Located on the bay in the province of Chonburi, north of the central part of the city, North Pattaya is a popular resort area in Thailand. It is known for its beautiful beaches, vibrant nightlife, luxurious hotels and resorts, and a variety of restaurants and entertainment venues. Along with the central part, North Pattaya is a great destination to buy property in Thailand for investment. In this post, we discuss the most attractive locations for investing.
Contents:
- Benefits of North Pattaya
- The most promising investment locations
- Property prices in North Pattaya
- North Pattaya as an investment-friendly location
- We will help you buy property in Thailand
Benefits of North Pattaya
There are several popular beaches in North Pattaya, such as Palm Beach, Wong Amat and Phra Tamnak, where holidaymakers enjoy ideal sand beaches, clear water and mesmerizing sea views.
The area offers a variety of options for entertainment - water parks, nightclubs, bars and restaurants with live music and massage parlors. This location is also popular with golf lovers as it is home to luxurious golf courses overlooking the sea and mountains. The most famous golf clubs are Siam Country Club Old Course, Pattaya Hillton, and Bangpu.
The benefits of North Pattaya include the following facts:
- Quiet atmosphere. The area offers a quieter and more relaxed lifestyle compared to the central part of the city. Here you can enjoy the beaches and amazing views while being in close proximity to the center.
- High level of service. Resorts and hotels in North Pattaya are famous for their top-quality service.
- Great investment opportunities. The growing tourist flow and quality real estate make North Pattaya attractive for investors. There is an opportunity to purchase a home with the potential for high rental yields and value growth. The location has a lot of new projects under development in Thailand, which are expected to bring high profits.
North Pattaya has a well-developed infrastructure, including shops, supermarkets, pharmacies, hospitals, schools and many other facilities. This makes the area a convenient place for both relocation and holidays.
The most promising investment locations
North Pattaya has a number of quite attractive locations for potential investors. Here are some of them:
- Naklua. One of the most attractive areas for investment. Here you will find luxury hotels and resorts, residential projects with sea views and an abundance of restaurants and entertainment options. Real estate here can provide high rental yields and has potential for growth in value.
- Wongamat. Nestled north of Naklua, the area is considered a promising investment location. It is developing rapidly as new high-rise buildings, luxury condominiums and resort complexes are being built here. Wongamat is in stable demand among tourists.
- Pattaya Nua (North Street). This is the right place for those who are looking for an upscale and relaxing holiday. It offers beautiful nature and a wide range of entertainment options. Known for its vibrant nightlife, the area houses nightclubs, bars and concert venues, located along the main streets. Visitors can enjoy delicious meal at the many restaurants and street food spots serving both local Thai and international cuisines. More and more tourists prefer to stay in apartments rather than in hotels, and therefore buying a buy-to-let home here is a great investment solution.
North Pattaya will also become an interesting destination for those who are interested in culture and history. It is located in close proximity to attractions such as the Temple of Truth, a stunning wooden structure showcasing traditional Thai craftsmanship, and the Pattaya Floating Market, where you can buy goods sold directly from boats.
Property prices in North Pattaya
The range of property prices is quite wide in the area. The cost depends on property’s type, location, amenities, if it has a sea view and other parameters. Here are approximate prices for some types of properties in North Pattaya:
- Condominiums. Prices start from 1.5–2 million baht (about $45,000–60,000) for a one-bedroom property in a new project with no sea view. A two-bedroom residential unit with a sea view costs from 3 million baht (about $90,000). Prices for luxury condominiums are much higher.
- Villas. Prices for villas in Thailand in North Pattaya may vary depending on their size, location and amenities. Villa prices typically start at 5 million baht (about $150,000) and can go as high as several million dollars for luxury properties with private pools, landscaped gardens and top-notch amenities.
- Apartments. On average, prices start from 2–3 million baht (about $60,000–90,000) for a small studio unit or one-bedroom apartment in Thailand without a sea view. More spacious options with sea views can cost from 4 million baht (about $120,000).
North Pattaya offers a wide variety of property types, from condominiums and apartments to luxury villas. This gives investors the opportunity to choose a property that matches their budget and goals.
North Pattaya as an investment-friendly location
This area is much quieter than other parts of the city, which is why it is a popular destination for families with children, pensioners, and young couples, who prefer a slower lifestyle.
However, the area offers a developed infrastructure with attractions located within walking distance. The travel time from North Pattaya to the city center depends on the traffic and the type of transport you use. It usually takes about 10–15 minutes to get there by car or motorcycle. If you prefer public transport, you can take a taxi or local songthaews, a popular and affordable means of transport in Pattaya. They run according to certain routes and stop at the request of passengers. In this case, the journey takes 20–30 minutes.
Today, North Pattaya is one of the most popular tourist destinations in Thailand. It has plenty of things to do and places to see. Tourists can visit the famous Lotus Crystal factory and watch the production process of glassware in braziers, have fun in the Ramayana Water Park, ranked first biggest in Asia and tenth in the world according to TripAdvisor. There is always something to do here.
The constant flow of tourists creates demand for rental housing and stimulates the growth of property prices. The annual growth rate of housing prices in Thailand reaches 3-5%.
We will help you buy property in Thailand
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