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Pattaya Daily News

Hilton
03 April 2009 :: 19:04:49 pm 3373

UK Consultants: Renewed Confidence in Pattaya

With all the recent negative media publicity concerning Thailand in general, it is gratifying to see that a British overseas property consultant has recently given Pattaya a vote of confidence.
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The firm announced in a press release on April 2, 2009, that it has taken certain properties in Pattaya onto its books, despite what it termed “the country’s tumultuous political landscape”, though it did specify that most of the recent protests have been located away from Pattaya.

Azure Overseas, the company maintains, “is one of the highest regarded overseas property consultants because of their dedicated after-sales care, and stringent market research/due-diligence.” Their expressed aim is to connect potential clients with developers in their chosen regions. Azure Overseas endorses the opinion of many informed investment analysts that the Thai political scene will stabilize itself in the near future, leading to renewed expressions of interest in the country’s property market, as an investment magnet, particularly in “emerging markets like Pattaya.” The firm is also advising clients to buy off-plan quoting expected returns on investment of between 10 and 20%nand rental yields of 6% upwards.

Using the dual buying incentives of Pattaya currently being a buyer’s market and also advising clients to ignore the doom and gloom pessimism current in the property industry, they have listed 6 properties as being ‘best buys’.

 

The relevant properties are:
1. The Vineyard
2. Park Lane Jomtien Resort
3. Sunset Boulevard Condominiums
4. Pattaya Heights Apartments
5. Hyde Park 2 Apartments
6. Forest View studios & bungalows
  

As the Pattaya property market climate gradually improves, we will no doubt see many other international property consultants once again advising investors to buy property in the region. This especially as many developers, like Siam Developments, the developers of The Vineyard, are offering such invaluable inducements as 40% developer’s financing; something radically needed in the current economic downturn.

Reporter : PDN staff   Photo : Internet   Category : Business News

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