Pattaya

Property in Thailand is probably one of the most lucrative investment arenas, worldwide, with prices almost 1/3 of an equivalent unit in most top Western destinations. This particularly applies to Pattaya where the total value of condos sold leapt from US$12m in H1,2005 to an astounding US$222m in H1,2008 (Bt 392.4m-7,258.33m), with prices rising from US$1,929 prices per square metre (psm) to US$3,264 psm (Bt63,096.51 - 106,767.98). In one case, The Cove topped Bt220,000 psm; the equivalent of top Bangkok prices. Being such a lucrative arena, however, makes the property market highly susceptible to scam merchants, one such we will elaborate on after giving you the background to the Pattaya Property Market.

TO BE or not to be the public enemy! The property market in Pattaya increasingly becomes bread and butter not only for many expatriates in Pattaya but also Thais in other parts of the country. People are more interrelated, not only the best Thai food you can have in the UK, but also good English pie in Pattaya.

Centara Grand Mirage Beach Resort Pattaya, the first truly themed hotel in Thailand, will stage its grand opening on November 3, 2009 with a spectacular Lost World-Indiana Jones theme party.

Holiday Inn has launched a new hotel in Pattaya, Thailand. The Holiday Inn Pattaya is a 367-room property and is located along the Beach Road in North Pattaya. All guest rooms and suites offer views of Pattaya Bay and feature ocean-facing balconies and wireless Internet access.

WHEN EMBARKING on the adventure that often constitutes life in Thailand, many of us at first have our heads in the clouds. We often neglect matters which would be of supreme importance to us back home. One of these matters concerns the need to be adequately covered financially in case of emergency, namely by being insured. You may initially shake your heads and say I don’t need insurance cover. However, it’s essentially false economy to try and get away with having no insurance cover; the laws of fate invariably come to bear sooner or later, usually to your cost. This can apply equally to medical matters, driving, or home safety and security.