Apartments In Pattaya Or Jontein

[burgerking]

Have been thinking about buying a small low end apartment in the Pattaya Jontien area. Would like to hear from anyone in the know, about this subject. Have seen some nice looking apartments in the 500 to 800 thousand baht price range, usually owned buy farang, so are quite nicely decorated.

Mainly looking for information in the Jotein area, as it will be an investment for the future of my daughter. I don't intend to rent it out as we will use it some weekends. ( Something to give her when she turns 21 ). So, i am looking at it as a long term investment.

Would i be better to put the money into an account for her?

Waiting to hear from anyone in the know

[burgerking]

Thank's for the comments "almong thai"

Like i said in the post it isn't a case of her hanging out down there, it is an investment for her, future. Too be quite honest, the wife (Thai) can't stand the place.

Well, me on the other hand i don't mind going down there, so i will be the one getting the use out of the place.

Remember i will be buying it purely as an investment.

Thanks in advance.

[backflip]

With transfer taxes, paying someone to find a tenant, hoping the tenant will pay, and then finding a buyer down the road...what sort of return do you think you'll be getting? Buy a CD.

[Chang_paarp]

A lot of people do not hink condo's are a good investment long term. Short term you can do OK but long term the investment has a life.

Look (click) here for a range of opinions.

[burgerking]

Hey "Backflip" Thanks for the positive reply (not). I think you should read the original post again, and then make your comments. As i made it clear that i wasn't going to rent it out.

[Thaiquila]

Well, I bought a condo and it has gone up in value, but really as a place to live, and don't want to ever have to sell it. So for me it is more of a consumer item than an investment.

I think if you want an easy way to invest long term in real estate without dealing with the messy stuff, try REITS (real estate investment trusts). I bought some about four years ago and they went up 400 percent.

Edited August 16, 2006 by Thaiquila