Foreigners who buy apartments and condos in Pattaya, a major tourist city in Thailand, often have no idea how the Thai real estate market works.
Many have owned apartments back in the West where they’re used to prices steadily increasing over time. The building their unit is located in may be over a 100 years old. In Pattaya there are few buildings and projects that have stood for even half that period of time.
Buying a condo in Thailand is very different from doing so elsewhere. That is why I’ve come up with 6 major reasons for why you should not invest in real estate in Thailand. Especially in Pattaya.
Outro: Batushka – Yekteniya 5