There are lots of advantages of purchasing something that is of higher quality and this is definitely the case when it comes to condos. Units that are located in high-end buildings retain their appeal and their value for decades. Often these buildings are in prime locations, often on the beachfront and this land that is becoming harder to find. Quality management teams and communal facilities also help to make properties more desirable.
Pattaya is a city that is thriving, the demographics of the tourists coming may have changed over the years but each year sees an increase in the numbers that are visiting the city. This proves that Pattaya is a popular location to live, work and visit. Whilst Pattaya seems to be on the up, Phuket has perhaps stagnated in terms of its appeal in recent years. For this reason alone, Pattaya becomes a more attractive proposition if you are thinking of purchasing a condo and a high-end condo at that.
Fantastic 1 bedroom condominium for rent in Northshore, the luxury development on Pattaya Beach Road
The city will see substantial growth again in the next few years with the Eastern Economic Corridor creating more jobs in the already bustling Eastern Seaboard region. Many of the expat workers will be looking to live in quality accommodation with their families so high-end condos will be one of the obvious options. These quality properties are great to bring up families in with the facilities usually being of the highest order meaning that children have plenty to do in a safe environment. In addition, there a likely to be other families living in the same building so they will quickly be able to make new friends.
There have been some major improvements to the infrastructure in Pattaya and the surrounding areas that also adds to the city’s appeal. The improvements to U-Tapao airport has made the city more accessible with an increasing number of international flights going to the airport. The road network is constantly improving and work on the new high-speed rail link is expected to commence later this year. This is again likely to see high-end condos appreciate in value due to increased demand.
Ultimate luxury duplex penthouse with private pool in Amari Pratamnak
The fact that Pattaya is relatively close to Bangkok makes it a great option for investors with many Thai nationals living in Bangkok having weekend holiday retreats in the city. Many are extremely wealthy and will only be interested in the higher quality buildings and purchasing them with the intention of keeping them long-term and perhaps gaining some capital appreciation (on paper at least) over the same period.
Finally, even if you are looking to purchase a high-end condo the chances are that you don’t want to be frivolous with your money. The cost of living in Pattaya is considerably cheaper than that in Phuket meaning that you can invest your hard earned money on other things rather than spend it on day-to-day items. Again, this is perhaps one of the reasons why Pattaya has arguably overtaken Phuket for the preferred destination for westerners coming to Thailand.