The story of the Pattaya condominium market has taken more twist and turns than any award-winning Hollywood blockbuster in the past ten years. It appears another one may be on the horizon, according to property experts, and it may see the market come good after a few years in the doldrums.
The city witnessed a boom between 2011 and 2013 with a record-setting number of condominium units launched during this time. The market struggled in the years that followed with the 2014 coup in Thailand and the rapid fall of the Russian rouble contributing to the market’s decline. However, the Pattaya condominium market is likely to benefit from the rising number of tourists returning to the area as well as the government’s investment in the Eastern Economic Corridor megaprojects.
“While a return to the boom years of 2011-13 is very unlikely, there are signs that the Pattaya condo market could start to pick up again in the near future,” Former Colliers research guru Surachet Kongcheep explained to the Bangkok Post. “Developers are counting on a number of government-backed projects to spur tourism and investment, which will have a knock-on effect on real estate. These include the Eastern Economic Corridor, expansion of U-tapao airport to serve more international flights, the extension of the Motorway to Map Ta Phut, a high-speed rail line, a monorail in Pattaya City, and cross-Gulf ferry service between Pattaya and Pranburi in Prachuap Khiri Khan.”
Pattaya condominium units currently available
Several outstanding deals for condominium units in Pattaya can be found on Thailand-Property. With the market predicted to pick up, now may be the ideal time to buy before prices increase. Here is a preview of just a few of the amazing units that are available for sale.
View from Pratamnak Hill
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