Thailand real estate market tips | Pattaya property market review & tips

Thailand real estate market tips | Pattaya property market review & tips


time real estate education on by Frank and while you are in it when people
think about a real estate in a place like time and they often think of
holiday homes and condos Thailand real estate has become much more for
many foreigners indicates that there is now a huge export market in many parts
of Thailand in there is also a great level of interest from new markets like
China has shown interest from the Chinese middle class market is great
news for any real estate market for most individuals real estate investment is a
big commitment so it’s best to educate yourself before you enter a new market
for the first time to enter the market you must do your research and even speak
to the locals the reason I said even instead of certainty is that many locals
for different reasons tend to give bad advice to newcomers and they can be very
convincing after a few beers down at the go-go bar therefore it’s best to only
consider advice from people locals and agents alike that either own
invested into would have bought sold real estate personally if someone’s
property portfolio is nonexistent or not very much then maybe they are not the
best people to advise you on your next property investment always make sure you
see can consider advice from real investors and those who bought as a mere
necessity for accommodation Pattaya I real estate market is not just
about holiday condos and villas anymore it’s now very diverse and it’s easy to
enter if you have your priorities right and your head in the right place what do
I need by having priorities I mean one shouldn’t buy just because something is
affordable or someone in a short skirt insisted that it’s the right size there
has to be a real proposed to service need or desire are you buying for
pleasure is it a real estate investment or both whatever the reason is that
needs to be identified during the early stages of buying the questions you need
to ask yourself are listed below what your teacher should have taught you
about property investment but probably Thailand real estate investing tips ask yourself why are you buying is this
a real estate investment decision or a personal by what are your future plans for this
property are you going to live in it rented or sell it how much do you know
about to Thailand real estate market who are you taking advice from how do you
intend to pay for the property do you know about all the different payment
options available in the town and real estate market note when you know what
payment options are available and you have determined in what ways you are
able to pay then you can make your buying power work in your favor for
example if you wish to pay cash for a property but you know that you have the
option to go on a payment due to construction time then by offering cash
you should will be entitled for a great discount if you ask the right questions
you will get the right answers so you must be prepared by being informed you
can only make informed decisions so keep the guesswork out and do your homework different real estate markets rental
properties in Pattaya have always been a very popular investment method for many
real estate investors in the market with a right rental property investors are
reaping then returns on their property investment of around 7% to 10% this ROI
figure is great compared to markets like Australia where the rental return is
only about 4% with very high agent fees the advantage in Australian real estate
market let’s say in Melbourne has compared to patti is in its high capital
growth capital growth is the main objective for most Australian property
investors the rental return is only a buffer against the mortgage repayments
the real estate market in Pattaya is very different first of all it’s still very cheap
compared to many other countries for the same money that you could buy a
beachfront condo impact I you couldn’t buy an apartment less than 10 kilometers
from the beach in Sydney if that so it’s much easier to enter the market the fact that it’s cheap also means that
it’s a cash market nothing is tied up to any time financial institutions that’s
why world financial crisis doesn’t hit as hard as it would hit other countries
or major cities where 90% of the real estate titles would be held up at the
bank against one or more loans from different mortgage he’s the only way to
global financial crisis affects the time and real estate market for foreign
investors is the shift in the values of different currencies at the present time
the USD currency is strong and so is the chinese middle class buying power so we
are seeing a shift in the market whereas before we had a very strong Russian
buyers market due to the strong Russian expat base in Thailand in particular
patty on which was a direct result of their strong currency against the Thai
Baht what happens depending on his Russian
market besides the bad luck of the Russian currency fall the mistake many
Russian buyers made was that they were capitalized hoping to make a quick
profit in the ones buzzing Pattaya real estate market especially the ones who
came later got hit by a weak sellers market pared with their weakened
currency this was mainly the fault of their advising real estate agents
promoting this quick sound technique at the wrong time in the market many agents are guilty of this envy same
agents are now making good money selling these properties for their disappointed
investors at 20% to 40% below market value it wasn’t just the russians who
made this mistake but at the time there were many russians investing big with
the hope of a quick reseal profit good idea but too late the good news is now for today’s
cashed-up and smart property investors or starters as they can now buy many of
these properties even cheaper than the late investors paid for the night launch
price so don’t believe when someone tells you that it’s a bad market it’s
only a bad market if you are selling but it’s an awesome market if you are lucky
enough to be in the position to by investing in Thailand real estate real
estate investment terms real estate investors know that property investment
turnaround time is around ten years in a hot in strong real estate market like we
had in Pattaya between two to five years ago many investors who got in early got
rewarded in need quick profits on buying and selling but never be fooled enough
by the quick turnaround times do you think that it will last forever only ones who profited where the
investors who got in early at the right time the ones they came late and over
invested to make up for their late arrival have their properties back on
the market at the present time all hoping to at least to recover some of
their hard-earned and eagerly spent money I received an email from one of my
property investors last month he said Frank if you were buying an investment
property in Pattaya right now what would you buy this question actually led me to
write this article as I know that I will enjoy enjoying it and I am smiles if you wish to make a successful
property investment decision you need to take many factors into consideration
especially in Pattaya where the market has shifted in slow down recently
compared to a few years back but this always happens in every market is the
cycle and will always be the same this might sound silly but when I look around
me and all the real estate market in Pattaya I see a very similar market to
the one I grew up in I grew up in Melbourne Australia so it does sound
strange but it’s actually not Melbourne is also a city by the sea and it
wasn’t always this metropolitan and advance the city of Melbourne is now
buzzing with a very profitable and solid real estate market I was lucky to start
