Property in Pattaya is in demand despite general consensus.
Pattaya has always had somewhat of a shady reputation in the media eye, most commonly aimed at the nightlife and entertainment available to all who visit. However, despite this cloud that hangs over the wonderful city of Pattaya, there is certainly more on offer than entertainment venues.
Pattaya has been under the watchful eye of the local government and as a result has been through some substantial and significant changes. The changes that have been done include a widening of Beach Road, a much needed improvement. Bali Hai pier has been revamped, and with the removal of all those unsightly boats that were crammed into the road, the pier is now a much nicer place. There is still uncertainty regarding the future of The Waterfront Development. Since the plug was pulled a few years ago the towering structure has remained an eyesore for Pattaya and action needs to be taken sooner rather than later.
Property in Pattaya has also been at the forefront of coffee morning chats. It’s is true there are several developments as well as houses begging for a buyer. However, whilst that may put some people off, for others it really is a green light to increase property portfolios. Now is the time to snatch up some very lucrative bargains. Developers have seen an increase in Chinese and Indian tourists, all who have an interest in purchasing properties across what is now rapidly becoming a number one destination for tourism. With that in mind there are many very high end developments being built. Riviera Group maintaining the pace along with other corporate giants such as Global Top. Both of these highly respected developers have an impressive range of condominium projects under way. This indicator in itself will only add to the changing infrastructure Pattaya has to offer.
Property in Pattaya has also had to account for the economic climate here in Thailand. The British Pound has been devalued and shows no sign of improving in the near future. With rates hovering around the 40Baht to the Pound, naturally this has had a severe impact on British investment. With the economy in it’s current state, again this has led to scaremongering as owners are looking to jump ship and offload their property investments.
So with all what appears to be doom and gloom. Why possibly get involved in property I hear you ask? Well think about this for a second. Pattaya now has Terminal 21 Shopping Mall, a multi billion baht development. There is also talk of possibly a casino maybe being permitted to being built in the Bali Hai area. The beach front is not only being widened, but also the sand is undergoing a spruce up. Sand imported from nearby islands is being laid along Beach Road to enhance the waters edge. Let’s hope they also take care of the rubbish that sadly many tourists discard when using the beaches.
Inland, areas such as East Side Pattaya, AKA The Darkside, is also flourishing nicely. New road irrigation systems have been installed to combat the flooding experienced in high rainfall. Mapbrachan Lake is having a cosmetic face lift with a new cycle track currently being created. The Pong outdoor fitness center is also very popular among locals, giving people the option to exercise at any time of day or night. This free facility is just another improvement to the “Darkside”. As you approach the lake from Soi Siam Country, the brand new and what looks very impressive Gardens that is due to open officially any day soon, is another fine improvement to the local area.
Property in Pattaya and surrounding areas offers potential buyers so many options it really is impossible to list. There are outright purchase options, Buy to Let options with guaranteed yearly returns. There are of course rental options catering for all needs. Families, single people or business delegates, you will find suitable property in Pattaya and you won’t have to look long and hard to find it.