Posted by & filed under Investment, Property, Thailand, Tourism.

aavaIf you have or want to buy a property for rental purposes, then you need to know how to price the rental.

To establish the long term (1-3 years) rental price, you have to consider the location, the surroundings, the amenities, the size and compare with other similar properties in the same location.

Once you have established the 1 year price you here have some suggestions on how to price your rental property for shorter terms rentals::

Long Term Rental Pricing:

1 year price = YX

6 months = 1 year x 1.2

3 months = 1 year x 1.4

1 month = 1 year x 1.8

Example:

1 year = 50,000

6 months = 60,000

3 months = 70,000

1 month = 90,000

 Holiday Rental Pricing:

Summer Season: 

1 night = 1 year price per month / 10

1 week = 1 night x 6

1 month = 1 week x 2.5

High Season:

1 night = Summer Season price + 45%

1 week = 1 night x 6

1 month = 1 week x 2.5

 Peak Season:

1 night = Summer + 65%

1 week = 1 night x 6

1 month = 1 week x 2.5

 

  Summer High Peak
Daily

5,000

7,160

8,050

Weekly

30,000

43,000

48,000

Monthly

90,000

130,000

145,000

 

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