Pattaya - Thailand

Discussion in 'Thailand property' started by TCproperty, Jun 24, 2010.

  1. TCproperty

    TCproperty New Member

    Let us have a look at Pattaya, Thailand.

    It is approximately 53 square kilometers big, with over 100,000 registered civilians, takes on over 5,000,000 tourists per year. With this amount of visitors, whether is it a day's visit or a week's visit and sometimes over a couple of months; these tourists provide income for the people of Pattaya.

    One way to gain capital from all these influx of people to and fro from Pattaya, is of course, investing in properties.

    What are the good parts of investing in Thailand? Well, first of all, there is a high yield in properties in both Bangkok and in Thailand. For example, the Rental yield for a price of approximately $2,495 per sq.m. Another great thing about investing in Thailand and in Pattaya, is that the market is a pro-landlord rental market. On top of that there are unusually low prices offer for buying opportunity.

    Now, if there is the good, then there must be the bad. There are three things that makes a Thai property market quite complicated but if you have the "know-how's" you can conquer them, without a problem; make sure you fully understand the Thai property, landlord and tenant laws. Having said that, there is a complicated buying process, and foreigners are not permitted to buy land and, we have all seen it on television and read it on newspapers- the political scene of Thailand is not very stable. However, there is no worry in worrying about this because where there is a will, there is a way.

    Share your thoughts!
     
  2. egeefay

    egeefay Senior Member

    Political Situation in Thailand

    The political situation in Thailand is about as bad as it has ever been.
    After 12 years without a military coup, the record was broken in 2006 when the military took over once again.
    Since the takeover, the country has been in a constant state of anarchy with the government, royalists , wealth and educated class pitting themselves against the rural and urban poor in violent street battles.
    The situation came to a head last month when the army fired on civilians who had taken over the center of Bangkok. Almost 90 people were killed and over 1400 were injured.
    Right now the country is under a "state of emergency" with newspapers, TV stations, radio stations and websites under strict censorship.

    The property market has suffered as Thailand quickly lost its reputation as being an open , tolerant and peace loving country. Tourists have dropped Thailand from their itineraries and many foreigners decided to sell their properties and head home.

    The situation is very volatile right now. The government suspects that the protestors are just biding their time waiting for martial law to be lifted before heading back to the streets.

    This could be a good buying opportunity for property investors since no one knows whether the termoil is at it's end ....or just beginning. And if it is just beginning, where will it end.

    Unfortunately Thais have shown a willingness to gamble away their country's prosperity in order to "win" the political battle: Neither shutting down the airport, stranding thousands of tourist and decimating the tourist industry... nor setting fire to over 30 buildings in downtown Bangkoks seemed to be a problem for either side.
    As one Thai told me, in justifying shutting down the airport, "It's necessary"

    Thailand could easily become another Burma
     
  3. TCproperty

    TCproperty New Member

    I agree with how you said this is a good opportunity to buy properties in Thailand right now as it will be relatively cheaper.

    Let's hope Thailand does not become another Burma.

    What do you think are the possibilities of Thailand emerging as the real estate investment hub of South East Asia?
     
  4. egeefay

    egeefay Senior Member

    Thailand's attitude towards foreign ownership of land

    Until Thailand loosens the policy that bars foreigners from owning property (land) in Thailand, Thailand will probably not be an investment haven for foreigners looking to buy property abroad.
    The Thai government has long been wary of foreigners trying to buy property in Thailand.
    Up till a few years ago a Thai woman who married a foreigner lost her right to own property IN HER OWN COUNTRY. That's how paranoid the government has been.
    The rule has been liberalized somewhat since then. Now Thai women married to foreigners CAN own property in Thailand. But the property must be in her name only. The foreign husband still has no property rights.
    So in a divorce, the Thai wife gets the property, The foreign husband gets the boot.
    Until Thailand liberalizes their restrictions barring foreigners from owning land, your only option is to buy a condo...usually in a high rise building.

    The best option, if you like living in Thailand, is to rent. In most areas there are plenty of rental properties at very competitive rates. And should the political situation wosen, you can just pack up and move
     
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