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Pattaya Property Rentals Promise Good Returns
by
Cees Cuijpers
Pattaya lies nearby Thailand s biggest seaport, Laem Chabang, which in turn has attracted numerous industrial estates, warehouses and foreign-run industries. Although far enough away from the port and the factories not to be affected by the downsides they bring, Pattaya nevertheless benefits from the inward investment attracted by its location nearby. Pattaya also offers an excellent infrastructure connecting to Thailand s metropolis, Bangkok, so it is no surprise that there is a strong expat rental-market there.
So, how should you go about investing in Pattaya real estate? Trial and error is rarely the best method if you are serious about turning your investments into income. Many people waste precious time and money learning the tricks of the trade the hard way. The best advice therefore is to use the services of an experienced real-estate agent. It is not only because they know the market much better; but they keep stock in their portfolios, including possible bargains and distressed sales. They are also familiar with residential estates and condo developments and, most importantly, they are also in direct contact with potential tenants.
A broker might have properties on the books with live-in tenants. You could therefore kill two birds with one stone and start making an income as soon as you make a purchase. Furthermore, if this could be combined with an owner s (or developer s) finance; you might end-up in a situation whereby your tenant is paying most of your interest, if any.
Another important consideration depends on your personal circumstances. If you travel a lot or only reside inThailand during holidays you may benefit from the help of a property manager. A property manager could be a family member or a friend that lives here in Thailand, a dedicated agent or simply the sales-office on-site that is looking after your property when you are not present.
What can you expect from your investment?
The average ROI (rental yield) in Thailand varies between 6-8% net which is relatively high by global standards. If you are calculating your own return don t forget to include general maintenance, an agent s commission, running costs when the property is not occupied, any project management fee etc. Don t forget about your capital appreciation (capital gain). Property investment offers a combination of rental income and capital gain. Investing in property is not only going to give a positive cash flow but also a potential capital gain which over the last decade in Pattaya has been between 50-100%. If you add this to your earnings you will see that investment in a rental property in Pattaya can not only give you the lifestyle you want, it can be financially lucrative too.
Cees CuijpersWebsite: http://www.thai-realty.comCuijpers is Managing Director | partner of Town & Country Property Co., ltd, based on the Eastern Seaboard of Thailand; one of Pattaya s leading real-estate outfits.? Cuijpers joined T&C right after the company became active in Thailand mid 2003. Email |info@towncountryproperty.com Website | http://www.towncountryproperty.com Facebook | http://www.facebook.com/TCProperty
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