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Renting a property in Pattaya City, Thailand, for the long term can be an exciting decision, offering the opportunity to immerse yourself in this vibrant coastal city. However, entering into a long-term rental contract is a significant commitment, and it's essential to make informed choices. In this blog post, we'll discuss what you should consider when agreeing to a long-term rental contract in Pattaya and how Cornerstone Real Estate Pattaya can be your trusted partner in finding the perfect property.

Understanding Your Needs and Budget

One of the first steps in securing the ideal long-term rental property is understanding your specific needs and budget. Pattaya offers a wide range of housing options, from beachfront condos to city-center apartments. Here's how Cornerstone Real Estate Pattaya can assist you in this crucial stage:

Listening to Your Aspirations: Our experienced agents take the time to listen to your preferences and aspirations. Whether you desire the tranquility of beachfront living or the convenience of the city center, we work closely with you to identify properties that align with your lifestyle and goals.

Budget-Friendly Options: We understand that budget is a key consideration. Cornerstone Real Estate Pattaya has access to a diverse portfolio of rental properties, allowing us to match your budget with suitable options without compromising on quality or comfort.

Identifying the Right Location

Location is paramount when it comes to long-term rentals. Pattaya City offers a variety of neighborhoods, each with its unique charm and conveniences. Our local expertise enables us to guide you toward the most suitable location based on your daily life and preferences:

Beachfront Bliss: If your dream is to wake up to the soothing sound of waves and have the beach at your doorstep, we can help you find the perfect beachfront rental property.

City-Center Convenience: On the other hand, if you prefer the hustle and bustle of city life, we can identify properties in the heart of Pattaya City, ensuring easy access to shops, restaurants, and entertainment.

Partnering with Trustworthy Landlords

Signing a long-term rental contract is not just about the property itself but also the landlord you'll be dealing with throughout your stay. With over 18 years of experience in the Pattaya real estate market, Cornerstone Real Estate Pattaya has cultivated relationships with reputable landlords. Here's why this matters:

Peace of Mind: We have insights into the landlords' track records, ensuring you're dealing with trustworthy individuals who prioritize tenant satisfaction.

Efficient Problem Resolution: In the rare event of any issues during your tenancy, our established relationships with landlords enable us to facilitate quick and effective solutions, ensuring a stress-free stay.

Time and Money Savings with Cornerstone Real Estate Pattaya

By choosing Cornerstone Real Estate Pattaya as your real estate partner, you're not just gaining access to a vast selection of rental properties; you're also benefiting from our local expertise and industry knowledge. We can save you both time and money by:

Streamlining the Search: We eliminate the need for extensive property hunting by presenting you with tailored options that meet your criteria.

Negotiating the Best Price: Our negotiation skills can help secure favorable terms and rental rates that align with your budget.

In conclusion, agreeing to a long-term rental contract in Pattaya City, Thailand, should be a well-informed decision that caters to your unique needs and desires. With Cornerstone Real Estate Pattaya by your side, you have a partner who not only understands the market but also listens to your aspirations, identifies the perfect location, and connects you with reliable landlords. Trust our experience and expertise to make your stay in Pattaya as easy and relaxing as it can be. Contact us today, and let's embark on a journey to find your ideal long-term rental property in Pattaya City.

Are you dreaming of owning a piece of paradise in Thailand while enjoying high rental yields and returns? Look no further than Pattaya, a tropical haven that offers not only stunning landscapes but also incredible investment opportunities. In this blog post, we'll explore why Pattaya is the perfect place to invest in real estate, and how Cornerstone Real Estate Pattaya can help turn your dreams into reality.

Pattaya: A Haven for Real Estate Investment

1. High Rental Yields: Pattaya's thriving tourism industry and growing expatriate community create a consistent demand for rental properties. Whether you invest in beachfront condos or city-center apartments, you can expect impressive rental yields year-round.

