{"id":6561,"date":"2021-10-08T11:20:00","date_gmt":"2021-10-08T04:20:00","guid":{"rendered":"https:\/\/www.angelrealestate.co.th\/web\/?p=6561"},"modified":"2023-07-28T11:42:05","modified_gmt":"2023-07-28T04:42:05","slug":"changes-of-real-estate-in-pattaya","status":"publish","type":"post","link":"https:\/\/www.angelrealestate.co.th\/web\/changes-of-real-estate-in-pattaya\/","title":{"rendered":"Changes of Real Estate in Pattaya"},"content":{"rendered":"\n
\n

NEWS & EVENTS<\/p>

Changes of Real Estate in Pattaya<\/h3><\/div>\n<\/div><\/div>\n\n\n\n
\n
\n

In Thailand lately, there have been some interesting revelations in the real estate market. Some interesting revelation occurs during the pandemic as the significant change in the real estate market emphasizes housing development. Sometimes it is tough to change plans quickly and to divert into something different.\u00a0<\/p>\n\n\n\n

Thailand real estate is always known to local and foreign buyers with condominiums. However, during the pandemic, almost everything has changed into something different. People\u2019s wants and needs are different now, and it does start from homes or property. If people\u2019s wants and needs are other, then property developers need to fund new developments.\u00a0<\/p>\n\n\n\n

New developments occurring around Thailand are housing projects. But it is a bit difficult to construct a housing project in Bangkok as the landmass is scarce and relatively expensive because it is in the city. Housing projects in Bangkok are mainly outside of the city center. Some housing projects are almost outside of the province of Bangkok. How about developing housing projects that are not in Bangkok but very close to Bangkok, such as in Pattaya.\u00a0<\/p>\n\n\n\n

Why Housing Pattaya?\u00a0<\/strong><\/h4>\n\n\n\n
\n
\n
\"\"<\/figure><\/div>\n\n\n\n

The effect it will have on real estate is that the coastline of Pattaya is connected to many other cities and coastlines as well. As you can say around the area, Pattaya is like the province\u2019s residential area and hipster area. At the same time, all the seaports and logistics businesses are away from Pattaya. The region is like Bangkok, and Pattaya is the Thonglor of the province. Pattaya was always in the corner of many real estate investors\u2019 eyes, but mainly retiree investors and Asian investors because of manufacturing foreing direct investments in the area. But the situation changes with time, and Pattaya is changing its image to be a family-friendly area and a high upturn in the country\u2019s economic revival.\u00a0<\/p>\n<\/div>\n\n\n\n

\n

For starters, Pattaya is a very short drive from Bangkok, around a good 2 hours drives away. As a city or beach town, Pattaya is not a very big area but covers the whole coastline of Chon Buri province. It is important to remember that Chon Buri province is the port of Thailand. Many import and export goods are distributed around the area. The Thai government focuses on the Chon Buri province to be an economic hub for manufacturing and trading logistics in Thailand.\u00a0<\/p>\n\n\n\n

The province\u2019s area to enter Northeast Thailand as well is called the Eastern Economic Corridor (EEC).<\/a> The government is contributing to a very ambitious plan to boost economic revival in the EEC. Four main targets of financial goals are occurring in the EEC to boost investments and lure foreign investors in. The four main economic reforms in the EEC are:<\/p>\n\n\n\n