The housing market in Pattaya, Thailand, is booming, according to a real estate expert who recently surveyed the sector.
President of the Agency for Real Estate Affairs Dr Sopon Pornchokchai told delegates at a seminar held last month that developers have made great strides into the lower end of the condominium market.
The Pattaya Mail quoted him as saying that units in this bracket are “moving very quickly”, adding that in certain locations, Thai real estate transactions can be completed in less than one month.
“We are seeing a move away from studios, which are becoming outdated, and one-bedroom units are now the most popular choice regardless of actual room size,” Dr Sopon stated.
There are currently more than 230 property projects in Pattaya, with a total of 500,000 units on sale. Dr Sopon’s research pointed out that this puts the Thai destination “on a par with other Asian metropolises such as Jakarta in Indonesia”.
Pattaya’s residential real estate market is therefore performing well, despite the picture in Thailand as a whole being more negative, the most recent data from Global Property Guide has revealed.
The news provider recorded a 3.59 per cent fall in house prices in the nation between the second quarter of this year and the same three-month period in 2011.Article by +Peter Mindenhall on behalf of Propertyshowrooms.com
ที่มา : propertyshowrooms.com
อ่านเพิ่มเติมได้ที่…Pattaya property market ‘thriving’
Pattaya property market 'thriving'
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