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See all unitsPattaya is a resort city that never stopped developing during the pandemic. With new housing projects and condos for sale appearing every day in and around Pattaya, the area is prepared to meet the demands of citizens and foreigners wanting to purchase a second home or relocate to the Gulf Coast community of Pattaya and enjoy a change of lifestyle.
The Pattaya area has many new property projects, but finding the perfect one for your lifestyle and needs can be challenging. If you’re a foreigner or a citizen living far away from Pattaya, you may feel that you’re getting crucial property information much later than the investors on the ground in Pattaya. Pearl Property Pattaya can be the key to keeping you up to date on the best deals and finding the perfect new home for you.
For citizens and residents of Bangkok interested in buying a second home or property in a vacation destination, the wisdom of investing in new development projects in Pattaya is easy to understand. Pattaya is less than a two-hour drive from Bangkok and offers world-class recreation, shopping, dining, and entertainment options for the entire family.
For foreigners, the convenience of U-Tapao airport makes spending time at your new home almost as easy, as the new airport is only around a 20-minute drive from central Pattaya.
Investing in a new housing project in the vibrant beach town of Pattaya is easy to justify. There’s no packing involved for a weekend getaway. You can leave whatever you need at your second home.
As the word spreads about Pattaya, the most desirable houses and condos are being snapped up. The time to invest in a quality second home in Pattaya is now. The Thai government is extending visa-free status to many countries to encourage more tourists to visit Thailand. This will inevitably increase property prices in the most desirable resort destinations, Pattaya included.
One of the benefits of buying new development projects is you don’t need to take out a mortgage and pay the entire cost of the home immediately. New development projects in Pattaya are typically yet to be constructed, or in the middle of construction. The property developer will require a deposit, and you’ll also be charged various fees and taxes. You’ll then be billed monthly until the unit is paid for. The total deposit and fees include:
● Deposit equivalent to 20% of the purchase price
● Transfer fee equivalent to 2% of the purchase price
● Stamp duty of 0.5 % of appraised value or sale price (whichever is higher)
● Business tax at 3.3% of appraised value or sale price (whichever is higher)
Our experienced real estate agents at Pearl Property Pattaya can help explain more about the purchase process and guide you through your purchase. Contact us today if you’re interested in making a sound investment in a new development in Pattaya.
