EXCLUSIVE: Although just a 90-minute drive south from gridlocked Bangkok, the Gulf of Thailand town of Pattaya is seeing little impact in its property and real estate sector.
Real estate veteran agent Clayton Wade of Premier International, told DDProperty.com: “I am wondering if the world is becoming ambivalent to Thailand’s political calamities.
“The impact on the property sector from the introduction of the State of Emergency in Bangkok so far is producing very little reaction noticeable on the Eastern Seaboard of Thailand.
“Multi-national management and executives continue to arrive looking for long term rental housing and expat buyers of resale homes are also still arriving to purchase second and retirement homes.”
This news augers well for Pattaya and other resort destinations, such as Hua Hin which was critically impacted by the events in the Thai capital more than 150 miles away to the north.
The world, finally, seems to understand that Thailand is huge, and that Bangkok is just one small part of a very large and diverse country which is actually larger than France.
Image from the 2009 State of Emergency in Bangkok.
Andrew Batt, International Group Editor of PropertyGuru Group, and Kanchana Paha, Thailand Editor, jointly
wrote this story. To contact them about this or other stories email andrew@propertyguru.com.sg
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