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Learn more about the Pattaya property market through trends and average prices.
The median sales price for a property in Pattaya is approximately ฿4,840,000
The median price per square meter for a property in Pattaya is ฿117,000
The Pattaya area currently has 6,331 properties for sale
Pattaya is one of Thailand’s most developed cities and is often compared to Bangkok in terms of amenities and lifestyle but with a more layback atmosphere due to its shoreline location.
The up and coming city attracts over 16 million visitors a year and is also a popular destination for retirees that require all the amenities that established western cities offer yet within a relaxed shoreline atmosphere.
The diverse city offers everything from modern high-end living, stylish shopping complexes such as the recently completed Terminal 21 and exclusive high-end hotels to typically native beach resorts, markets, and cheap street food eateries and Tours.
Pattaya is ideally located 100km from Bangkok and Suvarnabhumi Airport and only 30km from Pattaya & Rayong International Airport that makes it easy to reach and a perfect hub for both tourists and expats.
Pattaya is also part of the Eastern Seaboard known as the Eastern Economic Corridor (of Thailand) that the government has recently invested 1.5 trillion baht (US$43 billion) in to develop during the next 5 years. Companies such as Japanese branded automobiles are now manufactured in the area which has attracted foreign executives and further investment into the area and has created Job opportunities,
Pattaya features a wide range of properties that are suitable as both family homes and investments. The city center and some beachfront areas such as Na Kluea and Wongamat are now a metropolis of modern high-rise condominiums whereas areas slightly outside the city in villages such as Huai Yai offer a large range of private and secluded villa developments catering for varying budgets.
Budget properties are generally located in the east of the city away from the shoreline in areas such as Nong Prue and Map Prachan. Budget villas, Thai-style townhouses, and condominiums are on offer both brand new from developers and also on resale.
Jomtien and Wongamat/Na Kluea generally offer midrange to high-end properties to include exclusive beachfront condominiums projects where prices can range from around 80,000 THB per sqm to 200,000 THB per sqm.
The city center offers a wide range of properties in popular districts as Soi Buakhao which has recently become one of the cities most popular and vibrant areas. Modern developments within the city center such as The Base by Sansiri and Centric Sea by SC Assets are relatively rare due to the large array of commercial properties and hotels that dominate the area. The more established and older condominium projects such as Markland Condominium that are situated within the city center are priced from around 65,000 THB per sqm whereas the modern new build project average around 180,000 THB per sqm.
The luxury end of the market predominantly comprises of extravagant beachfront pool villas situated in areas such as Pra Tumnak in developments like as Majestic Residence and hillside projects that offer stunning views of the Pattaya skyline in projects such as Siam Royal Hill on Soi Khao Talo. Some of the properties even have direct access to the beach.
The most exuberant condominiums projects such as North Point feature unparalleled penthouse units and world-class facilities such as branded beach clubs and renowned restaurants.
Floating Market
The first and only floating market in Pattaya; located in Nong Prue, this bustling hive of commerce is divided into different sections selling merchandise from the four major areas of Thailand. Souvenirs, arts and crafts, and clothing are among the many items sold here, and it's also a great place to indulge in some exotic cuisine; you can try everything from scorpions to crickets and crocodile meat. A great way to explore the markets is to rent a boat. Unlike more authentic floating markets, you have to pay for admission here.
Walking Street
The infamous nightlife hub of southeast Asia, many tourists visit Pattaya with the intention of visiting this famous landmark with an abundance of entertainment venues including go-go bars, nightclubs, cocktail lounges, coyote bars, and popular restaurants. Pattaya is known as the city that never sleeps with most establishments open all through the night.
The street is open for business in the daytime and allows vehicular traffic, by night it is accessible to pedestrians only (after 6 p.m) hence the name "Walking Street".
Pattaya City Centre
The beach road of Pattaya is at the epicenter of the city, with a recently rejuvenated beachfront 2.7km wide stretching from Naklua right through to Walking Street. Here there are branded hotels, restaurants, bars, gift shops, and massage spas in abundance. Central Pattaya is also home to Central Festival shopping mall incorporating a multiplex cinema and over 40 popular chain restaurants.
There is very little by the way of housing in Pattaya City Centre, but a good selection of sought after high and low-rise condominiums which are extremely popular as investments and holiday homes.
