It is little wonder
that so many Thai’s and foreigners alike choose Pattaya when
considering property matters here in Thailand. Many wealthy Thai’s
buy houses or condo’s here either as second homes or investments,
and its proximity to Bangkok makes it an extremely attractive
proposition for them.
In this article we will
look at what the situation is like for foreigners in terms of
property for sale here, and what the most popular purchase is.
The first thing to be
said is that the Pattaya property market is booming. New condominium
complexes and housing estates are going up apace, and there certainly
seems no sign of this trend slowing up. The vast majority of
foreigners buy condos because they are allowed to own them in their
own name. This is subject to certain terms and conditions, but the
main one being that no more than 49% of the units in the block they
are purchasing in are ‘foreign’ owned. We will touch on real
estate agents towards the end of the article, but suffice to say they
have many years of experience in this market, and are able to answer
any questions you may have.
Going back to the type
of units available; you really will be spoilt for choice. There is
everything imaginable from compact studio apartments all the way up
to luxury penthouse suites overlooking the beach. The choice really
is a wide one, and the only thing that will really limit you is your
budget! This is where Pattaya real estate agents come in. There is a
wide choice of agents, and it will pay you to carry out a little
research as to which one would suit you best. The professional staff
working at the best companies here fully understands the market, and
can advise you on prices, legal matters, and any other formalities
concerned with Pattaya property which is for sale.
Although many
foreigners buy condo’s for their own use you should also remember
there is a very healthy rental market here, so if you are looking for
an investment opportunity buying a condo to rent out can be an
excellent choice. Some complexes even guarantee yearly percentage
returns on such an investment. Again by speaking with real estate
staff this will help you to understand the many options that you have
available.
Whether you are buying
for your own use or as an investment and income opportunity the
property market in Pattaya is most certainly worth taking a look at.
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