Pattaya Property, Sun sea and sand plus outstanding entertainment

Pattaya Property, Sun sea and sand plus outstanding entertainment coupled with commercial and tourist attractions have given Pattaya a well-deserved reputation for the perfect spot for retirement or just a weekend getaway. Over some years people have been buying houses and condos units as a first home in Pattaya, second homes for leisure and relaxation, and as retirement residences. Medical holidays are also proving very popular in Pattaya as well for dentistry or cosmetic surgery.

If you’re 50 years or above, you can also apply for a so-called retirement visa, which will allow you to stay in Thailand for 10-20 years. The second largest city in Thailand has attracted many foreign buyers over the years. So, it’s not surprising that real estate in Pattaya has been one of the fastest growing markets and most sustainable industries. The stage is now set for Pattaya city to take on the country's other real estate favourite’s, Bangkok and Phuket. With a guarantee of healthy long-term returns investing in property in Pattaya is regarded as sound and safe. Undoubtedly property development is equal to international standards and trends. The land is readily available in Pattaya, unlike Bangkok, giving the opportunity for property hunters to invest in affordable, houses, condos.

The most significant selling points are lifestyle and location, Pattaya has some of the finest hotels and resorts, golf courses, great shopping malls, superb entertainment. Boasting a coastal city with an international base. This reaffirms Pattaya’s status as Thailand's only mainland beach resort with city status. Indeed, Pattaya has something for everyone.

The most popular and fastest growing real estate trends are condominiums, giving you the opportunity of foreign ownership with a lock up and go lifestyle. Pattaya has an international flavour with a large contingent of expats from USA, UK, Germany, Scandinavian countries and Russia who have either retired or invested in a holiday home. The positive growth in the residential market has been boosted further by demand from Thai buyers.

More developers are entering the market with a variety of new developments, which include residential, retail and international hotel chains. There are some first-class condominiums developments that the investors can choose from.

o Palm Bay 1

o The Empire Tower

o Panora Pattaya

o Dusit Grand Park 2

o Riviera Monaco and Riviera Ocean Drive as 5 star new projects.

Over the years Pattaya has attracted a large number of Russian investors transforming it into a Russian holiday retreat. But with the decline of the Russian Ruble in recent times it has left the property market in decline. But with the influx of Chinese, they are probably far exceeding what the Russians did regarding buying.

Two factors to bear in mind, an oversupply of low-priced condos plus a decline in Russian investors have seen a healthy second-hand market selling for less than a newly developed property.

Buying a property in Pattaya might not yield as much as the Capital Bangkok as wealthy local investors don’t sell when overseas markets decline. Buying a property in a relatively stable market, you have to consider if there is a robust domestic market which doesn’t rely on foreign investors. The key is to research the market and hire a quality real estate agent who has knowledge of the local market and can advise which area to invest in.