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Learn more about the Pattaya property market through trends and average prices.
Pattaya is a resort city and has the second-largest tourism market in Thailand. Located on the east coast of the Gulf of Thailand, it is also one of the most developed cities in the country. Formerly a quiet and peaceful fishing village, this city has transformed into a metropolis and is often compared to Bangkok in terms of lifestyle. It attracts millions of tourists for its incredible beaches, gastronomic scenes, vibrant nightlife, and laidback atmosphere. It offers tourists numerous activities and attractions. The growing amount of visitors has had a significant impact on the real estate sector as the city gradually develops its residential and commercial buildings. Pattaya also has a vast retired expat population because of its low cost of living and exotic settings.
Pattaya is part of the Eastern Economic Corridor and the government has invested 1.5 trillion Baht into EEC infrastructure projects in the next five years. The development of the high-speed train that will link three major airports to the city will make Pattaya the center of the eastern region. The main airport in the region is U-Tapao Rayong-Pattaya International Airport, 33 kilometers south of town. It serves a small number of domestic flights as well as international flights to England (seasonal) and China. Bangkok Suvarnabhumi Airport is 110 kilometers from the city center, making it relatively close and the best choice for international visitors who wish to visit the city.
Pattaya offers a huge selection of Luxury Real Estate, from luxurious villas, stylish apartments, to high-rise condominiums. The majority of real estate has a western or Thai design with western appliances. Central Pattaya is the most populous area in the city and has high-end housings such as condominiums. This area is recommended for people who wish to live close to work. The Luxury Real Estate characteristics in South Pattaya is similar to the Central as it is known to be a working area occupied mostly by Thai people and few long term expats. This area is quieter since it is far from the shoreline. The recent development of new condominiums is attracting buyers to invest in South Pattaya.
Pratumnak Hill is one of the most exclusive parts of the city due to its stunning sea views and green spaces. The area offers beachfront properties and apartments overlooking the ocean. The fastest growing and most affordable part of the city is Jomtien and it is an excellent location for investors with a limited budget. The most elite and expensive part of Pattaya is Naklua or Wong-amat because of the possibility to build right next to the beach. The area is lined with beachfront properties and high-rise condominiums.
There are many other popular attractions in Pattaya such as Sanctuary of Truth, Anek Kusala Sala, Underwater World Pattaya, Ko La, Cartoon Network Amazone, and Ripley’s Believe It or Not Museum.
Pattaya can be expensive or affordable depending on your lifestyle choices. The city is overflowing with top-end accommodation, shopping malls, and restaurants. However, affordable options are also available. For a more cost-effective lifestyle, you can choose basic to medium class housing and eat in street food vendors that offer a wide range of delightful food. Nakula, Pratamnak, and East Pattaya are the most popular area for expats. Mainly because of the amenities and relaxed shoreline vibe.
Getting around in the city is fairly easy because Pattaya has numerous transportation options. A songthaew is the most popular and cheapest way of getting around Pattaya, with only 10 Baht per person. For a quicker journey, you can opt for motorcycle taxis as they are faster than any other form of transport but can be more expensive than the songthaew. Trips within Pattaya should cost around 30 Baht to 40 Baht. Taxis can be found outside shopping malls, be aware that they don’t usually use the meter so you have to agree on the fare before getting in.
Citizens of 55 countries including the UK, USA, and various European countries can stay in the country without a visa for up to 30 days. Visitors can also apply for a longer stay visa. Visa on arrival is available for nationals of 24 countries such as China and India. All visitors must hold a passport that is valid for at least six months.