Pattaya Real Estate
Pattaya real estate – sun, fun and rental income
Pattaya is the first seaside destination in Thailand with 9 million tourists per year. The main city of Chonburi region attracts local and international visitors. The city is driven by tourism but as well famous for Corporates and Business events. With improving infrastructures, including the growing U-Tapao International airport, and with only a 1h drive from Bangkok International Airport, Pattaya has a lot to offer in addition to convenient access.
Real estate in Pattaya is a market with outstanding bargains. Catering for every income level, Pattaya real estate ranges from elegant pool villas amid tropical gardens to affordable seafront condos and resort residences with integrated management.
Pattaya’s cheap cost of living, excellent amenities, and broad leisure options attract a broad spectrum of real estate investors. Some real estate purchasers pick Pattaya for their retirement, to enjoy excellent golfing and upgrade their quality of life. Bangkok-based expats buy Pattaya real estate to have a weekend home within 90 minutes of the capital.
A growing amount of real estate in Pattaya and its quieter sister town of Jomtien is also bought as family holiday homes – bases for enjoying the often overlooked attractions of a town many only associates with bars and nightlife.
Attractions such go-karting, Cartoon network water part and the Flight of the Gibbon tree-top ride are now extending the appeal of Pattaya real estate, which has always offered beaches, restaurants and shopping alongside its lively bar scene.
The town’s growing sophistication is reflected in new international-style shopping malls like Central Festival Pattaya.
In addition to prices far cheaper than most other Thailand destinations, Pattaya real estate can offer advantages such as developer financing and guaranteed rental income. Substantial capital gains can also be expected, especially with the upcoming completion of a rail link to Bangkok.
Condo developments can be found in a quiet central location in Pattaya that guarantee a from 6% to 10% annual return for five years as well as lifestyle elements such as swimming pools and rooftop gardens.
For many retirees and families, real estate in Jomtien has the strong attractions of an excellent beach with a host of water sports as well as a calm residential atmosphere in marked contrast to Pattaya’s constant activity.
The quieter rural surroundings of Lake Mabprachan have attracted high-end bespoke villa projects. This niche of Pattaya real estate takes advantage of the town’s many skilled artisans to offer a quality of building and design almost unique in the Thai market.