Once just a humble fishing village, Pattaya is now a renowned resort city in Thailand, famous for its stunning sea views and controversial night life. It’s also one of Thailand’s most popular cities along with Bangkok, Chiang Mai, and Phuket. With its rising economic and tourist potential, here’s why you should invest in a Pattaya property:
You get your money’s worth
Properties in Pattaya are much more affordable compared to other foreign properties. Pattaya condo guide says the amount you pay for a single condominium in a foreign country can get you two Pattaya condos. What’s more is that the city has a relatively stable economy despite the many threats of recession that has haunted it in the last decade.
Land developers are also currently selling Pattaya real estate properties at discounted prices. These prices are projected to rise as the value of the Thai Baht grows stronger against foreign currencies like the British pound and the US dollar. Investors are also now scrambling to buy Pattaya property as areas with breath taking views are quickly being taken and developed into high-end resorts.
There are countless transportation options
Pattaya is a very accessible city. You can go to and from other provinces through buses and taxis via several highways. You can also travel on train via the State Railway of Thailand. From the Suvarnabhumi airport in Bangkok, the largest airport in Thailand, you can take the 90-minute trip to Pattaya via bus or taxi. Another option is to catch a flight from Suvarnabhumi to the U-Tapao airport in Sattahip and take a taxi to Pattaya from there. You can also visit to nearby islands by renting boats.
The Sanctuary of Truth – Thailand’s living heritage
It’s a tourist hotspot
Pattaya has everything you need: beaches, malls, and exquisite Thai culture. Millions of tourists flock the mesmerising city every year. No wonder the city is a true competitor in the Thailand real estate market.
One of the most famous tourist attractions in the city include the Walking Street, which is a kilometre-long “party hotspot” filled with bars and nightlife entertainment. The Cartoon Network Amazone Waterpark in Jomtien and the Sanctuary of Truth, a beautiful wooden temple that is estimated to be finished on 2050, are also top attractions. This wide array of tourist attractions is guaranteed to make people want to stay in the city. This, in turn, gives foreigners more reason to get Pattaya property investments.
Locals and tourists flocking at Walking Street
Low cost of living
The cost of living in an area is one of the biggest considerations of locals or foreigners who are looking to find Pattaya property or a Thai home. That’s why it’s important to take note that real estate properties are not the only affordable things in Pattaya. Numbeo, a database providing information about the world’s living conditions, calculated that “You would need around 94,815.61฿ in Bangkok to maintain the same standard of life that you can have with 80,000.00฿ in Pattaya.” Numbeo also says that rent prices in Bangkok are 48.11% higher than in Pattaya.
A Pattaya property has everything you need
Filled with tourist attractions, restaurants of every kind, and relaxing luxurious resorts, Pattaya caters to both the locals’ and the tourists’ needs. Add to that the affordability, accessibility, entertainment, and the low cost of living in the city. People would be clambering to find condos and rent out apartments in the area.