Pattaya property market gets a boost

The property market in the Thai resort of Pattaya is bouncing back again to become a hot spot for condominium buyers, attracting foreign and Thai investors, according to consultants.

Pattaya’s strategic location will continue to be a key driver for growth in tourism and its property market, says international real estate consultants CB Richard Ellis.

It is the closest beachside town to Bangkok, just over an hour’s drive from the capital, and it has all the amenities including shopping, good food, quality five star hotels and properties, golf courses, and beaches. These factors combined makes Pattaya well positioned for further growth, CBRE adds.

A number of celebrities are also buying in the resort. The latest is former snooker world champion Jimmy White who has bought an apartment in the recently launched luxury beachfront project The Palm Wongamat Beach.

Source: PropertyWire.com