Blog posts tagged with 'overseas investment'

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!

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.

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.