2. Capital Appreciation: Over the years, Pattaya's real estate market has shown steady growth, making it an excellent choice for capital appreciation. As the city continues to develop and attract more tourists and expats, property values are expected to rise.

3. Diverse Investment Options: Whether you're interested in luxury condos, vacation homes, or properties for long-term rentals, Pattaya offers a diverse range of real estate investment opportunities to suit your preferences and budget.

4. Strong Tourism: Pattaya's allure as a top tourist destination ensures a consistent stream of visitors throughout the year. This is great news for property investors looking to generate rental income.

Cornerstone Real Estate Pattaya: Your Trusted Partner

Investing in a foreign real estate market can be daunting, but that's where Cornerstone Real Estate Pattaya comes in. Here's how we can help you achieve your investment goals:

1. Expertise: With years of experience in the Pattaya real estate market, our team of experts is well-versed in local property trends, regulations, and investment strategies. We provide you with valuable insights to make informed decisions.

2. Exclusive Property Listings: We offer a wide selection of exclusive properties, ranging from luxury beachfront condos to affordable city-center apartments. Our listings are carefully curated to ensure you have access to the best investment options.

3. Professional Guidance: Our dedicated agents guide you through every step of the investment process. From property selection and due diligence to negotiations and legal matters, we provide comprehensive support.

4. Maximized Returns: Our focus is on helping you achieve the highest possible rental yields and returns on your investment. We analyze market data and rental trends to optimize your property's performance.

5. Satisfied Clients: At Cornerstone Real Estate Pattaya, client satisfaction is our top priority. Many landlords who have partnered with us to buy and manage their properties have been so pleased with our performance that they've taken the time to leave 5-star reviews on our website and Trustpilot.

Trust Cornerstone Real Estate Pattaya to Make Your Dreams a Reality

Investing in Pattaya real estate is not just a financial opportunity; it's a chance to own a slice of tropical paradise while enjoying impressive returns on your investment. With Cornerstone Real Estate Pattaya as your trusted partner, you can navigate the market with confidence, access exclusive listings, and tap into the expertise of our dedicated team.

Don't just take our word for it; read the glowing reviews from satisfied clients who have turned their real estate dreams into reality with Cornerstone Real Estate Pattaya. Join the ranks of successful investors who have discovered the potential of Pattaya's real estate market, and let us help you embark on a journey towards financial success and a piece of Thai paradise.

Invest wisely, invest with Cornerstone Real Estate Pattaya, and make your investment dreams a reality today!

Pattaya, Thailand – a name synonymous with stunning beaches, a vibrant city center, and a thriving expat community. This coastal gem has long been a popular destination for tourists and expatriates alike. But what if you could make it your permanent home? In this blog post, we'll dive into the beauty of Pattaya, the ease of buying property as a foreigner, and the convenient amenities that make this location perfect for international living.

The Beauty of Pattaya

Beaches That Take Your Breath Away: Pattaya boasts some of the most beautiful beaches in Thailand. The crescent-shaped Pattaya Beach, with its golden sands and clear blue waters, is a sight to behold. The nearby Jomtien Beach offers a more relaxed atmosphere, perfect for sunbathing and water sports. If you're a fan of pristine, untouched beaches, a short drive away, you'll find serene spots like Wong Amat Beach and Naklua Beach.

Vibrant City Center: Beyond the beaches, Pattaya's city center is a bustling hub of activity. From lively markets to world-class dining and nightlife, the city caters to all tastes and preferences. Stroll along the vibrant Walking Street or explore the local markets for unique souvenirs and delicious street food. The nightlife is electrifying, with bars, clubs, and entertainment venues to suit every mood.

Buying Property in Pattaya: Foreigner-Friendly

One of the most appealing aspects of purchasing property in Pattaya as a foreigner is the straightforward process. Here's a brief overview of how it works:

1. Condominium Ownership: Foreigners can own a condominium in their own name without restrictions, thanks to Thailand's Condominium Act. This means you can enjoy full ownership rights, just like a Thai citizen, making condos an attractive option for expatriates.

