About Pattaya real estate investment.
The influx of international developers truly redefined the dynamics of the Pattaya property market. They brought with them their knowledge and skills in designing and developing projects that not only included a vast amount of amenities, but also the modern conveniences to which westerners are accustomed. This set the standards very high, and although the cost of labor and materials continues to rise, it remains cheap in comparison to Western countries. This means that a Pattaya condominium can be built to the highest of standards, yet to an affordable price point.
Why invest in Pattaya?
Many reasons make Pattaya the ideal investment choice. From a fantastic location and alluring weather to world-famous beaches and appetizing foods, Pattaya has something for everyone. But beyond this, Pattaya offers an outstanding infrastructure of roads and utilities as well as convenient connections to Bangkok and Suvarnabhumi – the international airport that is the hub between Europe, the rest of Asia and Australasia.
Pattaya sees a stream of tourists annually. Year on year tourism to Pattaya increases and according to the Tourism Authority of Thailand (TAT), it shows no signs of slowing down. This translates to a steady source of buyers and renters for Pattaya condominiums and in turn acts as a solid source of income for investors, whether they bought to rent or resell.
Because of the boom in Pattaya property, there has been a boom in property developers. There are companies that claim an ROI of 10 to 15 percent per annum, and although some investors occasionally achieve such returns, it is the exception and not the rule across the industry. Investors will, however, always enjoy a more reserved and realistic ROI of 7 to 9 percent per annum.