Purchasing Pattaya real estate property in Thailand, one of the best locations in the world offers a higher quality property for your money. Stretching it further than other Asian nations like Malaysia, Singapore, Cambodia, Hong Kong and the Philippines. Pattaya City is the most booming area in the country Thailand and with the high tourist rates this is proved to be a secure return on investment.
One of the significant explanations behind this is the moderate Thai land prices and low labour costs, which represents buying power when building or purchasing your condo and/or villa property that can be owned on your personal name. Land prices are increasing every year, especially beachfront plots which are now only to be found in Jomtien and Najomtien area, which will be the future City expansion on further developments. An alternate explanation behind Thailand’s real estate popularity is that a lot of home buyers use the low prices or easy payment plans to purchase additional Thailand property for either personal use or as investment. House properties and land plots are possible to be owned by foreigners on a (extendable) lease-hold of 30 years or via company ownership, in Pattaya City you can be the proud owner of a pool villa for approx. 5 Million Thai Baht.
Most newcomers to Thailand see the benefits the country has to offer whilst on their holiday and invest with confidence in the real estate market knowing that a nice capital gain is to be made in the lucrative Thailand property market. ATS offers rental management and can assist you in renting out your property on long term base or seasonal dates.
PATTAYA REAL ESTATE MARKET 2014.
Pattaya real estate is still the most popular category of the condominium market in Thailand particularly the Wong Amat, Pratumnak Hill & Jomtien zones. These areas indicate constant growth due to the wealth of the remaining beachfront and outer suburban development opportunities. High rise condominium developments are building currently 5 star projects with unobstructed ocean views of Pattaya Bays. Project like The Riviera Wongamat and The Palm are finishing their structures in 2017 and will be popular investment properties in Pattaya North.
Pattaya City will begin facing shortages of development land and the land that is available will become very expensive. Land prices in Pattaya are already increasing by an exuberant amount.
However because of construction and infrastructure changes to the roads a lot of new condominium projects are launched amid the remainder of 2014.
All along the new Jomtien Second Road just south of Pattaya new projects are booked to be finished amid 2014 with more to be launched and finished before the ASEAN market opens in 2015.
Thailand’s resort beach city Pattaya will keep on being the most reasonable area to invest in real estate & property. It is expected that about 30% of all deals in Pattaya will be credited to fun loving foreign property investors. Recently there is also solid demand for Pattaya real estate from the Thai working & middle class which will help boost the market. Thai citizens can obtain easily a mortgage or bank finance to purchase a property, ATS can assist in obtaining these bank loans and generate income on the property which covers the monthly fees of the bank.
Overall there has been an increase of 10% in Pattaya territory, but predicted prices in the region will remain steady & strong amid the end of 2014.
• Pattaya condos average price per sq/m. late 2012 was approx. 47,000 THB.
• Current normal value per sq/m. is approx. 76,000 THB for condos.
• Late 2013 normal value per sq/m. is expected at approx. 62,000 THB.
• The square meter value differs obviously based upon the location, quality & view.
• Pattaya condos currently are start prices from 1,190,000 THB.
• Western style Pattaya Villas & houses currently are priced from 5.5 million THB.
• Pattaya town houses currently are priced from 1,900,000 THB.
• Pattaya Land available at East side of City from approx. 2 to 20 million THB per rai.
• Land prices at the Central located area and second road reach 20 to 40 million THB per rai.
• Beachfront Land in Pattaya available from 40 to 100 million THB per rai.
Rental yields for condominium properties in Pattaya City range from 6% to 10% relying upon property estimates and will remain at this level for the coming years. Contact ATS for consultancy and let us advice you for the right property investment with stable ROI.