Price/Rent Ratio in Thailand compared to Asia
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
China, Beijing | 48 yrs |
Taiwan, Taipei | 47 yrs |
Japan, Tokyo | 38 yrs |
Hong Kong, Hong Kong | 28 yrs |
Vietnam/HCMC, Hanoi | 26 yrs |
Singapore, Singapore | 23 yrs |
India, Mumbai | 20 yrs |
Thailand, Bangkok | 19 yrs |
Malaysia, Kuala Lumpur | 19 yrs |
Philippines, Manila | 19 yrs |
Indonesia, Jakarta | 14 yrs |
Georgia, Tbilisi | 13 yrs |
Thailand real estate data, including prices, rents, and sizes in square meters, has been compiled and analyzed from the following sources:
- Bank of Thailand
- DDProperty
- Knight Frank
- JLL Thailand