Why buying a condo in Pattaya would be a reasonable decision
Buying a house in Thailand is becoming a trend in the modern world. A condo in Pattaya is an apartment that belongs to a separate owner and is located in an apartment building. At the same time, residents use common areas such as swimming pools and fitness centers. The management company is engaged in maintenance and maintenance of order. The option is often chosen for the convenience of living and developed infrastructure. This is a popular solution for both permanent residence and rental.
Sale of condos in Pattaya – features of the offer
Before deciding to buy, it is worth getting acquainted with the nuances of the housing for sale.
What is important to know:
- Each owner has the right of ownership to his apartment or apartments.
- The owners jointly manage common areas such as pools, gardens, gyms, halls and corridors.
- The service is provided by the management company, which is chosen by the residents collectively. She is responsible for maintaining order, repairs and other tasks.
- Monthly contributions are required to cover the costs of maintaining and repairing common areas.
- Condominiums are often characterized by rules and restrictions regarding the use of premises.
Buy a condominium in Pattaya in Thailand follows the beautiful beaches and tropical nature. The city is an attractive place to relax and stay. At the same time, the resort offers a wide range of real estate, from budget options to elite complexes with luxurious infrastructure.
Why you should buy a condo in Pattaya in Thailand
A whole list of reasons becomes the motivation for making a decision to buy this type of housing.
Key preferences:
- Pattaya is one of Thailand’s most popular destinations, attracting tourists from all over the world. This creates good opportunities for renting out real estate.
- The city is characterized by a well-developed infrastructure, including shops, restaurants, medical facilities, international schools and entertainment facilities, which makes it convenient for living.
- The cost of housing is steadily increasing, providing an opportunity to increase the value of real estate in the long term.
- It is recommended to buy a condo in Pattaya for a multicultural environment, which facilitates adaptation for foreigners.
- In such places of residence there is a high level of security and comfort, including security, video surveillance, swimming pools, fitness centers and other amenities.
It is important to note that Thai law allows foreigners to own 49% of the total number of apartments in the building, which simplifies the purchase process.
What determines the prices of a condominium in Pattaya?
The financial costs of purchasing such housing may vary significantly in the city. They depend on many factors.
What to pay attention to:
- The price of m2 varies significantly depending on the location.
- Condominiums near the beach, in the city center or in prestigious areas will cost more than those
- located on the outskirts.
The option with a view of the sea or beautiful - landscapes is characterized by a higher cost compared to those that overlook the street or neighboring buildings.
- Large apartments with several bedrooms and spacious common areas are more expensive to sell than studios or small one-room offers.
- You will have to spend more money on new or recently renovated condos in Pattaya compared to old buildings.
- The level of infrastructure and amenities will affect the final cost.
The presence of schools, hospitals, shopping malls, restaurants and other important facilities nearby can increase the price of a condominium.