Naklua, Wongamat and North Pattaya
The furthest northern point of Pattaya home to the cleanest most desirable beaches in the city, Wongamat accommodates many prestige high-rise beachfront condo developments which are on the higher end of the price scale for the city. North Pattaya has become very chic in recent years with cafes, snack bars, and eateries in abundance. Naklua property is considered to be the most expensive in the city, with a very small number of houses due to the increased land prices. This area is a very popular choice for holiday homes and corporate rentals due to the lower return on investment yields but a strong level of capital appreciation. North Pattaya is also the destination of choice for the recently opened Terminal 21 shopping center and Grand Centre Point Hotel.
Jomtien, Na Jomtien
Jomtien is situated South of the city and benefits from a beachfront spanning 6km all the way through to Na Jomtien. This location has experienced a huge amount of development in the last few years, with a huge supply of condominiums, and housing options available both beachfront and inland.
The majority of the most popular restaurants are in the Jomtien/Pratumnak area, and there is no shortage of bars, hotels, hostels, shops, and markets. Jomtien attracts a large number of the gay community with Dongtan beach and it’s gay nightlife district, incorporating a huge collection of gay bars, cabarets, nightclubs, and gay-friendly hotels.
Na Jomtien tends to have cleaner, better-maintained stretches of beaches, with several popular beachfront restaurants in the vicinity, including the recently opened Café del Mar, and glasshouse amongst others.
East Pattaya, Mabprachan Lakes, Huai Yai
A popular choice with expats and retiree’s due to the lower land prices rewarding you a lot more property for your money. These areas in the last few years have developed from very sparsely populated locations to up and coming areas with multiple housing developments popping up, and local businesses/ restaurants moving in to cater for the higher demand. The infrastructure in these areas has improved massively over the last few years with upgraded roads, electricity/telecommunication, and drainage in place. East Pattaya is very popular with golfers with 24 golf courses dotted around the city, the majority of them being in the East side of the city.
The average price per square meter for a property for sale in Pattaya is ฿98,210, which is 12% below the average price per square meter in Thailand that is ฿111,359.
There are many reasons why both Thai nationals and foreigners are now choosing to invest in Pattaya. The following 5 points are the top reasons why:
Pattaya is indeed a good place to consider when looking to buy a property, as it offers a combination of attractive features that cater to various needs and preferences. As one of Thailand's most popular beach destinations, Pattaya provides an excellent opportunity for both local and foreign property investors.
Firstly, the location is a major advantage. Pattaya's proximity to Bangkok (approximately a 2-hour drive) and its accessibility via multiple transportation options make it an attractive destination for both short weekend trips and longer stays. This accessibility also boosts its potential for rental income, attracting tourists and expatriates alike.
Secondly, Pattaya offers a wide range of property types and prices, suitable for different budgets and preferences. Whether you're searching for a luxury beachfront villa, a spacious family home, or an affordable condominium, you're likely to find something that meets your requirements. Additionally, the competitive pricing of Pattaya properties, compared to other popular destinations in the region, ensures better value for money.
Another important factor to consider is the growth potential of Pattaya. Over the years, the city has transformed from a simple beach town into a bustling urban center, boasting numerous amenities such as shopping malls, international schools, and world-class healthcare facilities. This ongoing development and modernization attract more investors, further driving up property values.
When it comes to leisure, Pattaya offers a vibrant lifestyle, with a plethora of entertainment options, including cultural attractions, theme parks, restaurants, and nightlife. This adds to the appeal for potential homeowners who appreciate a diverse and dynamic environment.
In conclusion, Pattaya is a great place to buy a property, thanks to its strategic location, variety of property options, growth potential, and attractive lifestyle. However, as with any investment, it is wise to conduct thorough research, seek professional advice, and visit the area personally to ensure that the property you choose meets your individual expectations and requirements.
Ah, Pattaya! Known for its stunning beaches, lively entertainment scene, and endless dining options, it's no wonder you're curious about the best place to live in this vibrant city. Although it's tough to pinpoint one single best location, since everyone has their unique preferences, there are a few areas that consistently stand out for their charm and convenience.
