Visited By American Servicemen

Pattaya began as a small seaport visited by American servicemen, and since that time the stock of property has changed radically. Initially, there were the usual Thai style houses that fitted in nicely with the then sleepy port. These can still be seen today and are in demand by both Thai and expatriate alike. Of course, they have all been updated and now, they usually possess the prerequisite air conditioning and often a flat screen television. These properties and communities are seen clustered together in many parts of Pattaya, with the ever increasing inclusion of expatriates.

These were built to last by the original Thai inhabitants, who built frugally. Activity round Pattaya increased with the visit of the American marines and as the first expatriates started to settle, the local economy started to thrive and the population exploded. Now it is unrecognizable from its former self. The influx of transitory tourists has also brought an increase in the number wishing to stay for a longer duration.

Unfortunately, property in Pattaya was seen as an opportunity to make a quick financial killing and many property scams were spawned. Property was thrown up quickly and sold appearing in good shape. 

However, six months later this property was deteriorating noticeably and it was difficult to effect repairs. The developer had disappeared and Thai management just shrugged their shoulders. Health and safety was not considered a building issue. Lifts broke down and even though fire was a greater risk, because of generally lower electrical standards, fire regulations were neglected.

Fortunately, from all such experience, lessons have been learnt by developers and property investors alike, and these days, investors also include a more erudite business class, as standards have improved. Pattaya now is awash with property that is quality and the deteriorating builds are being replaced, as space is at a premium.

All bodes well for property in Pattaya. Wealthy property speculators see the opportunity to invest in Pattaya. As an economic hub, it will expand even further in the near future. The influx of a greater number of visitors from Russia, China and India include visitors with money and business acumen. This will only help to further improve property standards and the legislation surrounding its purchase. Also the Thai professional classes are looking for security in times of intermittent political turmoil and environmental hiccups. They have a desire to purchase second and third properties here. The future is very rosy for anyone purchasing property in Pattaya.