Resale Property in Pattaya
Condo
Pratumnak
- Bedrooms: 1, 2
- from 33 m2 to 48 m2
- Distance to the sea: 500 meters
Condo
North Pattaya
- Bedrooms: 1, 2
- from 46 m2 to 93 m2
- Distance to the sea: 600 meters
Condo
Central Pattaya
- Bedrooms: 2
- 92 m2
- Distance to the sea: 500 meters
Advantages and Disadvantages of the Secondary Real Estate Market in Thailand: A Guide for Investors
The secondary real estate market in Thailand is well-developed and offers diverse opportunities for investors and buyers. The main advantage is a lower price per square meter.
Significant advantages of purchasing resale property in Thailand also include the absence of construction delay risks, which allows for more accurate planning of investment capital returns.
The disadvantages of the secondary real estate market, especially in resort cities such as Pattaya, Hua Hin, Chiang Mai, as well as on the islands of Phuket and Samui, are also evident. The main disadvantage is property wear and tear, especially residential, which can be a significant drawback. However, this also provides an opportunity to purchase property at below market price.
Another disadvantage of the secondary market is the absence of installment plans. Typically, from the moment of deciding to purchase until ownership registration, no more than a month passes, but there are exceptions.
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