Pattaya’s Real Estate Market – A Review

[mmaaarrrkkk 41]

One of these days, the reality of the world economy is going to hit the Pattaya condo market. From time to time, I've looked with a view to buying, but in the final analysis, it never made much sense. And for the buyers, things can only get better. I still see mostly overpriced shoeboxes. Three million baht for something that should cost no more than one million.

 

I think I'll rent.

 

This has been said many times but the thai economy still keeps on rolling along stronger and stronger than before. Many (not just this topic) view things from western eyes and dont see that aisa is a different market. True , its all inter-connected and if the EU and USA both fail , aisa will take a big bad hit but will still survive.

 

China , India has had double digit growth for many years now while Indonesia and Thailand have sligthly lower than that.

[captcraig2 120]

This has been said many times but the thai economy still keeps on rolling along stronger and stronger than before. Many (not just this topic) view things from western eyes and dont see that aisa is a different market. True , its all inter-connected and if the EU and USA both fail , aisa will take a big bad hit but will still survive.

 

China , India has had double digit growth for many years now while Indonesia and Thailand have sligthly lower than that.

 

From where do you get your numbers? from what I've read, just the opposite seems to be happening!

Edited December 22, 2011 by captcraig2

[mmaaarrrkkk 41]

which part?

[Ray Silva 0]

Not until the exchange rates move north will I be buying anything. 65 Baht to the pound and Ill start looking again

[jacko 8,822]

Not until the exchange rates move north will I be buying anything. 65 Baht to the pound and Ill start looking again

I doubt we will see that for a few years, if ever again. Edited December 28, 2011 by jacko

[TommoC 1]

Very interesting real estate article. Thanks for posting it. One newbie question - are the new condos for under 1 million Baht worth buying or are they too small? Have any Members bought into the new developments? If so which ones and do you like them?

 

Thank you.

[Gary 4,119]

Some buy when there are few pilings in the ground and maybe not even pilings. Some do OK and others lose it all. As for myself, I wouldn't buy anything unless I could put the key in the door and open it. After the door opens, I want to see if everything works. During the 1997 fiasco, some had a key and a front door but no water or electricity. The developer ran out of money before they finished the utility connections.

 

Why take a chance and buy in an unfinished complex when there are many finished and livable units available.