2. Legal Assistance: To navigate the property buying process smoothly, it's advisable to advice from a qualified real estate agent, such as Cornerstone Real Estate who have over 18 years Pattaya Property experience, and who specializes in real estate transactions in Pattaya, Thailand. They can guide you through the legal requirements and ensure a hassle-free purchase.

3. Due Diligence: Before buying any property, conduct thorough due diligence. This includes checking the developer's reputation, verifying the property's title deed, and understanding the terms of the sale. Again with their experience, Cornerstone Real Estate can take you through all steps and show you how, and what they do for you.

4. Financing Options: While foreigners can own property, they often cannot get a mortgage in Thailand. Many expats choose to purchase properties with cash or explore alternative financing options.

Convenience for International Living

Pattaya's allure extends beyond its natural beauty and foreigner-friendly property laws. The city offers a range of conveniences for international residents:

1. International Schools: Pattaya is home to several reputable international schools, making it an ideal choice for families. Schools like Regents International School Pattaya and Tara Pattana International School offer a world-class education for expat children.

2. Golfing Paradise: Golf enthusiasts will be delighted by the world-class golf courses in the area. Pattaya boasts some of Thailand's best golf clubs, including Siam Country Club, Laem Chabang International Country Club, and Phoenix Gold Golf & Country Club.

3. Excellent Connectivity: Pattaya's location along the Gulf of Thailand provides easy access to various parts of the country. The city is just a short drive from the capital, Bangkok, and the recently expanded U-Tapao International Airport makes international travel more convenient than ever.

In conclusion, Pattaya, Thailand, offers not only stunning beaches and a lively city center but also a welcoming environment for foreigners to buy property. With the ability to own a condominium in your own name and a range of amenities like international schools, golf courses, and excellent connectivity, Pattaya is an ideal destination for those seeking the perfect blend of natural beauty, convenience, and a vibrant expat community. Consider making Pattaya your home, and experience the best that Thailand has to offer.

 

The city of Pattaya, Thailand still boasts to be one of the best resort cities in the world that gives a choice of over 30 golf courses within a 45 kilometre radius.

Many of the courses in this area are of International standard, with the Siam Country Club Old Course hosting the woman's LPGA event every February and Phoenix Gold Golf & Country Club hosting the Thailand Masters, and the WPGA Phoenix Ladies Classic each year.

Each and every course is unique, however they can all boast breathtaking views, and special features which make them very memorable to anyone having the pleasure of playing them. You can choose courses that are traditional links courses with tricky rolling fairways, strategic pin seeker courses, or parkland layouts with wide open fairways.

Lots of these courses include their own resort so that you and your family can book in for multiple days and enjoy plenty of rounds of golf. After you finish your round, you can enjoy a well-deserved dip in there swimming pool, unwind and relax your muscles in the sauna, and then dine in style with views over the golf course. Then…. up the next morning for another round of golf.

Many of the golf courses have been designed by some very notable names, such as Nick Faldo, Jack Nicklaus, and Peter Thomson.

Pattaya City is just 1 hour away from the Thai capital, Bangkok, and less than 1 hour journey time from the Suvarnabhumi International airport. If you are not hitting balls on the golf course, then head to one of the city’s incredible beaches, enjoy a meal in one of many beachfront restaurants, or, once the sun has set, head for an enjoyable night out at one of Pattaya’s Entertainment Districts.

https://www.youtube.com/watch?v=S6yttj77XdA&list=PLASmel9KkeJ4K1DHEelqXpQRMJTQMA9-s&index=1&t=92s&ab_channel=BuzzinPattaya

Click to review the video blog which we did via the Buzzin Pattaya Youtube channel. We will aim to make a new video each month covering various topics relating to Pattaya, Property in Pattaya and things relatable.

