THAILAND - The future looks bright for Pattaya

Asia Property Report - November 21, 2006

The residential market in Thailand´s resort hotspot Pattaya has been resilient, due to pent-up demand from Pattaya locals, Thais and overseas buyers of condominiums and single houses.

As a result of the opening of the Suvarnabhumi airport, and continued improvements in the infrastructure and in the property market, more property developers are now entering the Pattaya market and launching a variety of developments, including residences, international chain hotels, retail and lifestyle facilities. This will benefit Pattaya and increase its attractiveness as a convenient leisure home location.

"We are seeing more people buying houses and condominium units in Pattaya as first homes, as second homes for leisure and relaxation, and as retirement residences. The rise in demand has been seen in all grades of residential property, particularly condominiums, which has been proven by good sales performances," said Aliwassa Pathnadabutr, managing director of CBRE Thailand.

>>Full article