Real Estate and Construction with full property management services, including house & land sales on Ko Samui
Pattaya Condos
Buying a condo in Pattaya is the most popular option among foreigners, as they are allowed to own a condominium provided the total number of units in the building owned by foreigners does not exceed 49 per cent. For those who have no legal avenue to own land, this is the best option. Sales of condos in Pattaya are equally supported by Thai buyers, due to the convenience and close proximity to Bangkok, providing a weekend holiday home. Most of the Pattaya condo projects are on or near the beach as it’s essential to have sea views from the prime units.
The condo market in Pattaya has outperformed the more upmarket resort destinations of Phuket and Samui in recent years, as new project launches have achieved excellent sales results.
The critical consideration before purchasing a condo is who owns the building and how it will be maintained. Compared to houses, condominiums are comparatively expensive and their prices general increase the higher up you are. Another increasingly popular option is to buy older condos in the less desirable buildings and do them up. Renovating is relatively cheap in Thailand and there are plenty of shells that can be snapped up at reasonable prices. Many condos and houses can be found advertised in the Pattaya newspapers, along with a variety of agents and lawyers to assist.