Enjoy

Thailand’s Gulf really does boast some of the best sailing conditions in the country. Supported by optimal winds conditions, some truly breathtaking islands, crystal clear waters, and fantastic weather almost all year round.

The Ocean Marina Yacht Club Pattaya is located on a glorious stretch of coastline, and just 12 kilometres from Central Pattaya. It stands as one of Asia’s largest marinas, one of the few that offers full facilities for yachts.

Ocean Marina Yacht Club Pattaya is Thailand's first unique marina lifestyle complex, renowned as one of the best marina-front leisure destinations and the biggest marina in Asia.

Ocean Marina Yacht Club Pattaya offer over 380 superior quality, modern floating berths which have been designed for all types of boats, from day runabouts, to super yachts of up to 215 feet.

Either side of the marina are some beautiful stretches of sandy beaches and some superb beachfront restaurants and bars. Fresh seafood & cocktails whilst soaking in the views.

The latest extensions to the Bangkok/Pattaya motorway have meant that there is now an exit directly opposite Marina. It is now possible for Bangkok luxury yacht owners to leave their home in the capital and be sailing with the wind in their hair in less than 2 hours!

When considering air travel, U-Tapao airport is just 25 kilometers further South from the Ocean Marina Yacht Club Pattaya and is the perfect landing pad for all international sailors, and enthusiasts who arrive to participate, or watch the various sailing events and shows. These are hosted regularly and attract large crowds throughout the weekends.

East Pattaya. “What, and where is it?”, and why has it become so popular?

Firstly, East Pattaya is categorised as a large residential area, which is on the Eastside of the Sukhumvit Road, away from the city centre and Pattaya’s coastline.

This area is bigger than most people appreciate, when you consider that it stretches over 15kms East, away from the city, and also has a North to South distance of over 25kms. This whole area is broken up into smaller sub districts such as Nong Plalai, Nongprue, Pong, Mabprachan, Huay Yai, Baan Ampur etc, however, most refer to it simply as “East Pattaya”.

East Pattaya is a very different environment than Downtown. You will not find dozens of fast food chains, coffee shops, high rise condominiums or shopping malls here, but you will quickly identify that there are plenty of excellent Thai and International restaurants, fresh food markets, specialist clinics, pet stores, Thai and International schools, world class golf courses, and an ever growing choice of attractions.

Many of the businesses that used to be in the city, such as casual dining restaurants, offices and law firms, and larger supermarkets (such as Topps supermarket), are moving across Sukhumvit to East Pattaya, in order to take advantage of cheaper premises that offer the necessary car parking spaces that modern Pattaya residents requires.

Although many attractions are popping up around East Pattaya, this is not considered a tourist zone. Yes, there are coaches travelling to and from dolphin shows, sheep farms, beautiful temples, golf courses and water parks, but these are simply “passing through” and return their customers back to the hotels, and resorts throughout Pattaya City, and Jomtien.

East Pattaya can certainly be classed as residential. It is thought of as “home” by Thai and Foreign families with children, Ex Pat workers who are brought here to operate and manage the huge factories and logistics centres within the area, and retirees looking for a more peaceful lifestyle.

It’s a completely different lifestyle from the hustle & bustle of the city. It’s far more relaxed and laid back, and as more and more families move in, you get to see them jogging or cycling around Mabprachan reservoir, playing Polo, and even Cricket! There are full car parks outside new and established restaurants every evening, with people enjoying a Sunday roast dinner whilst watching various sporting events, as their children play safely in the grassed gardens, paddle pools, or climbing frames set within the property grounds.

The housing market in East Pattaya has a diverse range of properties.

There are smaller 2-bedroom terrace homes all the way through to 10-bedroom “mansions” on large landscaped plots with private pools with maid’s quarters or guest areas. Properties can be found as stand-alone buildings or within gated communities offering security and communal pools.

