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Learn more about the Krabi property market through trends and average prices.
Krabi, a magnificent province nestled along Thailand's southern coast, offers a harmonious blend of natural beauty, rich history, and a charming way of life. This coastal jewel, marked by the turquoise Andaman Sea, is bordered by Phangnga, Surat Thani, Trang, and the Andaman Sea.
Krabi's breathtaking landscape is generously dotted with stunning natural attractions including sandy beaches, tranquil seashores, fascinating islands, cascading waterfalls, and mysterious caves. These attractions have established Krabi as one of the world's most popular tourist destinations.
Krabi is divided into eight diverse districts, each offering a unique experience. These include Mueang Krabi, Plai Phraya, Khlong Thom, Ko Lanta, Lam Thap, Nuea Khlong, and Khao Phanom. Each district is rich in natural beauty and offers a glimpse into the local lifestyle that is deeply rooted in agriculture.
Krabi's beauty is amplified by natural attractions such as Nopparat Thara Beach, Ko Phi Phi, Khao Phanom Bencha National Park, Ko Lanta, Khao Khanab Nam, Railay Beach, Ko Hong, Ao Nang Beach, Maya Bay, Tha Pom Khlong Song Nam Krabi, and Emerald Pool.
Whether you prefer a buzzing atmosphere or a less crowded setting, Krabi has got you covered. While the pristine coastlines of Krabi are well-known, the more remote corners of the province hold their unique allure.
Considering the popularity and the lifestyle Krabi offers, investing in a property here could be a great decision. Whether you are looking for a property for sale in Krabi or a condo for sale in Bangkok, Kaibaanthai can guide you through the process.
Living in Krabi means waking up to the view of Thailand's largest island, enjoying the pristine coastlines, and immersing yourself in the tranquil atmosphere. So, if you're looking for an idyllic place to live, visit, or invest in, Krabi should be at the top of your list.
Krabi Province, located on the west coast of southern Thailand, continues to be a captivating destination in 2023, attracting global visitors with its unique blend of natural beauty and rich cultural heritage. Its capital, Krabi town, is situated at the mouth of the Krabi River, which flows into the stunning Phang Nga Bay.
Famed for its breathtaking beaches, islands, and coral reefs, Krabi offers a scenic paradise that rivals the world's most picturesque locations. Its coral diving spots provide some of the most visually stunning underwater views globally, drawing divers from every corner of the earth.
More than just beachfront beauty, Krabi offers a diverse array of attractions. From its inviting hot springs to its thriving wildlife sanctuary, Krabi never ceases to amaze. The region's flourishing coral reefs, exotic marine life, and towering limestone cliffs have consistently drawn rock climbing enthusiasts and adventurers alike.
National parks, including the island paradises of Koh Phi Phi and Koh Lanta, are part of Krabi's charm. Time seems to slip away in these locations, leaving visitors yearning for more even after weeks of exploration. In addition, the province is known for its spectacular sunsets, often witnessed from beachside bars and restaurants, with stunning cloud-to-cloud lightning displays that add to the dramatic beauty of the evening.
The bustling seaside strip of Ao Nang is considered "town" by most visitors. This area, filled with guesthouses, hotels, bars, restaurants, and souvenir shops, serves as the primary launching point for boat trips to nearby islands and isolated beaches. It also includes the famous Railey Beach, once a hippie enclave.
Shopping enthusiasts will find delight in Krabi's various shopping venues, such as the Maharaj Walking Street and the Chao Fah Pier night market. Not just a tourist hotspot, Krabi also bears a rich cultural heritage, with ancient settlements dating back to prehistoric times.
As a small province in southern Thailand located on the Andaman Sea, Krabi boasts abundant natural tourism resources. The terrain is characterized by high mountains interspersed with coastal plains, offering diverse tourist attractions, including beaches, seashores, islands, waterfalls, and caves.
Recognized widely as a sought-after tourist destination, Krabi also boasts a vibrant real estate market. Every year, the province attracts a significant number of tourists, along with local residents, working professionals, and foreigners looking to invest in the Krabi property market.
The majority of properties in Krabi are houses, with prices varying from an accessible 3 million baht to the high-end range of 20 million baht. These properties, typically situated near beaches or nestled on hillsides, offer stunning sea views, making them particularly appealing to foreigners and real estate investors.
The average listing price for a house in Krabi is approximately ฿11,239,9481. Meanwhile, the median sales price stands at about ฿8,600,000. The median price per square meter for a house in Krabi is ฿51,100, offering an indication of the investment potential for those looking to buy property in Krabi.
If you're considering a Krabi property as a potential investment or are keen to experience the serene lifestyle this province offers, Kaibanthai can guide you through the property buying process. Investors from Europe and Asia, including countries like China, Hong Kong, and Singapore, form a significant part of the buyer demographic for Krabi real estate for sale.
If you're a foreigner considering buying property in Krabi Province, it's important to understand the Thai property laws. Krabi Province, known for its stunning natural beauty and warm local culture, offers a unique blend of lifestyle and investment opportunities. While Thai law restricts foreigners from owning land, it does provide avenues for them to invest in the Krabi Province real estate market.
