5 Indicators Showing That Pattaya Is An Excellent Property Investment Place In 2014
If you have the right financial capability, it would be wise to spend that money on an investment that will generate a healthy cash flow. In case you’re looking to expand your real estate portfolio and make a smart investment for your financial future, then Pattaya, Thailand is an excellent option for 2014. Let’s explore the reasons why you should check out property and condos for sale in Pattaya this year.
As any smart real estate investor knows, to expand your portfolio efficiently you have to find a location famous for its constant crowd flow. Pattaya is a very popular holiday and tourist destination. It is also home to one of the most beautiful beaches that attracts both Thais and foreigners.
The Pattaya property market has a long-running and consistent track record
Not only is Pattaya a dream travel destination, but it has become the preferred spot of many property investors in the past few years. The popularity among investors stems from its consistent and long-running track record in economy and tourism. Even if you’re not a real estate investor, Pattaya is still one of the best locations to own a vacation home.
Gaining ownership of a Pattaya condo is straightforward
As you probably know, attempting to obtain a certificate of ownership in a foreign country is generally a daunting and stressful process. In fact, you must meet quite a few criteria before you become eligible to own property in a different country. Thanks to the 1991 Condominium Act, you won’t have to deal with sophisticated paperwork and absurd requirements when buying property in Pattaya. As long as you make the mandatory payments on time, you can own your own condo in Pattaya with no trouble or fuss.
Although a popular tourist hotspot, you can purchase property in Pattaya at a fraction of the cost you would normally spend to acquire houses or condos in Europe and North America. The properties are quite affordable and from the looks of it, they’re not going to inflate sharply in the near future.
You have a lot of flexibility and fewer constraints with the Pattaya property market
With so many construction projects already completed and many more to be finished next year, there’s no shortage of options when it comes to properties in Pattaya. In fact, the construction developers are even willing to discuss a customized home style with their clients so your options in Pattaya are limitless!