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62
Pattaya Condos: History and Future
Short version: No troughs, no stalled property market, busy Land Office, 25 property sales since 2010, TOM of about 6 months on average, no pushing of property, opinions given on real estate issues when I think warranted, continued salt intake advised. Longer version: Spouse and I sold two properties during covid. People were still buying and selling then in Pattaya. We haven't encountered any "troughs", even during covid, although I would say there are fewer Chinese buyers at the moment. There doesn't seem to be a trough now, if the busyness at the Land Office is any indication. I haven't posted a "stalling property market" because it has not stalled, at least for us and the many others crowding the Land Office. Sorry if our experience doesn't fit your narrative. To answer your Time On the Market, (TOM) question, we arrived in Pattaya in December of 2010 from Rayong. We have sold 22 properties in Pattaya, 2 in Rayong, and 1 in Bangkok. So, 25 property sales in 15 years. Our properties are not sitting on the market for "years, yes years". Mostly, the Pattaya properties have sold on average in about 6 months, with one or two taking longer. We try to field a good product, at a competitive price, and we like quick sales because, as I mentioned in another post, I am lazy. Most of our sales have been through the hard work of realtors, although we have sold a few ourselves. Our house sale on July 4th was a fairly typical sale for us. I sent the initial email out putting the house on the market to realtors on March 20th. This went to about 45 individuals and agencies, in some cases both an individual agent and his or her agency. We thought we had a buyer in late March with one of the first showings but it didn't pan out--such is real estate. A few showings but not a lot happened in either April or May, with all the Thai holidays and some realtor offices closing for Songkran. June saw three serious buyers emerge and the first buyer to show up with money got the property. Time on the market (TOM) March 20th to July 4th. The sequence I just described is fairly typical of how a property sale goes with us. If you actually read my posts carefully you will find they are mostly of a similar vein to this one--describing my experiences and sometimes giving pointers that I have learned, often the hard way--such as buying a condo in foreign quota, if possible. I would not describe any of my posts as "talking up the property market here", and I have never advised anyone to buy property here--or anywhere else. In some cases, I will post my take on a subject, based on my experiences. For example, some have posted here that real estate agents are useless. That has not been my general experience and I have provided an alternative point of view, and will continue to do so--especially when a howler of a post shows up. When I do comment on something, I try to give examples, or provide some detail, as I did with this post. Anybody is, of course, welcome to skip my posts altogether, or take them with your "grain of salt". -
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Politics Thai Poll Reveals Over 80% Want Suspended PM to Step Down
It doesn't matter what the people think democracy Thai style while the elites are pulling the strings -
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Community Naked American Man in Drug-Fuelled Frenzy Found in Condo Drainage Tunnel, Bites Rescuers
UPDATE This is Thai media coverage of the incident. -
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That Was Lucky.
Starmer has dodged a Bullet on this one. Trump is arriving into the UK for a visit between the 17 till 19 of Sept this year. Coincidentally Parliment will not be sitting so any awkward Questions Starmer could be asked like the freedom of speach in the UK or the Police Two Tier Policing as in the Lucy Connoly case has been dodged. Farage has asked for Parliment to be opened for Trump to deliver a speach in the House of commons. I think we all know what the answer will be. Plus Trump will not be happy seeing his baby blimp again with demonstrators about him being allowed into the UK. -
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Report 31 Arrested in HCMC Crackdown on Illegal Laughing Gas Network
I bet they couldn't stop laughing. -
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Report Fed-Up Nottingham Dad Moves Family to Thailand for New Life
So he's gonna lose £200 a month child benefit, he will also lose anything upto £5,000 in other benefits, he will need to pay approximately £400 per month health insurance, he'll also need to contribute £1,850 a year towards his NI contributions ( voluntarily)..not to mention schooling....not sure they have thought it through, unless they haven't informed.DWP like so many do claiming for their kids...good luck to them but without working, it ain't gonna last long
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