Moving to Pattaya

[casper_uk 12]

Hi all,

 

We're planning on visiting Pattaya on the 12th Sept for a few weeks. Main reason is to take a look at property prior to a move over early next year.

 

Thing is, just wondered what your views are on the property situation .... rising / declining, over / under valued? Seems to be a lot of building going on.

 

Also, how flexible are the asking prices?

 

All wise words gratefully accepted

[fishingtime 0]

I would not think about buying until you have been living in Pattaya for six months. Then once I found the building and location I wanted I would rent for about six months. You don't want to buy the wrong place and have problems and/or lose your investment.

 

If you want to stay with Pattaya Beach itself look at Markland on Soi 1. Good management, nice building, far enough away from the action to be liveable but still on the baht bus route. Studio units about 45 meters will run 1.5 to 2 million baht. Larger studio units on the back side will run 2.2 to 3 million baht. The front units 2 bedroom 2 bath about 150 meters will run 6 to 10 million baht. These front two bedroom units are very nice and only two per floor. You can rent in the building and about 40% of the units are run as the Markland Hotel.

[casper_uk 12]

Thanks Fishingtime, I just read back my post and it must have been hard to comment without thinking "stupid brit, at least visit the place first!"

 

Maybe i should have said that a few of my good friends have recently bought land and property around Mabprachan Reservoir. All i was trying to do is benefit from the experience of more 'seasoned' visitors.

 

I take on board your point about renting for 6 months first though, valid point, but that's why i was trying to establish how the market was going. The last friend who bought there says whole estates where going in a couple of weeks?!

 

Thanks again

[Guest Fatboyfat]

If they have been "buying land" from UK, then they have been "done" or are Thai nationals ! Unfortunately I smell a scam here, or one about to happen!

[casper_uk 12]

Ouch! .... there are scams in Thailand??

 

no, they where out there last month and bought. Had a full guided tour by a 'friend of a friend' who owns property in Pattaya. I'm not saying they havn't been scammed but, they really have looked into things .... i'm just trying to do the same in advance of my visit.

 

Also, they're aware that non-thai's can't own land, only property and everything has to be done through a 'company name'.

[fishingtime 0]

Thanks Fishingtime, I just read back my post and it must have been hard to comment without thinking "stupid brit, at least visit the place first!"

 

Maybe i should have said that a few of my good friends have recently bought land and property around Mabprachan Reservoir. All i was trying to do is benefit from the experience of more 'seasoned' visitors.

 

I take on board your point about renting for 6 months first though, valid point, but that's why i was trying to establish how the market was going. The last friend who bought there says whole estates where going in a couple of weeks?!

 

Thanks again

 

Good condo units don't last long but like girls always another one will come along to fill the gap. Myself I don't like the idea of forming a Thai Corporation so you can own land and if you're not in Thailand all the time security for a house is hard. I think a condo is a better way to go for those who want to own.

[joep 0]

i would agree with you fishingtime a condo is probably the best way to go, i have been looking for the last two years for a condo but the hangup has always been the issue of having a dog on the property, haven't found a condo yet, at least one for less than 4,000,000 baht that will let you have a dog, if any of you out there know of a place please pass on the info it would be appreciated.

[torrenova 644]

haven't found a condo yet, at least one for less than 4,000,000 baht that will let you have a dog.

Try trading her in for a better looking model. These's thousands out there.

 

Sorry, couldn't resist that one.

 

Whilst the numbers can stack up for buying in LOS, you are usually talking about a depreciating, rather than an appreciating asset. Poor management with perhaps your having little or no imput, could also damage your investment.

 

Could you retain a property in the west, on part mortgage if need be. Then rent it out, cover your outgoings and have it pay or contribute to your LOS rent.

 

Also, Toxin et al could take away or change your rights for the worse leaving your condo or house worth less or bugger all.

 

Some property very poorly priced also. In stages, stay in hotel, move to condo, move to better / cheaper condo, move to condo in right area , buy or settle.

[aj 62]

;D try this web site it will answer all if not most of your question.  www.pattayaexpatsclub.com. they also have meetings on sunday mornings at h.j. bean north beach road. [smiley=cheers.gif] 20 days but who is counting ;D