Low-rise condominiums are also being developed in East Pattaya, but you’ll not find the tall skyscrapers which dominate the Pattaya skyline here, as they do not comply with the city’s zoning.

Compared to prices in and around the city, you will certainly feel that you get “a lot of bang, for your buck”! It may be possible to half your monthly rental by moving out of the city, or upgrading from a small studio, or 1 bedroom condo into a 3 bedroom house with a small private garden and some communal facilities.

Likewise, when it comes to purchasing a property, you could invest much less money for a newer home than something comparable in the city which could be 10 to 15 years old!

This is due in the most part to land values. Pattaya is no different from other cities in the world in this respect. The closer you move to the centre, the more you will need to pay for the land. There are many people that can afford to live in a loft apartment overlooking Central Park in Manhattan in New York, but prefer an Estate in the suburbs. It all comes down to lifestyle choices. If you want the non-stop lively Pattaya lifestyle, beach access and inevitable massage parlors on every corner (or next to the 7/11 on the corner) then East Pattaya may not be for you. However, if you wish for a more sedate lifestyle with more choice in accommodation style and size, and if schools, golf courses and accessibility are more of a consideration for you then East Pattaya may well be the right choice. Rolling hills, mountains with walking trails, historic temples, lakes and even the odd farmyard remind you on a daily basis of the beautiful country that Thailand most definitely is!

Quoting a sentence written by Mr. Bart Walters in an edition of the local Real Estate Magazine, he signed off from a similar review of East Pattaya by saying “once people make the move, nobody comes back from the East Side”

East Pattaya – A home in Thailand.

Build wealth overseas easily.

Pattaya has easily become one of the most favoured places for foreigners from Western countries to retire, and the worlds capital party town.

Pattaya City has become one of the biggest cities in Thailand, and seen a wide range of changes to the property market, and tourism sector during these times.

Future
Pattaya City offers easy direct access from the International Suvarnabhumi Airport via the Bangkok-Pattaya motorway. Also, there are convenient access routes to the Eastern Seaboard estates, and now parts of Eastern Pattaya are right in the heart of the new “Eastern Economic Corridor” infrastructure projects. These upgrades will see the local (U-Tapao) airport become Thailand’s 3rd busiest International airport and develop a national maintenance center to oversee commercial repair and overhaul services, and an aviation training center. Along with this the long time promised High Speed Rail Link that will join Bangkok with Pattaya, this city shall quickly grow in interest and thus property values shall rise accordingly.

Lifestyle
The retirement and family Ex Pat market sees Pattaya City as a more attractive location to the capital (Bangkok) as it offers far less traffic congestion and air pollution, a more relaxed and healthier lifestyle with clean fresh air, lovely beaches, and a large choice of world class golf courses.

Also, on the doorstep are a good selection wide range of Thai & Western restaurants (many with children’s playground), plus lots of family activities, lakes and tourist attractions.
Add to this the excellent choice of International schools and The Asian University, this whole area supports every family’s requirements.

History
Pattaya City covers a large territory and was predominantly a seaside location, with multiple smaller beaches creating individual areas such as Wongamat, Jomtien and Pratumnak. Now the city limits stretch 20kms south along the coastline to Baan Ampur and Bang Saray, plus 20kms east to include the residential housing market, employees from the ever-expanding Eastern Seaboard and the Western Ex Pat community.

Throughout the years, Pattaya has continued to grow even during the U.S and European economy crisis of 2008, and the Russian Ruble crash of 2014. Compared to prices in Bangkok with its daily congestion, or the premium islands such as Phuket or Koh Samui, Pattaya City still has an excellent array of properties to suit every budget and purpose.

Condominium Choices
There is now a good choice of condominium style available throughout the city. There are the obvious high-rise towers which span the Pattaya coastline from Wongamat beach all the way to Bang Saray beach around 35kms south of Pattaya City. These tall skyscrapers boast some incredible high floor panoramic views of the whole metropolis, yet tend to be the most expensive properties when calculated per square metre. So, if you want to live in the sky, you need to pay for it!

