The beauty of Thailand is definitely a class apart from the rest of the world, so much so that tourists from around the planet are inclined to purchase properties in the country as holiday homes or investment. The luxury real estate market in Pattaya has been on a boom since the last five years, and perhaps this is the right time to purchase something like a luxury condominium in the region. Here are a few useful tips you might want to read before proceeding.You can Try this out on seaboard-properties.com Site
Deciding on a location:Since, your luxury condo is going to be a place for complete relaxation, it has to be situated in a location that is favorable to your tastes. However, you should also consider the prevalent property prices in various regions of Pattaya before making a final choice. Going for condominium property in the city center for investment will inevitably prove to be costlier than choosing properties that are slightly on the outskirts. There are many benefits of choosing a luxury condo further away from the city center like unique landscapes, less traffic, and a more serene environment.
Knowing the market price:As mentioned earlier, the Pattaya luxury condo market has been on a boom. This has had a fair impact on the price. This can be attributed to the fact that while catering to the affluent population, the real estate sector has also come up with affordable luxury properties. While the premium condominiums (beachfront, high rise, etc.) cost somewhere around 200,000 THB, there are some affordable luxury condos available for 30,000 THB.
Finding an agent:
To make an investment or to purchase a luxury condo in Pattaya, you would need an agent. Some choose to do it without hiring one – although this practice is not advisable. Knowing the local complexities and functioning of the real estate market in Pattaya would give you a heads-up on fishy sales. Hiring an agent would give you a bird’s eye view of the market, enabling you to make an informed decision. Consider hiring a legal counsel:When purchasing a property oversees in foreign freehold mode, it becomes necessary to have a legal counsel by your side. Since, international deals are a bit more complicated than local affairs, having a legal professional on your side will definitely be beneficial.