Condominium market recovers in Pattaya
Condominium construction in Thailand's main resort of Pattaya has picked up again after a sharp slowdown three years ago, according to The Bangkok Post. For three years, local developers have been waiting to see how the objects built earlier will be sold. An obvious market slowdown was noted in 2016, when only 2,100 new properties were introduced. In 2017, their number slightly increased - 2743. Despite the fact that in the period from 2011 to 2015, at least 10,000 new projects were released per year. This year's figures are significantly higher than those of previous years. In the first eight months of 2018 alone, 3638 objects were presented in the Pattaya market. The bulk of buyers of Thai real estate today are Chinese. Their arrival helps offset the sharp decline in the number of investors from Russia. At the moment, there are about 14,000 condominiums available in Pattaya. According to local experts, this data in reality may become higher, as buyers refuse previously reserved properties, and also negotiate the resale of housing or its return. Pattaya's most expensive beachfront condominiums are currently selling for $3,700 per sq.m. We, a Siberian company with an international name, GZHF.rf, help clients with issues of buying, selling, renting, exchanging, mortgages in all cities where we have a presence - Novosibirsk, St. Petersburg, Irkutsk, Vladivostok, Pattaya, Dubai, Alanya, Phuket and Toronto. GZHA.rf includes CMP Realty, whose offices are located in Pattaya. CMP Realty officially represents Thailand's largest developer on the east coast. The range is impressive - from studios to luxury villas. If necessary, you can easily buy or sell an apartment in Pattaya. Office of CMP Realty is a real estate agency in Pattaya, where qualified Russian realtors work.