my real estate career twenty years ago just after the big market crash which
saw prices decreased by never-before-seen figures but I did see
it crash and after I started around 12 years later I saw him crash again in
recovering in but this is not the point areas like st. Kilda elwood Richmond
Moonee Ponds Fairfield Preston Cooper Brunswick Pascoe Vale in Glenroy these
and many other areas where the ones nobody wanted to touch some available
landing plenty of houses for sale but if they had a choice new scene investor at
tht Island real estate sexy time they should invest there so why am i
mentioning these neighborhoods if nobody wanted to live in or invest there
because they are now some of the most expensive neighborhoods in Melbourne
back then there was much more beachfront in Seaside real estate land available
many industrial zones also with factories and workshops surrounding the
suburbs also lots of industrial zones around the center of the city in CBD
when residential and commercial development land ran out everyone
realized it cannot be so selective anymore if they wish to live near the
center were in a seaside neighborhood in the council started changing zones from
industrial to residential defeat the new trend that was suddenly starting to take
shape around 1996 a new trend was born in Australia when everyone suddenly
stony real value of being central to the CBD in around the bay side all
neighborhoods around the bay and central CBD good and bad neighborhoods their
prices skyrocketed in suddenly became the most expensive neighborhoods in
Melbourne all the other neighborhoods that were cheaper and more far away if
they were lucky enough to be located near any upcoming Speedway’s and
highways into a new train lines connected to the CDD they were next to
see a big profits these areas so as sudden increase of 30% to 40% peed on a
few years into the bottom that’s a very big figure for properties that were
worth only around 15 of the price of other neighborhoods begins on such a
small manageable investments a bit like past and the future of the
real estate investment for those investors who have the time to wait so how does the above story relate to my
investors questioned if you are familiar with Pattaya I think by now you understand
the point of the above story if you are new to this wonderful city in market
then let’s go straight to my answer the question was Frank if you are buying
investment property in Pattaya right now what would you buy before I start to
answer the question I must say but I always say in the beginning to all my
clients before you begin looking in the market for any time of real estate
investment deals first evaluate and understand why you want to invest ask
yourself what do you want to invest what are you trying to fulfill varieties
investment decision have you given thought to what type of investor you are
inspired to be. A rental investor in need of instant cash flow and steady
income where you after a capital gain maybe both what is your preferred investment
turnaround time are you a short-term or long-term investor what is your best
case scenario for this investment what are you hoping to achieve there is a
different type of investment property for every type of answer to the above
questions and everybody’s answers will be different real estate investment strategy should
not be one size fits all they must be tailored looking at it as a long-term
investment I have broken down my answer hoping to relate to as many investment
types as possible so here are my answers my advice is if you are buying a condo
in Pattaya I always go with a quality project in developer it’s different with
a house though as you can renovate or rebuild to modernize but with a condo
trying to be in a quality address in many countries you can buy rundown
apartments in do them for a profit but depending on the condo market is not
there yet there is still too much choice due to many new projects launching every
few months there are only two real factors that will help your property
investment compete with newer properties over time one location to quality if you go cheap
then your investment condo will suffer as everything will depreciate apartment
and building remember also not to go to cheap on maintenance fees as that is an
important factor that will protect your investment against physical and cosmetic
depreciation which will lead to your profit loss beachfront condos and houses
have a great future ahead and buyers of this type of real estate will see huge
gains if they have the time and patience to wait around seven to ten years of
beachfront condo can cost as little as $120,000 in beachfront house can cost
more than ten times that whatever your budget if you have the option to go
beach front then you should for it if you cannot afford to go absolute
beachfront then by something as close to the ceiling as possible investor money
in a quality real estate project as close as possible to the sea and if it’s
a condo then make sure it comes with the decent view, if the sea view is
permanent than even much better as it will be a very expensive feature of your
property it will make your property more liveable, in demand and
fashionable therefore more desired & profitable investing in land is a great way of
earning good capital gain if you have the money to service and hold on to it
even though foreigners cannot own land in their own names in Thailand however
there are legal avenues which make it possible for foreigners and invest in
land the land of smiles remember that investing in land or land banking as we
call it will not make you any instant or near future profit but will make you a
great capital gain if you were able to hold on to it for a good period of time a decent sized land in and around patty
on minimum one right equals 1,600 square downtown can and will also open up many
other possibilities if it’s in the right location real estate in Central Pattaya
is also a good investment in fact it can be a good short-term and long-term
investment any real estate in this location always carries a lot of rental demand
regardless of the type of real estate is whether a residential condo or a
commercial shop or house there are high present and future demand as the center
of the city often also means the center of business would neighborhoods in
Pattaya do I recommend my personal favourite Pattaya areas are Pratumnak Hill and cozy beach I strongly see a great future in these
two closely linked areas of course to closer to the scene of a terrific condo
then make sure you only buy quality any good project on Jomtien Beach Road sea views forever from almost any floor
men around the new Jomtien second road has seen such an increase in price compared to
only three years ago so if you were one of the lucky man buyer there three years
ago and back then you must be laughing all the way to the bank Silverlake area is a future upcoming
area this area is great for land banking as land prices are still very low
approximately 100,000 USD dollars per one right compared to patty I of around one
million dollars and rising Silver Lake is only 20 minutes drive from Central
Pattaya so there is not long to go when prices will be similar to current prices
there is lots of money being thrown at Silverlake via private investors on
water parks and world-class tourist attractions I see a lot of future potential in land
around the sunken vitro due to continual growth of the city in size and
population my favorite projects in Pattaya waterfront my two little group
South Point my kingdom property north shore by Raymond land bill by the
current CEO of Kingdom property North Beach by November reflections by major
development Golden Tulip residents in Centara Avenue residents both buy-to-let
group the Palm by Nova group

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