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Pattaya Daily News

Hilton
08 December 2009 :: 18:12:41 pm 1046

Foreign Holiday Investors Say Jomtien is #1

Sale and rental transactions have continued to increase in the Jomtien and Pattaya region, due to the value for money that is available to foreign investors. Long haul flights from Europe and America are becoming increasingly affordable with many choosing Pattaya as a holiday location due to its close proximity to Bangkok.
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Pattaya, the 8th of December 2009 [Pattaya Daily News]: It’s not surprising that the number of holiday home investors has increased, given that the exchange rate for most foreign currencies has become increasingly favorable. Due to an increase in construction in the luxury condominium and house market, especially in the Jomtien Beach area, the availability of affordable luxury accommodation is higher than ever before.

Thousands of visitors discover Pattaya as a viable holiday location every year, in part down to the new Bangkok airport and the upgraded transport route from the capital, which has cut the travel time down to under 2 hours. Foreigners fall in love with Pattaya’s beautiful beaches, lively nightlife and friendly residents, with many deciding to invest in a holiday home or stay long term in a rental condo.

Jomtien is the smaller of the two Pattaya City beaches and is largely a residential area. As a result this is the area where a lot is being done in the building and development of luxury holiday home market. Both foreign and Thai construction companies have seen the opportunities of the area and have completed or begun construction of multiple developments, with many more planned for construction in the near future.The Luxury market has become a real focal point in the development of Jomtien Beach and the surrounding area. The roaring success is attributed in part to the affordability that Thailand offers in comparison to other beach holiday destinations around the world. Families and groups are booking Villas way in advance as an alternative to the more common package holiday and hotel booking. Tourists have discovered that not only can they save money by staying in a luxury villa but they also have the holiday of a lifetime, in their own private residence.As a lot of the world still struggles to attract tourism, Pattaya and Jomtien clearly are proving to be a winner with foreign investors, even with the current global financial climate the way it is. 

 

Reporter : John Weston   Photo : Internet   Category : Business News

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