1 September 2008

Tourist Figures Up As Airport Completes - Pattaya, Thailand

Pattaya is a self-governing municipal city of Thailand. Located along the eastern seaboard on the east coast of the Gulf of Thailand, 165 km from the bustling business capital, Bangkok.

In 2007, Pattaya was the premier Thailand destination for tourists. With nearly six million tourist/visitors a year it is an increasingly popular location with visitors from the former Soviet Republic and emerging Eastern Asia. The newly completed International Airport at Suvarnabhami, makes the city even easier for international and domestic visitors to access.

This thriving city has had a reputation in the past for good time girls and night bars, fine if that's your thing, but more and more recently Pattaya is gaining recognition for its fine food restaurants, great beaches, sea sports, five star hotels and well constructed luxury condos for rent or for sale.

There have been large increases in land and property prices across Thailand in general in recent times, some of which can't realistically be sustainable. However, the increases in Pattaya have been more gradual and based on key economic pointers. This bodes well for future sustained growth.

Potential investors should be aware that there are restrictions on foreign ownership of land and property, but this does not extend to the ownership of the many luxury condos which are in demand from both domestic and international investors, looking for holiday homes or unusual rental property. There does therefore seem to be some leeway for sustained medium term growth in this fun city.

Principal International are pleased to announce our development in the exclusive Pratamanak Hill area of Pattaya. A turnkey investment offering a two year 8% rental guarantee within walking distance to the beach and local amenities. You can view further details from the link: Thailand Apartments