Pattaya Offers Great Investment Opportunities
Apartment rentals are one of the most popular fields at moment in Pattaya. Costs of maintenance and other such expenses can easily be covered from your rental returns in the first month whilst
also offering a healthy, on-going return on investment.
The reason the condo rental market is so appealing is due to growth of the tourist market in Pattaya and also how these tourists now choose their accommodation. With the majority travelling on
their own or as a couple preferring to rent a condo unit rather than stay in a hotel. This bodes well for investors with their money in condominium units in this city.
Purchasing multiple units or event a block of apartments opens up wider possibilities for investors as you can, in effect, turn into a mini guest house without the additional costs, such as
maintenance and utilities, associated with such a business that operates independently and away from these condominium units. Your income will cover all expenses very easily when buying
apartments from condominium units.
If you decide to buy several condo units you then need to consider how you will manage these. One such option would be to manage yourself using websites and social networks to advertise your
units available; whilst you can also delegate responsibility to management companies that specialise in this field. NeoTHAI.com is a good example of such a company. It offers a wide range of
services for its clients with their rental properties.
You should also consider the Thai quota of a condominium that are for sale when buying multiple units as these are cheaper to buy and you only need one company set up to register all units
within, this this Thai company can minimise your costs. If you buy multiple units you will also benefit at the same time from additional discounts and hence an even lower price.
You are permitted to run a rental business on behalf of your company and this also qualifies you for the right to official long-term residence in Thailand.
Note the following investment strategies:
- purchasing of apartment on the secondary market. This strategy includes monitoring and buying the cheapest variants,
negotiation the price with the owners and minimizes the final cost of the unit.
- purchasing of block of units under construction projects on behalf of Thai company. This strategy includes step-by-step investment.
All actions can be performed remotely. In this case buying on behalf of Thai company will be cheaper.
However you may face some difficulties in future while selling such apartment.
- purchasing of block of units under construction projects on behalf of a foreigner. This strategy includes step-by-step investment.
All actions can be performed remotely. You will have a chance to sell apartment contracts with benefits. The rest of units can be used as rentals.
neoTHAI.com company will provide you with consultations on all questions regarding investments.
At the same time will assist you in managing your real estate business.