroom Malee Beach Villas in Sala Dan, and the 4-bedroom villa in Ao Nang. Each of these properties offer unique features and advantages, catering to different investor preferences.
If you're considering financing your house purchase, it's important to understand your potential monthly obligations. For instance, if you purchase a property priced at ฿7,900,000 with a down payment of 20% (฿1,580,000), an interest rate of 5%, and a loan term of 30 years, your estimated monthly loan payment would be approximately ฿33,928.
Understanding these financial metrics and their implications on your investment decision is crucial. For more detailed financial advice or property recommendations, don't hesitate to contact us.
Krabi, an enchanting destination in Thailand, is renowned for its captivating natural beauty. From its stunning beaches and picturesque islands to its impressive coral reef vistas, Krabi is a paradise for nature lovers and adventure seekers alike.
A highlight of Krabi is undoubtedly its underwater world. The city's vibrant coral reefs are among the most beautiful on the planet, making it a top destination for diving enthusiasts. Yet, the attractions of Krabi extend beyond its crystalline waters. With hot springs, a wildlife sanctuary, and intriguing sea caves, Krabi is an oasis of natural wonders waiting to be explored.
For those who prefer an adrenaline rush, Krabi's limestone cliffs attract rock climbing enthusiasts from all corners of the globe. Not to mention, the region's national parks are home to the idyllic islands of Koh Phi Phi and Koh Lanta. These paradisiacal retreats promise serene beaches and abundant marine life, ensuring an unforgettable visit.
Krabi is also known for its breathtaking sunsets, which are best enjoyed from a beachside bar or restaurant. These stunning evening displays, often accompanied by dramatic cloud-to-cloud lightning, add an extra touch of magic to the Krabi experience.
Ao Nang, the town that many visitors consider the heart of Krabi, offers a blend of local charm and modern conveniences. With its plethora of guesthouses, hotels, bars, restaurants, and souvenir shops, Ao Nang caters to every traveler's needs. It also serves as the primary launching point for boat trips to nearby islands and isolated beaches, including the iconic Railey Beach.
In short, the fame of Krabi lies in its diverse attractions and its ability to cater to a wide range of interests. Whether you're an adventurer, a nature lover, or someone seeking a peaceful escape, Krabi is sure to exceed your expectations.