Tourist destinations have a lot to offer. There are hills, mountains, beaches, even monuments, all such attractions to visit. That isn’t the only appeal of any tourist place though, as you’ll soon find out. Pattaya, Thailand, has recently boomed as a Real-estate opportunity, alongside being a beachy tourist attraction. In some districts like Phuket Real Estate industry has boomed a lot, and many people are flooding in with money. People are grabbing the opportunity to buy an apartment or condominium in the lovely nation of Thailand.
Thousands of tourist flock into the resorts of Pattaya every year, from every country, and are smitten by the beauty of this tiny nation. There are plenty of resorts to visit around in different provinces, like Phuket. Most people usually come to Thailand for a once-in-a-lifetime visit, which is wonderful (and everyone should do it) but some people are so captured by the beauty that they’d like to visit every year for extended durations of stay. A resort might be fine if you can afford it for that long, but there is a smarter way of going about with this; buy your own house.
People, especially in the west, love to spend the largest portion of their savings on holidays. Think out it as an investment, and the return on it is beautiful memories and happiness. Why not go all in and invest in something real as well. For repeat visits, you could simply buy a second home for yourself there. In the long run, it would be cheaper than booking resorts every year, and you could sell it whenever you’ve had your fill, or maybe even retire and live there afterward! The exchange rate would certainly help.
The growth in demand for houses in Thailand has seen quite a steady rise in costs, but the return on investment has been extremely rewarding too. Buyers and Investors have reported a 26% ROI on apartments and condos, which might even jump-start development in the industry.
Thailand has a beautiful coastline, with nice, sweet weather, etc. There is a narrow stretch of land that extends from Bangkok to Rayong. It’s called the ‘Eastern Seaboard’ and is situated on the coast of the Gulf of Thailand. This area has become the epicenter of seaports and the oil industry, which is why the commercial activity is quite strong there. Both local and International businesses are drawn to the area, which drives up the demand for accommodation. This also causes a rise in the cost of property development and real estate prices in the area.
Thailand’s GDP is mostly supported by its income from Thailand’s service industries. Usually, service industries cause development in infrastructure too, due to their co-dependent nature. Phuket has a lot on offer too, especially for tourists.
With growing investment opportunities in the condo market, tourists could simply rent or buy a place they like for as long as they want, instead of having to rely on a hotel or resort. If you want a holiday in Thailand, one which offers an extremely genuine living experience, unbothered by the limitations of your stay, it’s best you hit the streets on your own.