TIME TO BUY?

For anyone who is serious about buying property in Pattaya, now is an excellent time especially if the funding is already in Thailand. Whether its a family home or a “buy to let” investment we have seen numerous bargains over the last 8 months, and feel that property prices in the area have bottomed out and can only start to rise as global markets recover from the recession.

A word of warning about buying off plan, some of the local developers were caught out by the speed of the credit crunch leaving them with insufficient funds to complete their projects, some have been shelved leaving initial customers in a state of limbo with funds locked in a project and unsure of when building will commence and what the final completion date will actually be.

We have noticed some developers offering numerous discounts, easy payment plans, free furniture, free kitchens, 0% interest over 5 years and one was giving a Toyota Fortuna Free with the sale of his property. Some developers are desperate to sell and buyers will be surprised at the discounts and bonuses available, so don’t be afraid to ask.