October 2, 2023 / By Top Vouchers Code

Pattaya: The ultimate destination for travel and property investments

People know Thailand as a popular tourist destination. Every year, the Kingdom hosts millions of foreign travellers who come here to have a relaxing holiday by the sea. However, that is not all Thailand is about. Apart from being a tropical paradise for holidaymakers, it is also one of the most sought-after locations for real estate investments. It has a lot to offer expatriates seeking to generate good returns, including positive economic conditions, a unique living environment, and attractive tax incentives.

Expats tend to choose popular Thai resorts for purchasing a property, and Pattaya is one of them. While being a part of the Eastern Economic Corridor, the city is far from being only a popular resort; it is also a developed economic centre that provides plenty of opportunities for a stable income. Why is it a good idea to buy real estate in Pattaya? What does this city have to offer? And where do you find the best deals? In this article, we will answer all these questions together with Thailand-Real.Estate.

Some of the reasons to choose Thailand for property investment

There are several factors to consider when deciding whether to invest in Thai property. One of the key advantages of the Kingdom is its stable economy. The Thai government pursues a variety of policies aimed at stimulating economic growth and attracting foreign investors. One of the most pleasing factors for investors is the absence of property taxes.

One more factor is the growing tourism industry. This trend is particularly evident in popular tourist centres such as Bangkok, Pattaya, and Phuket. For investors, the influx of tourists can be beneficial due to the increased demand for rental properties. The government is keen to attract international travellers to the country and is actively building new infrastructure to make it more convenient for people to live here. A large number of new residential complexes, medical and educational institutions, shopping centres, and entertainment facilities are being built. The transport system is also being actively developed, which makes travelling around the country easier.

Investors have also benefited from the growing demand for accommodations from both international and domestic tourists, which has led to an increase in the number of high-end properties under construction. Thanks to this, you can be confident that your investments will grow.

Advantages of investing in real estate in Pattaya

Pattaya ranks among the top places in Thailand where foreigners buy property. This is not surprising, as the city offers significant advantages for investors. Among them are:

Economy of the region. One of the primary reasons for choosing Pattaya to buy property is the region’s flourishing economy. As mentioned above, Pattaya is part of the Eastern Economic Corridor, which is the most economically developed area of Thailand. It is developing urban networks, industrial zones, and infrastructure.

Touristic activity. Pattaya is considered one of the most popular tourist destinations in the world and provides a positive environment for investors to earn money, especially during the high season. People love this place because 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.

The climate. Unlike Phuket and Koh Samui, the seasons are subtle. In other words, there will not be the long rainy months typical of similar monsoon regions. Even in winter, rainfall is low while temperatures remain stable.

This sets Pattaya apart from other resorts in Thailand. If you are looking for a place with a warm climate, a resort atmosphere, well-developed infrastructure, and high demand for property, Pattaya is perfect for you.

Property market in Pattaya

Experienced overseas investors prefer to buy flats in Thailand. The fact is that there is a ban on foreigners owning land in Thailand. When you buy a villa, you own only the house itself, and the land on which it stands is rented. When purchasing an apartment in a block of flats, you do not have to worry about this.

Unlike Phuket, where villas are in greater demand, the construction of high-rise buildings with flats is flourishing here. Investors can buy a condominium in Pattaya for investment or resort-style living. The choice of properties 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 buy both secondary housing and property under construction. The latter are usually cheaper, and prices rise as commissioning nears. What’s more, you can choose to pay for property in instalments.

Potential rental profit

The average return on investment (ROI) in Pattaya is 80–10%, and in some well-located seaside properties, it can be as high as 15%. Your income will depend on several factors, including location, a view from the apartment, layout, and on-site amenities. During the high season, property prices rise, so it can be a great time to rent out and maximise profits.

Property prices

The prices of flats in Pattaya also depend on various factors. Those located close to the sea are usually more expensive. The novelty of the building and the quality of construction are also important. 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.

Choose your ideal property in Pattaya

If you want to find a property in Thailand that will bring you a stable income or become the perfect place for seasonal vacations, look no further than Thailand-Real.Estate. The aggregator offers a wide variety of flats in Pattaya for sale. Choose your ideal option today.