Prime Minister Srettha Thavisin has spearheaded a "new generation" of long-stay visas including the Long Term Residence, the revamped Elite Visa, the yet-to-be-clarified Destination Thailand Visa, and specialist visas such as the four-year Smart Visa for those working legally, coupled with income tax concessions. These reforms are imaginative and sometimes confusing, in tandem with improvements for...
Pattaya, located on Thailand’s eastern Gulf coast, has long been a favorite destination for expats seeking a vibrant lifestyle, affordable living, and proximity to beautiful beaches. Whether you're looking to buy a condo for sale in Pattaya or are interested in finding your dream retirement home, this guide will give you an overview of what it's like to live in Pattaya as an expat. 1. The Real Estate...
HistoryThe area that is now considered Pattaya was recognized at the very beginning of Thai history during the siege of the Siamese capital city of Ayutthaya by the Burmese. Phraya Taksin, the Great King of Thonburi, pitched camp near Naklua while he scoured the country assembling troops to fight the invaders. He would eventually combine forces with Thailand’s future King Rama I to defeat Burma’s...
Most people lump Thailand’s entire eastern seaboard under the name “Pattaya,” given it’s the biggest city on the coast with a reputation everyone loves to chatter about. As an East Coaster, I used to correct them, “I don’t live in Pattaya; I live in Jomtien Beach.” But times have changed. Nowadays, no matter which nook, cranny, or beach of this sprawling seaside city we call home, we’re...
Pattaya, nestled on Thailand's eastern coast, is famed for its beautiful beaches, vibrant nightlife, and an array of exciting activities. The city has become one of Thailand's top tourist destinations, drawing millions of visitors each year. Many have also chosen to make Pattaya their home, attracted by its warm climate, affordable cost of living, and diverse expat community. This guide explores life in...
Thailand's government has given the final go-ahead for the high-speed railway project, paving the way for construction to commence. As reported by Railway Supply, the project aims to enhance connectivity between Suvarnabhumi, Don Mueang, and U-Tapao international airports, and the resort city of Pattaya. Next week, Thailand’s Cabinet will review the updated contract for the project. Once approved,...
The U-Tapao Airport and Eastern Aviation City development project is a key infrastructure initiative under the Eastern Economic Corridor (EEC). Its main goal is to upgrade U-Tapao Airport into Thailand’s third major international airport, seamlessly connecting with Don Mueang and Suvarnabhumi airports. Through the high-speed rail link, these three airports can collectively handle up to 200 million...
When purchasing a condominium in Pattaya, it's crucial to comprehend the common area management fees (CAM fees) associated with condo ownership. These fees cover the maintenance and management of shared facilities and common areas within the condominium complex. This article will explain CAM fees, and how they function in Pattaya's condominiums, including popular developments like The Empire Tower,...
Pros of Buying a New Condo Modern Amenities and Features: New condos in Pattaya often come equipped with top-of-the-line facilities that enhance your living experience. Picture a rooftop pool with stunning views of the Gulf of Thailand, a fully-equipped fitness center, and even a coworking space within your building. These developments are designed for both locals and expats, featuring smart home...
Investing in a condo in Pattaya is appealing for many, whether you're looking to enjoy a leisurely beach lifestyle or add an income property to your portfolio. However, before making a purchase, it's important to understand the differences between leasehold and freehold purchase arrangements, as well as the laws that apply to each, as these can significantly impact your decision. Foreign Ownership of...
Pattaya is more than just a tourist destination; it’s a fantastic place for families to settle down. With its beautiful beaches, rich culture, and a plethora of modern amenities, Pattaya offers an ideal environment for family living. As you explore the diverse neighborhoods, you’ll find each one brings its unique benefits, making your search both exciting and challenging. Access to essential amenities...
BANGKOK — The Department of Business Development reported that foreign investment in Thailand totaled 100.062 billion baht ($3 billion) in the first eight months of 2024, with Japan being the largest investor with 136 companies and an investment of 53.176 billion baht ($1.6 billion). Additionally, 163 companies were approved in the Eastern Economic Corridor (EEC), accounting for 30% of this year’s...
As Thailand's government considers incorporating the world’s oldest profession into the formal system, activists argue that decriminalizing sex work would offer better protection and benefits for sex workers. Controversy surrounds Prime Minister Paetongtarn Shinawatra’s proposal to create an entertainment complex to regulate underground businesses, including sex work, aiming to integrate them into the...
