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Monday, September 01, 2008
Jude Buttle
Last year Pattaya was the main destination for tourists staying in Thailand and with the recent completion of the International Airport in Suvarnabhami, the area is even more accessible to international and domestic visitors.
Located on the east coast of the Gulf of Thailand, 165 km from the bustling business capital, Bangkok, Pattaya has a past reputation of promoting prostitution and late night drinking, but now the area is welcoming six million visitors per year for a variety of other reasons.
Particularly popular with tourists from the former Soviet Republic and emerging Eastern Asia, Pattaya has some fine beaches, great cuisine, modern hotels and well constructed luxury condos for rent or for sale.
Recently, there have been large increases in land and property prices across Thailand, some of which may prove unsustainable. However, the price increases in Pattaya have been steadier and based on key economic factors, which bodes well for future continual growth.
Potential investors have been buying many luxury condos in Pattaya, which are in great demand from both domestic and international investors who are looking for holiday homes or unusual rental property to invest in.
With the introduction of a new airport and the benefits of affordable apartments, beautiful beaches and fine food, Pattaya is proving that it is more than just a red-light district, as it gives the green-light to investors interested in Thai property.
Photo by SaddaGocaraRupa
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