Project Blog
Phuket is one of the most popular destinations in the tropical kingdom for those looking to buy property in Thailand. However, the island’s genuine charm and beauty, combined with the desire to quickly own a personal piece of paradise, can push inexperienced buyers into making impulsive decisions. Some may fall into well-crafted traps set by unscrupulous sellers.
What type of real estate in Thailand is the most promising for investment in 2024? The situation in the market during the first half of 2024 appears ambiguous. The country is experiencing a decrease in the number of transactions, while property prices and annual yields are simultaneously rising. The slowdown in the growth rate of the housing market has sparked discussions about liberalizing legislation for foreign investors, which may attract new investments. It is important to note the differences between two market segments: resort properties and condominiums, the latter of which are frequently purchased by citizens of the kingdom using mortgage financing.
Foreign investors show strong interest in purchasing real estate in Thailand, particularly in the bustling city of Pattaya. Located on the mainland along the coast of the Gulf of Thailand, Pattaya attracts many tourists with its pleasant climate and convenient location. The demand for real estate in Pattaya remains consistently high throughout the year, making it a promising investment opportunity.