Thailand is considering a bold new strategy to boost foreign arrivals and increase tourism spending: casinos. This approach has proven successful for Macao — now the world’s largest gambling hub — and Singapore, which has had thriving casinos for 14 years. If Thailand’s draft bill becomes law, the country could emerge as a significant competitor by the end of the decade, according to industry...
Relocating to Pattaya means you won't feel lonely. Not only will the friendly locals welcome you with open arms, but you'll also meet fellow expats from all over the world. Expats in Pattaya can help you adjust to life in this vibrant city and offer advice on how to live comfortably. Pattaya has a large expat community. Many expats come from Western countries like Europe and America, but there’s also...
Nestled along the pristine shores of the Gulf of Thailand, Bang Saray in Chonburi province emerges as a gem for those seeking an idyllic lifestyle and lucrative investment opportunities. With its serene beaches, burgeoning infrastructure, and strategic location, Bang Saray presents a compelling case for both residents and investors alike. Here's why Bang Saray should be on your radar: Tranquil...
Doing thorough research is crucial if you're considering buying property in Pattaya. Explore the internet, select an area and property that appeals to you, and gather as much local knowledge as possible to make an informed decision. However, when it comes to the actual purchase, working with a property...
An investment property can bring in income if you rent or resell it, but the buying process can be complicated. An investment property is real estate bought for the purpose of generating income. Buying an investment property can come with challenges, such as maintenance costs and more stringent financing requirements — including higher interest rates and a larger down payment — compared with...
What’s it all about?Is it about budget? Ownership? Convenience? Privacy? Views?Let’s review some of the pros and cons.BUDGETStarting from THB 1 million (or sometimes even less) you can buy a condo.Or, should we say a “room”?Of course, you can’t expect lots of space, a jacuzzi on the balcony nor direct sea views for a minimum budget. More likely you would buy either a very old unit in need of...
The anxiety and stress.Who doesn’t want to be a real estate agent?!These guys have a great life – easy job – big money – nice cars… wowThey don’t even need a license to operate their property agency: Isn’t that convenient?Everyone can do it!And such an easy job: Just bring a client to see a home or condo.If the client likes it, they buy or rent it and the deal is done!FAT commission into the...
What’s the relationship between Indians and pets? Are Indians great pet-lovers? Do they keep rare species that we don’t know about? Are there Indian curries with “pet flavors”? Ohhh noo… I hope not! None of the above, yet there is still a relationship you might not expect. Not every landlord is willing to accommodate either one of them. Now there is the burning and simple question:...
“Too good to be true deals” are easily recognized (by most) if you suddenly inherit USD$ 30 million, from an uncle you never knew, with a bank account in Burkina Faso… Great deals in real estate are made daily. No concerns there. Some sellers are very motivated to sell their home or condo, land, or commercial property. Guided by gut-feeling or hand-in-hand with a professional agent, the...
Most people are kind of familiar with the term “goodwill”.When you buy an ongoing concern, you would be happy to pay a little more than the fair value of all visible solid assets and intangible assets purchased in the acquisition and the liabilities assumed in the process. You pay for the efforts invested by the owner of the property over time.Good name and reputation, brand name, systems, solid...
Why would you list your home or condo for sale with any of the professional local real estate agencies? Doing it yourself “For Sale By Owner” has a lot of advantages, plus you would save a handsome commission that would otherwise be paid out to the realtor. Before you make “coffee is for closers” your new mantra, consider the benefits and risks of selling your own house or condo. Few more...
And there are plenty of them! Where does it all go wrong? Isn’t it true that all these “Farangs” (foreigners) are seen as people with money to spend? Even although young & good looking: These white skin boys always seem to have plenty of dough to spend. Is life abroad so much better than living in Thailand? Aren’t we all jealous? Is that why Thais are using whitener cream? To look a little...
Pattaya-city is located in the province of Chonburi, with its capital city Chonburi.Chonburi is one of four Eastern provinces, that make up the Eastern Seaboard, which is a hub for huge industrial estates that offer plenty of expat employment opportunities.Its population is estimated at some 1.6/1.7 million and Chonburi province covers an area of 4,363 km2. Thailand’s...
Since the end of February 2020, the COVID-19 pandemic is bringing significant disruption to the Thai economy as well as global economies. The outbreak is perceived as one of the most serious economic setbacks in history. No matter how you look at it: The COVID pandemic affects us all. The real estate market is a great indicator. Recession, depression, boom, gloom, expansion, recovery, prosperity… Name a...
