Resort-style living and lucrative investments: why buy real estate in Pattaya? 

When it comes to purchasing real estate, Pattaya is one of the places that comes to mind first. The perfect climate blends here with a well-developed infrastructure, transportation accessibility, and a great variety of property offers. 

Thailand in general is an ideal place for those seeking lucrative real estate investments or wishing to relocate closer to the sea. Pattaya, along with Phuket and Bangkok, is a sought-after location for people from all over the world. But what makes this place so appealing? In the article, together with the real estate aggregator Thailand-Real.Estate, we will tell you about the benefits of owning a property in Pattaya. 

Thriving economy of the region 

Pattaya is part of the Eastern Economic Corridor, which is the most economically advanced area of Thailand. The project was set up in order to develop investments in major regions of the country. Within its framework, urban development takes place on the urban network, industrial zones, and infrastructure. As a result, Pattaya can boast a high rate of economic growth as well as favourable tourism and real estate industries. Every year, the city hosts about 12 million foreign visitors from all over the world. The development of the East Coast is one of the government’s priorities, so investors can be sure that the economy of the region will continue to grow, making investments in local property more and more profitable. 

Property market in Pattaya

The influx of foreign tourists and investors creates favourable conditions for the active construction of new residential complexes. At the same time, unlike in Phuket, high-rise construction is flourishing here. Investors can buy a condominium in Pattaya for investment or resort-style living. The choice of property is very diverse, and developers are offering a greater number of premium amenities to stand out from their competitors. They may include:

• Swimming pools
• Private gym
• Guarded parking lot
• BBQ areas
• Children’s playgrounds
• Security and concierge services.

Investors can consider buying both off-plan and secondary housing. When buying a property under construction, you get the opportunity to save a substantial amount of money on the purchase. Such properties are usually cheaper, and prices rise as commissioning nears. What’s more, you can choose to pay for property in instalments. It is crucial to verify all the up-to-date information about property prices and payment plans with your broker. 

Potential rental yields 

The average return on investment (ROI) in Pattaya is 80–10%, and it can even reach 15% in some fortunately placed seaside properties. Investors can choose a long- or short-term strategy. During the high season, real estate prices are rising, so it can be a great time to rent out your property and generate maximum profits. 

Property prices

The prices of flats in Pattaya depend on various factors, including location, proximity to the sea, views from the apartment, on-site amenities, and the novelty of the building. Experienced investors advise paying attention to the quality of the project, the availability of local central communications, and security. The price will also differ between off-plan and finished developments. It can vary from $30,000 for a compact studio to $1 million for a luxury four-bedroom apartment. For example, a studio flat of 25 sq. m. in a finished premium-class complex with a great variety of on-site amenities and a convenient location will cost approximately $60,000. 

Freehold zone

When buying real estate in a freehold zone, you get full ownership of the property. You can use it without any restrictions and own it for as long as you wish. One of the main difficulties overseas investors have to face when buying housing in Thailand is that foreigners are not allowed to own  land in the Kingdom. However, this rule should not bother you if you are going to buy an apartment in one of the residential complexes. Unless it is in a freehold territory, you will have full ownership of the property. In addition, you do not need to pay annual property taxes. You only pay income tax that ranges from 5 to 30%, depending on the amount of profit.

Comfortable holiday lifestyle 

In Pattaya, you can enjoy a resort environment with beautiful weather all year round, sandy beaches, and a warm sea, while at the same time having access to all the necessary facilities to ensure a high quality of life. First, Pattaya boasts a highly developed transport infrastructure with an efficient road network that ensures smooth traffic flow between the cities. Close proximity to Bangkok’s Suvarnaphum International Airport makes it even more comfortable to travel. On top of that, in Pattaya you will find high-quality international schools, hospitals, medical centres, and all necessary shops. 

Choose your property in Pattaya 

You can start choosing your ideal property in Pattaya today with Thailand-Real.Estate that provides a wide range of real estate for different goals and budgets.