New towers along the coastline will start from around 100,000 Baht per square metre (approx. US$6,000 pr.sqm) up to 200,000 Baht per square metre (approx. US$12,000 pr.sqm) for the higher floor units and penthouses.

As well as these tall structures, there are developers building more simple, cheaper low-rise buildings. These tend to be a maximum of 8 stories. Older low-rise condominium complexes tend to be just 1 or 2 buildings with large apartments within. The newer complexes are now becoming very creative and have started creating “resort style” developments which can feature lagoon central swimming pools, underwater or poolside gymnasiums, waterfalls and water slides similar to themed waterparks!

Because the overall constructions costs are cheaper to build a low-rise building in comparison to a tall high-rise tower, the prices are typically a lot lower cost to purchase. Many rental investors choose this type of condominium project as the initial outlay is less for a similar rental return, or the lower cost allows investors to purchase multiple properties within the same project so that it is easier to manage as a rental portfolio.

Low-rise Condominium projects can start from around 65,000 Baht per square metre (approx. US$2,000 pr.sqm) up to 100,000 Baht per square metre (approx. US$6,000 pr.sqm) for the higher floor units and penthouses.

It is typical to see high rises along the coastline, and the low-rise complexes a little further inland but with lots of onsite facilities.

Beach and Countryside Houses
As Pattaya expanded from a small fishing town into one of the biggest cities in the country, the spaces to build have moved away from the coastline and further inland. Houses which are close to the sea or within the city limits are either starting to show their age and can be in need of total renovation to bring them up to 21st Century standards, or the properties have been built on recently purchased land plots that have become rare and highly sought after, that mean that after the initial land purchase and construction costs these homes are in the upper price bracket anywhere from 8,000,000 – 15,000,000 Thai Baht (approx. US$450,000) for the slightly older properties, rising quickly to between 25,000,000 – 80,000,000 Thai Baht – (approx. US$2,500,000++)

Driving just 15 minutes East and heading out of town you come to a huge residential housing area of Pattaya where there are a huge variety of properties ranging from stand-alone homes, terraced town homes, and Thai or Western secure village compounds with every house of similar style and including on site facilities such as communal swimming pools, fitness centers common gardens which may have children’s play areas. These villages are secured by entrance barriers with access granted by the onsite security guards or by more modern keycard entry. In many of the more expensive villages there can be CCTV installed around all the internal roads and common areas, landscaping throughout the whole village and even fiber optic Wi-Fi everywhere.

New prices for villages like these in East Pattaya can start from as little as 3,500,000 Thai Baht (approx. US$100,000) for 2-3 bedroom properties set upon 200sqm to 400sqm and rise upwards to around 7,000,000 Thai Baht (approx. US$200,000) for larger homes, land plot or total developer fit out and furnishings.

Also, another option would be the stand alone homes which typically sit upon much larger land plots, between 600sqm to over 1,600sqm. Easily secured with high walls and modern security such as alarms, CCTV, motion lighting etc. they are just as safe as other homes. These larger plots offer owners the chance to create lush tropical gardens, have larger private swimming pools, guest houses, outdoor dining areas and large covered terraces.

Large stand alone homes like these can be valued between 8,000,000 Thai Baht (approx. US$250,000) to around 15,000,000 Thai Baht (approx. US$450,000), however you can expect to pay between this, and anywhere up to 45,000,000 Thai Baht (approx. US$1,250,000) for the most lavish

The choice is yours!!

Why not get in contact with us and we can help to tailor the best investment package to suit your needs and budget? Email info@cornerstone.co.th or call our office +6638411250

There’s more to Pattaya than just the sexy girls!!

