[Fork Handles]

Couldn't agree more.
Yet another report this week of a crackdown on foreigners owning property via dodgy methods. All been said before, but one day they just might do it.
They still ask stupid money for shoeboxes close to town.

Of course, if the King dies and the corrupt ploiticians get their way, it will be Casino City and prices will soar.

[bouncer]

You will get a hellof alot of pussy and rooms for 2 mil

[roamer]

I happened to be looking through some property listings the other day and was left wondering if some of the sellers/landlords were smoking something stronger than L & M s.

1 bedroom apartment, 67 sq mtr( reasonable size but hardly large) for sale Central Pattaya 9 million baht.

That`s about UK £ 205,000 or US $ 310, 000.

A nice Wong Amat condo for rent, 45 sq mtr,, 50 K baht a month, which is UK £ 1130/ US $ 1700 ++.


The real bargain was a 4 bedroom house for sale in Na Jomtien at a mere 150 million baht( yes that is the correct price) which is about UK £ 3.4 million/ US$ 5.17 million.


Thai name( ownership) yet being marketed for foreigners.

Looks stunning, well the photos do but US $5+ million for a place you don`t own ?

[simie]

Roamer yes there are some crazy prices being quoted to farangs in Pattaya but I've also see some quite passable houses (obviously a bit further back and not beach front locations) aimed at Thais for less than 2 million baht.
Makes me laugh when I see some of the outrageous prices being quoted for homes on Samui or Phuket in the sunday supplements that as you say the "buyers" don't really own.
Its really quite outrageous that the supposed respectable high end estate agents in those cases get involved in the shakey "ownership" schemes that may convince buyers not too familiar with Thailand that they will actually own their new luxury holiday home.
Simie.

[roamer]

"Walked along Wongamat beach one early morning with Nit.

It was disgusting. Rubbish everywhere. The sea was full of floating crap, plastic bags and the beach was littered horrific.

Walked up by Sanctuary of Truth and looked in TW Condo's which are selling for 2M baht or renting for 10k a month."






I was walking along probably the same stretch of beach the other week although not in the morning

18 months on and still about the same as you described.

I`d have thought some of the developers/hotel & apartment building owners would get together and pay for the beach to be cleaned up but nope.

[Mirkwood]

To be honest.

I'd like my own condo here.
Trouble is:

1. I don't trust Thai's and Pattaya.

Even with documents, ownership papers etc. I'd still write the money paid for it off. Could never see anything as an investment. Just a loss.


2. Will we even want to be here in 10 years time?

Already. Guys I know bought in Paradise condo's Naklua are pissed off. Russian takeover.
If the P4P scene gets more expensive/worse.

Would you be happy living in a shitty seaside resort when your older surrounded by people that want to rip you off and hate you?

[soi 2]

Condo's in Pattaya... I wouldn't touch anything new with a barge pole. These 40sqm boxes 'behind the Avenue' for 75 grand sterling, not in a million years.

Condo's over ten years old that have no bullshit going on with them like View Talay 2 and 5... I don't think you'd go far wrong with one of them.

[KeeNeow]

Always said I would never buy here as easy to write off two months security deposit as your total loss should you have to leave.
Renting is so cheap here compared with buying that to me it is not worthwhile risking the capital.
Standard in the US is paying approx 1% of value of a house in rent per month. Another rule of thumb is buying a house for about 10 years rent so the 10000 month condo is worth about 1 to 1.2million baht maximum not the two million that they are advertising.
I can invest the 1.2 million in The USA and make 5 % a year easily so the effective cost of renting is really only 5000/month.
Another good reason for renting is no maintenance worries or having to deal with thai work men. Not paying common fees can save you another 1000 baht a month for a 35sq.m. Thailand will eventually enter the 20th century and start charging people property taxes which will increase the cost of owning as well.
No.1 Reason is what can you do if Russians or even worse Mirky moves in next door to you, Move.

[roamer]

Originally Posted by soi 2

Condo's in Pattaya... I wouldn't touch anything new with a barge pole. These 40sqm boxes 'behind the Avenue' for 75 grand sterling, not in a million years.

yep, agree

I sometimes use the Avenues to cut through to soi bukhao.

Noticed a completed condo building, prices from 4 million baht, or £ 80 K.
That for 34 sq. mtr, complete with view of the Avenues car park.

Marvellous, not.


Further along some being constructed, prices from 6.9 and 7.5 million baht ( no idea of size though)

Yet the building or planning for it carries on, some businesses on soi Excite being given notice to vacate as there are plans for new condo blocks to be put up.

[soi 2]

£80k... where I live you could get a very nice quarter villa, ex council house, two/ three bedrooms, garden, off road parking. Near good schools, on bus route, green space for kids to play in nearby. Rest of the block privately owned... in fact you'd have 5/6 grand change from 80k. New build Pattaya condo's are mental !!

I still think some older ones represent value though... surely this property bubble in Fun Town will burst one day and there will be bargains to be had for those who waited.