Thailand Real Estate

Pattaya is still the place to be looking at the latest figures in from CDRE. No doubt that high rise condominiums’ in Pattaya are still popular with the number of new developments over the past year alone. What is however evident is the amount of high end developments which Pattaya is attracting. No doubt the “Ocean 1” development in Jomtien will without a doubt be some of Pattaya’s most expensive property development in Jomtien.

Pattaya is still the place to be looking at the latest figures in from CDRE. No doubt that high rise condominiums’ in Pattaya are still popular with the number of new developments over the past year alone. What is however evident is the amount of high end developments which Pattaya is attracting. No doubt the “Ocean 1” development in Jomtien will without a doubt be some of Pattaya’s most expensive property development in Jomtien.

 “As most buyers of condominiums in Pattaya are purchasing a second home or holiday home, whether they be Thai or Foreign, they want to be close to the beach to fully enjoy their leisure time, hence the preference for high rise, beachfront properties.  The new high rise projects which are set to launch in the second half of 2008 are all in prime locations, either absolute beachfront or with great sea views and as such, are likely to continue to outperform the low rise projects in terms of number of sales in the mid to long term,” noted Linda Ord, General Manager of CB Richard Ellis Pattaya.

Pattaya is a very popular seaside resort town in Thailand which has had more than 6 million tourist arrivals in 2007. This figure is double the 2000 figure and confirms a year on year growth rate of more than 9%. The arrivals reflect the changing face of Pattaya and the arrival of more tourists especially from the formally Eastern Bloc countries. Pattaya located less than 3 hours from the Bangkok and for this reason is also a popular holiday location for all the locals. With escalating property prices and new condominium developments, Pattaya is one of the best places to invest in Thailand.