Article
5 good reasons to invest in property in Pattaya
Real estate growth in the eastern zone Especially Pattaya city that received support from both the EEC and government investment As a result, both professional and amateur investors They are entering the field of investing in the real estate market. to seize profits from the benefits of economic growth in the eastern region There are also other reasons. Support to benefit real estate investment in Pattaya as follows
1. EEC law supports the real estate market
From the government's push for the Eastern Economic Corridor (EEC), which is the area in the territory of 3 provinces, Chachoengsao, Chonburi and Rayong, it has resulted in groups of investors both in Thailand and abroad. There has been more confidence in investing. In addition, most recently in February 2018, the National Legislative Assembly (NLA) passed a resolution approving the draft Eastern Special Development Zone Act B.E.... which is an additional factor supporting The economy in the Eastern region has continued to grow. Especially the housing market group that has come to support the growth of the area
2. U-Tapao Airport high speed electric train Factors to help strengthen the investment base
With clarity on investment by government agencies with the transportation system development plan Both the connection to the high-speed rail system from Bangkok to the EEC, including the opening of U-Tapao Airport, will result in tourism and real estate supply. Continuously growing In particular, the level of demand for second homes, both Thai and foreign buyers, has increased. This can be observed from the value of the condo. This is the most popular form of real estate at the moment and is continually increasing. The highest is 180,000 baht / sq m, similar to condos. In the late Sukhumvit area of Bangkok
3. The ferry route connecting the Gulf of Thailand, Pattaya-Hua Hin, transforms the Pattaya economy.
Another factor that helps transform the Pattaya economy is the construction of a ferry port connecting Pattaya and Hua Hin. This makes it possible to shorten the travel distance from 5-6 hours to just 1 hour. In the future, the government also pushes to be able to connect with the Bangkok port, which will further stimulate the economy. and investment money in the said area
4. Keep an eye on the Central Pattaya zone. Land prices are as high as 400,000 baht/sq m.
In Pattaya, a bustling zone for both tourism and real estate. It is still in the Central Pattaya area. Because in addition to being surrounded by shopping centers Important tourist attractions It was also found that there were a number of condominiums. There are quite a few left for sale. and with the potential of such zone As a result, the demand for land in Central Pattaya is quite high. It was found that the price of soil in this area is as high as 400,000 baht / sq m. Therefore, if you choose to invest in this area It will make the returns quite high. Therefore making it another project worth investing in.
5. Yield of real estate investment in Pattaya averages 4-5% per year.
When Central Pattaya is a potential zone of Pattaya City Therefore, it gives a return on investment in renting out real estate. In this area, the value of real estate and land is high, found to be on average up to 4-5% per year. Rents in this area start from 15,000 - 45,000 baht / month, which is considered high and similar. with condo investment In the Bangkok area This is for the South Pattaya zone. It is another zone worth keeping an eye on. Because we began to see progress in many areas. In addition, it is close to Sattahip, where U-Tapao Airport is located. In addition to having the advantage of decoration that is suitable for a vacation location, The project also guarantees a return of 6% for up to 5 years, making it another option for real estate. for investment
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