In Krabi Province, foreign nationals are allowed to own a unit in a registered Condominium, a building distinct from its land, and a registered leasehold of up to 30 years for all types of titled land or buildings. However, they cannot own freehold land or more than 49% of the shares in a Thai company that owns freehold land.
Under the Condominium Act (1979), foreigners can own the freehold of 49% of the total unit space in any legally registered condominium building in Krabi Province. To complete the purchase, a letter of guarantee from the condominium juristic person, which states the proportion of foreign ownership, must be submitted to the Land Department upon transfer of ownership.
Foreigners have the option of setting up a Thai limited company to purchase land in Krabi Province. In this case, the land and property are acquired under the company's name, but the majority of the company's shares (51% or more) must be owned by Thai nationals. While this method requires substantial paperwork and legal compliance, it allows foreigners to explore the possibility of full land ownership in Krabi Province.
When purchasing a condominium in Krabi Province, a foreign buyer must bring in 100% of the funds from overseas in foreign currency. They will need a Foreign Exchange Transaction Form (FETF) from a Thai bank, which serves as evidence for the Land Department. It's worth noting that due to strict money laundering regulations, a FETF is also necessary to avoid complications and remittance tax when repatriating funds if the foreigner decides to sell the condominium in the future.
Understanding the legalities around foreign property ownership in Thailand, specifically in Krabi Province, can be complex. At Kaibanthai, we're here to guide you through the process, making your dream of owning a property in beautiful Krabi Province a reality.
Choosing the perfect location in Krabi Province to call home largely depends on your lifestyle preferences, priorities, and budget. This captivating region of Thailand offers diverse environments and neighborhoods, each imbued with its unique charm and allure. Here, we spotlight some of the top residential areas in Krabi Province for 2023:
Renowned for its scenic beach and majestic limestone cliffs, Ao Nang is a much-loved tourist spot that also attracts long-term residents. This area boasts a plethora of restaurants, bars, and stores, ensuring your daily needs and leisurely pursuits are well catered for. With excellent transport links and easy access to nearby islands, Ao Nang is the perfect choice for explorers and beach enthusiasts alike. Learn more about Ao Nang.
If you're drawn to a more authentic Thai experience, Krabi Town offers a lively local atmosphere enriched with deep culture and tradition. This town exudes a relaxed vibe, with an array of markets, street food vendors, temples, and cultural events. Generally, the cost of living in Krabi Town is lower compared to the more tourist-oriented areas, making it an appealing choice for budget-conscious individuals or those seeking a longer-term residence. Discover Krabi Town.
For a more serene and upscale living experience, Klong Muang provides a tranquil escape from bustling tourist hubs. This area features prestigious resorts and luxury villas, as well as a beautiful, less crowded beach. Klong Muang is an ideal location for those seeking privacy, exclusivity, and a slower-paced lifestyle. Explore Klong Muang.
Accessible only by boat, Railay Bay offers a unique living experience characterized by stunning limestone cliffs, pristine beaches, and limited development. If you appreciate outdoor activities like rock climbing, kayaking, and hiking, Railay Bay is an excellent choice. However, be prepared for slightly limited access to amenities compared to other areas in Krabi Province. Learn more about Railay Bay.
The lifestyle in Krabi Province revolves around the region's agriculture, including rubber, coconuts, and fruit cultivation. The people of Krabi are known for their warmth and hospitality, enhancing the province's appeal as a popular tourist destination. With its diverse range of natural attractions such as sandy beaches, seashores, islands, waterfalls, and caves, Krabi Province truly has something for everyone.
In the vibrant Krabi Province, you'll find a comprehensive range of amenities. The province boasts a variety of public and private educational institutions, including Ammartpanichnukul School, Krabi International School, Isranusorn School, and Muang Krabi School. These institutions provide high-quality education, making Krabi an ideal place for families looking for Krabi house to buy.
Healthcare facilities in Krabi are top-notch, with establishments like Wattanapat Hospital Ao Nang and Ruamphat Hospital offering excellent medical services. There are also numerous specialist clinics scattered throughout the province, ensuring that all health needs are met.
Beyond its natural attractions, Krabi offers a range of shopping experiences. Krabi Walking Street, located on Maharaj Road, is a popular destination every Friday, Saturday, and Sunday from 5:00 p.m. to 10:00 p.m. You can also explore the Night Market at the Chao Fah Park Pier, a foodie's paradise that's open from 5:00 p.m. to 12:30 a.m.
Transportation in Krabi is highly convenient, providing easy access for all visitors with a variety of modes, including land, water, and air options:
Land Transportation: Whether by personal car or public bus, commuting in Krabi is effortless. Major roads such as Highway No. 4, Highway No. 4035, and Highway No.402 connect Krabi to neighboring regions. From Bangkok, the bus journey to Krabi takes approximately 11-12 hours.
Water Transportation: Krabi boasts over 22 ports, including 4 Deep Sea Ports. These comprise 3 shipping ports—Krabi Deep Sea Cargo Terminal, Jian Wanich Pier, and Southern Port Company Cargo Terminal—as well as Klong Jilad Ferry Pier, which serves as a tourism port.
Air Transportation: Krabi Airport, located in the Nuea Khlong District just 13 kilometers from Mueang Krabi, is crucial in supporting Krabi's air transportation business. It ensures convenience for tourists traveling to Krabi and supports the local tourism industry.