What’s next for the property market in Thailand?
"I believe Pattaya will probably be Asia’s No.1 real estate investment spot in five years’ time."
These are the words of Anne-Marie of Delight Real Estate in Pattaya. It was late in the afternoon after a busy and hot day and I had been quietly savouring a cup of joe while seated on the comfortable sofa in their office. That remark had me wondering only had overdone the caffeine. Awkward, I was quickly sitting up and paying much more attention. A "did I seriously hear you state that?" look must have crossed my face. Anne-Marie grasped this and continued "I am absolutely convinced of that" and proceeded to give reasons why. "Look around us in Asia. You can find problems in almost every other country." She gave us a dysfunction from the countries in Asia.
Indonesia: Troubled with internal conflicts, earthquakes and is also still coping with the results of tsunami.
Malaysia: I wouldn’t wish to join up in a very religious debate. Suffice it to say there – as well as in Indonesia for instance – the ideology seems at odds with this of the West.
Singapore: Well structured, but small. Following a short time living there you’re feeling you’ve seen and done it all. Not to forget that property is very expensive there. Quite similar can be stated of Hong Kong and Japan in terms of expense.
China: Big strides on the global stage, but it still has strong Communist influences. In addition, it has climate problems since its industries continues to expand, plus it continues to come in for criticism on human rights issues.
India: Whether it’s an affordable criticism or otherwise, India is regarded as lacking the cleanliness most Westerners seek. Also the country, sorry to say, has become hit by many extremes with the weather in recent times.
The Philippines: A history of being unsafe because of lots of shootings, kidnappings and killings. That leaves the former French and British colonies of Vietnam, Cambodia, Laos and Myanmar. There is no real infrastructure in any of such countries. These could be the places to observe in the future however i think we have been looking 20 years down the line.
Thailand, alternatively, has quite a bit choosing it – the people are nice, the costs are low, the food is good, the climate is okay and the lifestyle is much more than excellent. There is much more of a ‘live and let live’ attitude here, which generates a very relaxed atmosphere. Pattaya has it all. I’ve lived in Phuket that’s relatively expensive. It becomes an island and islands can get boring after a while. Pattaya’s infrastucture is good and further improving constantly. Many big players inside hotel market are represented here and it’s towards the airport and Bangkok. Overall, it’s a good location to be.
All the right ingredients are here, it simply needs the right cook combine them properly and provide a dish with wide appeal. Would this cook have the government? Yes! We require some visionaries to take the lead. To create policies that aid investment without damaging the interests of the Thai people. If Pattaya won’t achieve its potential it’s going to be because someone, somewhere has applied the brakes either on the wrong time or perhaps the wrong place.
Delight Property is a trusted Real Estate firm in Pattaya, Thailand.
Delight is 100% driven for complete client satisfaction. Delight Property will likely be Delighted to help you increase the risk for right replace on you, to make your perfect home within the Land of Smiles.
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