If you want to recover financially or easily build wealth in a Foreign country, where it is possible to purchase multiple properties with minimum ownership costs and virtually no tax on investment then please read on.

Alternatively, Thailand is a great country to retire to on a foreign pension, with its amazing climate, friendly people, stunning beaches and countryside and bustling, modern capital city. Comparing costs to their home country, retired expats enjoy living a better life for less!

Pattaya City is now an international destination for so many reasons: tourism, vacations for medical reasons, National and International sporting events, finance, and worldwide business and trade conferences. Pattaya city has also grown to become Thailand’s largest and most well-known resort city. It enjoys sustained growth from the booming tourism sector, which draws millions of visitors from around the world to Thailand each year.

Investors in the real estate market in Pattaya City can expect the property market to follow recent trends, including growth driven by foreign investment in holiday properties and favorable conditions for foreign buyers and developers. Pattaya City’s diversified economy leads to a more stable real estate market when compared to other resort cities in Thailand and the greater Southeast Asia region.

As Pattaya City becomes the major industrial hub for the country, and to cope with the increasing amount of transportation, needing direct high-speed access to the growing manufacturing estates throughout the region, the government have signed off on the development for the “Eastern Economic Corridor (EEC)”.

The first of the projects is the completed Bangkok – Rayong motorway. This multi lane motorway links the International “Suvarnabhumi” Airport through the province of Chonburi where Pattaya City is located. Passing the Laem Chabang deep sea shipping port and cargo logistics hub, it turns slightly inland, past the Eastern Seaboard with its mass of International companies manufacturing everything from steel, micro chip technology to pet food and garments. Finally, after the approx.150kms journey from its origin, it ends at ‘Map Ta Phut’ in the Rayong province with most of Thailand’s car manufacturing, and the countries oil & gas petrochemical plants.

Further additions to the new “Eastern Economic Corridor” infrastructure project are the continued upgrades to the (U-Tapao) airport which is just 30kms south of Pattaya City. This airport is being developed to become Thailand’s 3rd busiest International airport and also to be the national maintenance centre to oversee commercial repair and overhaul services, and an aviation training center.

Along with this the long time promised High Speed Rail Link that will join Bangkok with Pattaya City, this city will quickly grow in interest and thus property values will continue to rise accordingly.

Investments in infrastructure and economic development projects have already yielded gains for the property market from Bangkok to Phuket and beyond, so the expected growth this will bring to the Pattaya region is very exciting.

With a reportedly strong 8,000,000+ visitors each year and an expat population of at least 40,000, the outlook for the whole province looks fantastic. The uptake rates of condos here in Pattaya City surpassed the national average in 2018, which is another indicator of a healthy demand for current supply.

Pattaya City’s real estate market is more resilient than other tourist destinations in Thailand due to its diverse range of tourism and industry, property values are still in large part driven by foreign investors. Property values here can therefore be at the mercy of other international trends, such as the declining value of the Ruble which has recently led Russian investors to sell off properties and temporarily exit the market. That being said, there are areas within the Pattaya City market that may show dependable prospects for demand and growth from both foreign and local investors.

There is a real shortage of house-rental availability due to the number of working Expats filling the best properties quickly. The East Pattaya area close to the highway routes, Eastern Seaboard and the increasing number of International schools has seen the largest occupancy.

Recently, Chinese investors have started to invest in larger numbers than before, in both the upmarket and mid-market segments. Pattaya City, along with Phuket and other secondary cities, will remain a major focus for Chinese-driven development and property sales in 2019.

Like any property market, buyers should be aware of the fundamentals of the real estate market as well as trends over the short-, medium-, and long-term in order to make an informed investment.

Cornerstone Real Estate and our staff have over 20 years combined experience solely in the Pattaya City marketplace, so are well placed to offer our clients the very best information and advice for their real estate decisions. Whether looking to purchase land, house or a condominium, or searching for a rental property from our extensive portfolio, we have the ability to help you in your next investment.