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Learn more about the Pattaya property market through trends and average prices.
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.
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.
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: