can be seen from Pattaya property market, most of foreigners prefer to
buy condominiums in Pattaya. This is because of foreign ownership
restrictions on land. Buying condominium in Pattaya is similarly
supported by Thai buyers, due to the convenience and commutable
proximity to Bangkok - providing a weekend holiday home. Condominiums
in Pattaya are relatively expensive compared to houses and their prices
increase the higher you are probably (especially with rampant
development destroying the view of the sea).
Pattaya's condo markets continue to grow with an increasingly two
level of market developing as both the established high and mid-range
segments perform equally well. They now directly rival private
investment associated with the more established up market Thai resorts.
With many condo developers providing new developments at prices
below 70,000 baht per square metre, these values contrast with the more
high profile developments in Pattaya marketed in excess of 100,000 baht
per square metre. This pricing spectrum supports a broader purchaser
demographic by reducing entry level pricing barriers and enabling
budget conscious buyers to invest, creating a dynamic and sustainable
The increase in the mid-to-high and high-end or premium sectors,
however, represents a much higher value - not only in monetary terms,
but also in meeting the needs and aspirations of a luxury market for
In Pattaya many condos are advertised in the local newspapers. A
variety of agents and lawyers can also be found advertising their
services. Another increasingly lucrative option in light of the demand
is to buy older condos in the less desirable buildings and do them up.
Renovating is cost-effective and fun in Thailand and there are plenty
of shells that can be snapped up cheaply.