Purchasing Quality Property in Pattaya
Owing to Thailand’s position as a world leader in attracting tourists, expats, and retirees alike, the real estate market is in a constant state of expansion. Purchasing quality property in Pattaya is no exception – as a seaside city that attracts millions of tourists every year, foreign and domestic investment in the real estate market has been booming.
Quality over Quantity
While a booming real estate market holds a lot of promise, with any gold rush comes a certain degree of risk.
The development rate in Thailand as a whole, with Pattaya in particular, has been increasing quickly. Keeping up with the higher pace of increasing demand for modern, quality property in Pattaya has situated both buyers and sellers in a precarious position.
It can be difficult to know at first glance if a condo development or building has been built to a high standards. Shortcuts are often taken by contractors whose only goal is to keep pumping out new developments as quickly as possible. As investors in real estate, the integrity and quality of property are of the utmost importance, especially if there is potential for future sales.
Benefits of Purchasing Quality Property in Pattaya
Navigating the ins and outs of the real estate market in Pattaya can be difficult. As with any investment, security of investment, future returns, and affordability are of the highest priority.
The security of a property investment along with the current price of real estate in Pattaya offer some of the greatest opportunities for investors going into 2017 and beyond.
It is essentially a cash market, sheltered from the unforeseeable consequences that areas with high financing rates have encountered around the world.
Potential rental returns in quality property in Pattaya are high, approaching 10 percent. Rental prices have continued to climb steadily as foreign tourism funds flow through the Thai economy.
This also means property values have climbed along with rental rates, giving property investors in Pattaya some of the best returns attainable in the any market in the world today.
Seeking advice and assistance from a local, knowledgeable and reputable company, familiar with Thai property laws and assessing quality properties to help with the process is vitally important.
Two companies worth checking out are the New Nordic Group who offer direct rental guarantee returns and Emerging Trends Advisors who advise on a range of different five star hotel and holiday resort investments all over Thailand.
Don’t Miss Out
Assessing high quality property for investment opportunities is something every serious investor with a diversified portfolio should be aiming to do. Purchasing high quality property in Pattaya is sure to provide investors with valuable, sheltered assets that will continue to grow in demand.
As Pattaya embraces its re-branding as a family friendly, nature focused seaside resort, the demand for property is sure to match its resurgence. Contact us today and allow us to assist you in obtaining the perfect investment property in Pattaya.
Pattaya has come a long way since the first tourists started making their way here. Originally a small fishing village, it is now a bustling tourist and retirement town sprawled with high rises and modern amenities.
This proven track record of growth in population and attracting tourists ensures a market that is sure to stay strong for the foreseeable and long-term future. As mentioned in our quick overview Thailand Economy 2017 the outlook is looking strong for Thailand as a whole. The affluent areas of Pattaya, Phuket, Koh Samui, Chumphon will surely benefit the most
Those looking for real estate investment in Thailand, should look no further than Pattaya. Situated only an hour and a half away from Bangkok, the seaside city has seen a recent increase in interest from middle class Thai people as a getaway. Those looking to get away from the hustle and bustle of Bangkok on the weekends have made it a family destination, revamping and re-branding Pattaya’s image. Check out Considerations For Property Investing in Thailand for a more detailed look at some of the things potential property investors in Thailand need to think about.