This month's investment hotspot is Pattaya; popular with buyers for its diverse landscape and reasonably priced property.
Investment Hotspot - Pattaya
Pattaya is a beachfront City located on the Gulf of Thailand, what used to be a small fishing village is now one of the most popular tourist destinations in Thailand. Fast growing and located only 90 minutes from the capital city Bangkok, and only an hour away from the main international airport and only 30 minutes from Pattaya airport, a convenient location that attracts many international visitors both holiday makers and long term expats from around the world, as well as weekenders from Bangkok and all around.
Steve Garrot, Sales Director for Your Pattaya Property and specialist in Pattaya & Jomtien property explains why Thailand is a great place to buy;
Pattaya is an ideal location offering not only fantastic tropical temperatures all year round, but nestled on the shoreline offering sundeck beaches over looking Koh Larn Island.
Pattaya offers a relaxing and very affordable lifestyle, there is something and everything for everyone, including renowned shopping malls, world-class hospitals, and renowned international schools.
Living in Pattaya offers a much cheaper lifestyle than that of Europe, with its vast variety of restaurants and bars offering an array of delicious foods and drinks at affordable prices. All of the western comforts in a beachside city which makes it very easy to adapt as a second home or stay for either long or short term periods of time.
There are also many tourist attractions such as day trips to the local Islands, more than 30 international-standard golf courses within 30 minutes drive of Pattaya, Floating Market, Million Year Stone Park, Nong Nooch Garden, newly built Cartoon Network Water Amusement Park, and of course the infamous 'Walking Street' offering 24 hours a day of partying.
Pattaya has recently started investing heavily in the city's infrastructure with the city's expanding population growth and to ensure that it becomes a reputable beachside resort city. Construction plans for a high-speed train from Bangkok will have a great impact on the city and the expansion of U-Tapao International Airport only 30 minutes away from Pattaya, will make Pattaya an even more popular destination not only for foreign tourists but also for Thai people working in Bangkok. With all of the advantages and future plans no wonder Pattaya remains the number one tourist destination in Thailand.
There's a high real estate demand from both foreigners from all over the world and middle-class locals. Many people from Bangkok have already started to purchase property in Pattaya, this will aid immensely to ensure a constant demand for both rental and resale properties.
Although property prices have increased steadily since 2008, it's still very affordable with apartments starting from just 1,000,000 Thai Baht ($28,000 USD) in developments offering a wide range of facilities such as swimming pool, fully equipped gym, reception, 24 hour security, etc. A property investors paradise, offering the buyer capital appreciation on off plan developments in Thailand, and high rental returns of 8%-10% per year. All investors can choose either buying off plan with fantastic discounts and 0% interest free payment plans over construction and can earn up to 30% capital appreciation once the development has been completed. There are also key ready furnished properties as well as re-sales for the buyer who wants immediate personal usage or for rental return.
Pattaya is an ideal location for real estate investment that has everything to offer from great relaxing lifestyle, convenient location, good infrastructure, variety of real estate choices that offers high rental returns including rental guarantee on certain developments and capital appreciation, and of course good weather and low cost living.
Real estate investment in Pattaya is very secure and all properties are 100% freehold, you have the choice of investing in either Resort style apartments, which are self contained and generally attract short term tenants. You also have boutique style apartments which are more personal than Resort style and tend to be single buildings with similar facilities and tends to attract both long and short term renters. Lastly you have high rise developments, these tend to be higher end investments and attract mainly both long and short term tenants and people who use for personal living, again offering the same facilities as Resort style developments.
If you would like to know more about off-plan property in Pattaya, Thailand please click here to visit our Off-plan Property Thailand page.
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