Pattaya Real Estate Investments

Pattaya has traditionally offered excellent investment returns on both rentals and property sales. Pattaya has the luxury of having a very high amount of tourists and holiday makers as well as an ever expanding residential community. The city has a large ex-pat community, with many international corporations and business based the Pattaya/Chonburi region.

Having such a diverse residential makeup has created the need for international standard facilities including Schools, Hospitals and Shopping malls. As a result Pattaya now has some of the best amenities in Thailand and can compete with some of the biggest cities in South East Asia.

With the continuous improvements to the city, the demand for property has been relentless. Even during troublesome economic times, Pattaya has proved to have a resilient real estate market compared to other countries around the world.  A common Return on Investment of 2-16% can be expected on the various kind of properties and investments in Pattaya, with many investors taking advantage of “off plan” promotions offered by developers. Another highlight to investments in Pattaya is the Foreign Ownership laws that allow a non-Thai national own certain types of property, legally, in their own name.

To understand the unique nature of Pattaya one should look back into its history. At its origins Pattaya was a sleepy seaside fishing village with very few people living there apart from farmers, fishermen and local villagers. When the United States military were using Thailand as a base of operations for the war in Vietnam a whole new opportunity was made available for the city and its residents.

Many American G.I’s started to visit Pattaya during their short R & R (Rest and Recuperation) leave periods. Having the benefit of a relatively safe, inexpensive and entertaining “holiday destination” only hours away from base was the perfect opportunity for soldiers looking for a place to escape the war for a while. As soon as Pattaya became known as “The” place to go on leave the local economy soared. Many local land owners started to build guest houses, hotels, restaurants and bars to cater for the influx of visitors and the path was set for the birth of the city that we know today.

In the years that followed, Thailand became a popular vacation destination and Pattaya started to get a reputation a party town that captured the exotique theme of the orient. With an ever increasing number of visitors, more and more development was added to the city. International hotels, such as The Marriot, opened branches and whole myriad of entertainment venues exploded all over the city.

Some visitors decided to stay in Pattaya (especially retirees) and take advantage of the low cost of living. Another highlight was the inexpensive costs of land and construction which led many to either buy or build their own home. Eventually property developments and condominiums started to spring up all over Pattaya and Jomtien paving the way to the sky line that can be seen today.

Modern day Pattaya would be unimaginable to the first visitors and residents. The city now has towering buildings, highways, modern standard facilities and some of Thailand most prestigious real estate. The condominiums that are being constructed these days are designed by internationally reputed architects, with ultra modern looks that would be more recognisable in Singapore of Hong Kong.

Pattaya offers villas and houses that would be out of most people’s price range in Europe and other Western countries.  With many variations of style and size, there are very few places in the world that can compete with the selection property available in Pattaya.

With such a successful past, Pattaya has set itself a bright future. Investors that brought property in the early days enjoyed excellent profits on their investments and modern day buyers can look forward to having to same benefits bestowed upon them.