Condo Prices In Pattaya

[rotherman]

Hi all

I was in Pattaya in may, and bought a nice condo with shared pool while i was out there. Just wondered if prices are going up or down at the moment. I was told by the agents that prices have gone up for the past 2 years, but then agents are not always a trustworthy source. I bought mainly for holidays in the winter months but it would be nice to think it was a good investment as well.

[bkkbound04]

u could check property prices via real estate websites

check the current market prices for areas etc...

check a few though to get a balanced idea

unless there has been major development around your condo i.e new bus routes, supermarkets, new coat of paint to exterior etc u probably wont see that much of a rise in 6 mths... 12-24

[thaiflyer1]

but it would be nice to think it was a good investment as well.

Now that would depend on how much you paid for it in the first place.

[TizMe]

I cant see that values will go up much if at all.

Points to consider:

The high vacancy rates at most condos.

The general lack of maintenance done at most condos.

The rate of building of new condos.

I'm sure that there are developments which might go against the trend.

Where is the one that you bought?

[galt67]

I don't know about ALL Pattaya condos, but the Markland's (Beach Rd, Soi 1) have increased 50%+ over the past three years.

Those condos offering a beach view with a CENTRAL location will probably (?) be OK.

But ONLY buy 'what you like'--You may end up owning it A LONG time as the realty market is illiquid.