Many traditions, habits, and customs in Thailand are easy to explain. Some are normal, standard practice. Some are not. Let us have look at just a few. (Random order) Be a gentleman in traffic. According to the World Health Organization, Thailand's roads are the deadliest in Southeast Asia. Thai road users are among the worst in the world. About 20,000 people die in road accidents each year, or about 56...
No, of course not. You would not call the fire department if your house were on fire either… As we are not buying a cheeseburger at Mcdonald's, we always strongly recommend engaging a lawyer or legal advisor wherever it feels appropriate to do so. Lawyer fees in Thailand are just a fraction of what you are used to paying for them at home. So, no excuses. Better safe than sorry. Where the lawyer...
This is a quite complicated question. The right sale price starts with the right asking price. And before you arrive at the right asking price there are a few things to consider. And few mistakes to be avoided. Let us start with the mistakes many people make… Overprice your property. Setting the right asking price is key. The number ONE mistake that sellers make is setting an unrealistic...
That is a million-dollar question. And, only you can answer it. Both options are available to you. You might add another question: Do I prefer a house or condo? Both are available to you as well. It all depends on personal circumstances. Are you new to Pattaya or familiar with the city? Here to stay or frequent visitor? Children going to school? Working in Thailand? And many more relevant...
Yes, you can. Foreigners can own a house in Thailand. How else there are thousands of foreigners (“farangs” in Thai) living in Thailand? And not all of them live in a condo… Some would own a small affordable, cheap house somewhere in East Pattaya, Central Pattaya, or perhaps even in Bang Saray. Or a “prestige” villa property with a private pool close to the beach in Jomtien or Pratumnak...
Facts, fairytales, and loopholes…In principle, foreigners can not own land in Thailand.There are no treaties with any country allowing a foreigner to acquire land in Thailand.So the rumor that a US citizen could own land in Thailand is nonsense. Why exactly is Thailand so panicky about its traditional rule that foreigners cannot own land in their name? We believe it is...
The question is: Do you WANT to live in Thailand permanently? Of course, your answer is: YES! What other country in the world has so much to offer? Some people think that Thailand is a Third World developing country. Oh well, one can be wrong. Nobody and nothing are perfect, but Thailand, in our opinion, comes close. With the utmost respect for its monarchy, religion (Thailand has the second largest...
This headline can be interpreted in two different ways:Is it can RENT or can LET?In the correct vernacular, a tenant 'rents' a property whereas a landlord 'lets' their property to a tenant.Let us just have a look at both.Can foreigners RENT a property in Thailand?Yes, you can, and it is quite easy.No matter what type of visa you have, even on a tourist visa (used within 90 days from the date of issue and...
How long is a piece of string?Proper investments in general are tailor-made designed to meet the individual needs of the investor.You might feel comfortable on the stock market, cryptocurrencies, or property investments. What is your profile?Are you in for a quick buck? Do you dare to take risks? (High risks pair with high profits or disastrous losses) You have “time” to...
Amazing Thailand.I am sure you have heard of that expression before.To operate a real estate agency in Thailand you do NOT need a license.You do not need a license, but as a foreigner, you would need a valid visa and obtain a work permit.Thai nationals can work as a realtor without any restrictions. It is actually quite strange that such an important business does not violate...
Let us start on a positive note: Everyone can buy a nice home or condo in Pattaya. And why not? Living in Thailand is wonderful. Not just because of the climate, but the friendly and tolerant Thais are very open to blend-in with foreigners (called “Farang” in Thai) living here. And there is more: What about the costs of living, laid-back lifestyle and Thai food? Thai cuisine is considered one of the...
Why would I bother? It is the real estate agent’s job to sell my property. Not mine. That is partly true. It is indeed the real estate agency that will try to promote, market, and sell your property. Normally they spend quite a bit of time and effort on this. All unpaid for by the way. The ONLY reward an agent receives is when he actually sells the property. If you had it listed with dozens of others,...
Billionaires, movie stars, teddy bears, and diamonds. We got it all covered in this thrilling episode of the rich and famous. Pattaya’s most prestigious project: The Cove. Who builds 100 luxury apartments (from 91.5 square meters up to 565 square meters) over 18 floors with underground parking for more than 100 cars on one of the most prominent and pretentious beachfront lands in the whole of...
