Overview of buying property and real estate in Pattaya
Pattaya is a well-known destination among Westerners, especially those attracted to Thailand by the pleasant and relaxing retirement opportunities here. Close to Bangkok international airport, Pattaya has been in the middle of a buoyant property industry boom and offers many options for those willing to buy property in Thailand. In addition to being a popular tourist destination it attracts plenty of retiring foreigners, part time expats and those working for multi-nationals on the booming Eastern Seaboard.
With new development projects mushrooming near and within the city, the choice of real estate for sale is wide and diverse. From condominium units (condos) to single houses or villas, the property industry of Pattaya is both sophisticated and developed. Although it is dominated now by luxury condos, there are residential houses available, presenting excellent value for money. Those interested in investing in Pattaya property will find good opportunities buying off-plan, with demand holding up.
However, under Thai law, foreigners are not allowed to own land in Thailand. They can only purchase up-to 49 per cent of a condominium building. Those willing to buy or build their own house usually do so via their Thai spouse or business partner for proxy ownership. But there remains a risk of losing control of your asset, and a good lawyer should be employed for the process of acquiring Pattaya real estate.
Buying property in Pattaya is a top option: the expatriate community is large, and well supported by an infrastructure of Westerner-friendly services, excellent healthcare, international schools, plenty of entertainment and international restaurants, clubs and social groups, a professional property services industry, agreeable weather and of course the beach. This all makes it easier to find tenants for property in Pattaya.
Many companies are involved in the property market, and finding an English speaking agent is easy. However, make sure that your agent is competent as they will be the key to your success in buying the property of your dreams in Pattaya.
In this section we cover various aspects of the Pattaya real estate industry.
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Buying condosThe biggest sector of the Pattaya real estate market for foreigners with a wide selection of modern luxurious buildings to choose from, suiting all budgets...more |
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Buying land or housesAn option for some with Thai partners, and an excellent way to create a dream tropical lifestyle of your own, but where to look and what to look out for...more |
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Renting condosPopular for short or part time stays in Pattaya an essential for investors, renting apartments in the city is well supported and good value...more |
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Building homesHeadache or headway, it depends on your construction company, knowledge of Thai and Thais, who you know and a few other essential tips revealed here...more |
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Investing in propertiesA good prospect here in one of Thailand’s most robust property markets, with good growth and stable outlook. Take your time to know the industry’s good and bad...more |
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Real estate agentsThe essential key to real estate in Pattaya, with numerous companies to service your needs according to foreigner expectations, here are some reputable suggestions...more |
- Guide to Real estate in Bangkok
- Guide to Real estate in Phuket
- Guide to Real estate in Samui
- Guide to Real estate in Chiang Mai
