According to a recent article in Pattaya Today, land prices in Thailand are continuing to rise and in spite of that “there are more land investment funds and purchasers surveying the Eastern Seaboard now than at any time in the last 25 or more years.”
The article states that since the 2007 financial crisis “land prices haven’t missed a beat for almost 15 years and all indications are that prices will continue going up!”
We have found this to be true in the Pattaya area. We have many land plots in various sizes for sale and rarely do we see the prices reduced. In fact, as the article states we have seen land prices continue to go up over the last few years., especially land that is reasonably close to the beach.
Even land prices in East Pattaya and the Huay Yai area have gone up as more developers look to build not only new house developments but commercial projects as well. Anyone who has driven by Lake Mabprachan over the past few months can see the commercial development going on out there.
What is keeping land prices moving in an upward direction?
According to the article, “Three Polo Clubs, the Cartoon Network Entertainment park, a huge, 100-rai water park at Silverlake and a queue is forming of the most respected international hotels poised to move in to grace our beachfronts–not to mention two mega high-rise hotel-condominium complex developments scheduled to be built in Na Jomtien–are just a few of the many dynamic local endeavors that ensure a sound future for the Eastern Seaboard.” All of this helps to keep land prices moving up.
The Mark Twain saying, “buy land, their not making any it any more” is definitely true. Available beachfront land in the Pattaya area has almost disappeared and the price of what is available has skyrocketed.
Even beachfront land down to Bang Sarey has been developed heavily and, as in Pattaya, what is available has gone up in price.
This upward trend is expected to continue so if you happen to seriously be in the market for land for your dream home or the next house or condo development you might want to think about buying now before the prices get even higher.
Coastal Real Estate has many land plots available in a wide variety of sizes and prices. Let us help you find the piece of land that is just right for your project or home.