Demand for Pattaya Real Estate on the Rise
Strong demand for vacations in Pattaya from Thais and foreigners will continue as the resort city remains one of the country's preferred tourist destinations. This high demand for Pattaya real estate continues to generate increased interest from investors in the city.
In 2016, overall sales growth in the condo and single-family markets increased by 80 percent compared to the previous year.
Uthai Uthaisangsuk, senior executive vice president of the business development and project development division, said the overall market for 2018 should be promising for property developers as the upward trend in purchase demand is still gaining momentum.
Many have noticed that there is really no low or high season and sales continue to grow from Thais and foreigners. Projects are selling out quickly thanks to all the investors who are watching the resort develop, more and more new hotels, restaurants, shopping centers.
With this strong demand for Pattaya property, this is a great opportunity for those investors looking to capitalize on rental income or buy off-plan and increase yields once completed. With an average yield of 7% on rental properties, now is the time to buy.
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