House Prices In Pattaya Falling ?

[thaimate]

does anyone think that house prices will fall in pattaya? seafront condos seem to be reaching ridiculas hights ,but houses seem only to be high in estate agents windows ,if you speak to the owner they are willing to take much less,this also seems to go for rental prices .

[hughden]

I spoke to a housing agent here who doesn't spout the usual BS. His view was that the housing market was dead, as was the mid-range condo market. The only movement is in small condo studios and high-end condos, provided they are foreign owned.

Unlikely prices will fall however, they never seem to do that; owners just sit on properties and wait. But if you can find someone who needs to sell........

[helicoptor]

There has been a madness on selling Pattaya on the back of the new airport being an hour away, people are not biting anywhere near as the developers thought they would, although they will all tell you that there developments are '70% sold - so hurry and place a deposit'.

The bubble has already burst IMO, the developments have slowed or stopped and regarding prices everyone is waiting to see what everyone else will do - they will drop but the question remains - when?

[Jingthing]

Based on what I know about Thai real estate history, they will NOT drop the prices overall. People will hold but the public asking prices will not go down. I agree now the way to a bargain is to sniff out the motivated sellers.

[Dupont]

Spent xmas and new year in Pattya and the prices are dropping faster than a 10th floor dwelling drunken falang who'se money and girlfriend just ran out.

If its going down there with all the benefits of the new airport and crazy daves 65 baht breakfast (nice one Dave) what hope is there for the rest of us?