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Off-Plan Property in Pattaya

Off-Plan Property in Pattaya

Condos in Pattaya

Buying condos in Pattaya is the most popular option among foreigners who have no legal avenue to own land. When it comes to real estate, the condo market in Pattaya (especially in Jomtien Beach) has outperformed the more upmarket resort destinations of Phuket and Samui in recent years, as new project launches have achieved excellent sales results. Given the strong demand, many condo developers provide new developments at prices below 70,000 baht per square metre, these values contrast with the more high profile Pattaya real estate developments marketed in excess of 100,000 baht.

Houses and land in Pattaya

Many foreigners have chosen to buy/build houses here in Pattaya. Unlike Bangkok, land is readily available in Pattaya, providing property hunters with opportunities for buying affordable stand-alone houses or investing at a housing estate. In 2007 buyers began taking a wait-and-see approach as the new government formulates its policies; on the other hand a trend towards larger low rise condominiums is expected to rise in preference to houses and villas. Despite the foreign ownership issues in real estate, Pattaya city limits are still expanding rapidly, thanks to the new Suvarnabhumi Airport and a highway widening program currently underway between Bangkok and Pattaya.