Pattaya Property Chases The Pied Piper

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Posted: 25 Apr 2011 | 6:00 am

While Phuket remains entrenched with it's current identity crises about being primarily a foreign led real estate market, Thailand's other resort metropolis Pattaya is singing a different tune.

According to reports the destination now has 4,700 available condominium units. Colliers International reported approximately 3,400 new units were launched last year and that take up rates remain strong.

While the most popular market remains lower priced, small condos market absorption is continuing to fuel positive buyer sentiment.

Segmentation is by all reports more evenly divided between Thai and foreign purchasers hence overheating concerns look to be mitigated.

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