2012-11-17
Pattaya is a jewel in Thailand’s property market, with new developments coming up like mushrooms to support the increasing demand from both Thais and foreigners for condominium units, apartments, single houses and villas. And with a new international airport just 60 minutes away, one could say that Pattaya real estate is a real diamond in the rough.
Many foreigners are now taking advantage of Thailand’s “retirement visas” which are issues to foreigners aged 50 and older, even if they are still working in their home countries. Pattaya has become a paradise for retired westerners. Many houses and condos are bought as first homes or second homes for both leisure and retirement residences. This has bouyed the real estate market in Pattaya.