First, let's talk about the Pratumnak Hill area. Nestled between Pattaya and Jomtien, this neighborhood offers a more tranquil environment while still being just a stone's throw away from all the action. Here, you'll find a mix of upscale condos, villas, and some of the city's most luxurious real estate properties. With its fantastic views, lovely parks, and easy access to the nearby beaches, Pratumnak Hill has become a popular choice for expats and locals alike who seek a balanced lifestyle.
If you're looking for a more bustling atmosphere, you can't go wrong with Central Pattaya. As the city's central hub, this area is perfect for those who want to be at the heart of it all. You'll never run out of shopping, dining, and entertainment options! From the famous Walking Street to the modern Central Festival mall, there's always something happening here. Plus, with an abundance of condos, apartments, and townhouses available, you'll have no trouble finding a place that suits your taste and budget.
Lastly, for beach lovers, Jomtien Beach is a fantastic option. This area boasts 6 kilometers of sandy coastline, ideal for those who enjoy long walks, beach sports, and sunsets over the sea. Jomtien is also home to a diverse range of property types, including high-rise condos with breathtaking ocean views, charming villas, and cozy apartments. With its laid-back vibe, Jomtien Beach is perfect for people who crave a more peaceful and relaxed lifestyle while still having access to Pattaya's amenities.
Ultimately
Absolutely! Foreigners are indeed allowed to purchase property in Pattaya, a vibrant city on the eastern coast of Thailand known for its picturesque beaches and bustling nightlife. As an international real estate hotspot, Pattaya welcomes overseas buyers with a range of attractive property options suitable for varying preferences and budgets.
However, there are specific guidelines and regulations in place for foreigners to follow when acquiring property in Pattaya. While non-Thai citizens are not permitted to directly own land in the country, they can still secure property through other means such as leasing or purchasing a condominium unit under their name.
To buy a condominium, foreigners must ensure that the unit is part of a development where no more than 49% of the total space is owned by non-Thai citizens. Payments for the property must also be made from an overseas bank account in foreign currency, which will be converted to Thai Baht by the receiving bank in Thailand.
Leasing land is another viable option for foreigners looking to build a home in Pattaya. Long-term land leases of up to 30 years, with options to renew, can be arranged between the foreigner and the landowner. As part of this arrangement, the foreigner can legally own the structures built on the leased land, such as a house or villa.
Moreover, foreigners can explore the possibility of setting up a Thai Limited Company, which can legally own land in Thailand. Although this route requires compliance with numerous legal and financial requirements, it can be a feasible solution for foreign investors seeking more significant property investments.
In conclusion, while there are some restrictions, foreigners certainly have opportunities to acquire property in Pattaya. It is essential to seek professional advice from a reputable real estate agency and legal experts to ensure a smooth and compliant transaction. With the right guidance, owning a piece of paradise in Pattaya can be a rewarding and enjoyable experience.
The cost of a property in Pattaya can vary significantly based on several factors such as location, type of property, size, and overall quality. As a popular coastal city situated on the east coast of the Gulf of Thailand, Pattaya offers diverse options for potential property buyers and investors.
For condominiums, you can find studio units in older buildings starting from approximately ฿1 million, while more modern and luxurious developments can demand prices upwards of ฿10 million for spacious and well-appointed units. On average, one-bedroom condo units in Pattaya may range from ฿1.5 to ฿4 million, depending upon the factors mentioned above.
When it comes to purchasing houses or villas, prices can start from around ฿3 million for a modest townhouse in a relatively convenient location. For a more luxurious experience, upscale villa compounds located in prime neighborhoods and offering premium facilities can cost anywhere from ฿15 million to ฿50 million or more.
Land prices in Pattaya may also vary widely depending on the location, with a premium attached to plots situated near the beach, main tourist areas, or with uninterrupted sea views. Land prices can range anywhere from ฿5 million to ฿100 million or more, depending upon the size and location.
It is crucial to note that foreign nationals are restricted in terms of land ownership in Thailand. Nonetheless, there are alternative ways for foreign buyers to invest in the Pattaya property market, such as leasehold arrangements and owning condominium units in their names.
In summary, the cost of a property in Pattaya is subject to multiple aspects like location, property type, and overall quality. By having a broad understanding of the market dynamics, you can make well-informed decisions when choosing the ideal property for your needs and preferences. Our team at FazWaz is always available to provide professional guidance and assistance to help you navigate the Pattaya real estate landscape successfully.
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