Buying a luxury condo is the best investment, short and long-term. This is because they attract a wealthy category of customers.
Buying a "standard" or even low-quality cheap condo for investments does not end well. A totally different category of customers will result in rental income that will not make a sustainable profit. Above that, this type of condo very often deteriorates which makes it even more difficult to rent out to the "right" category of customers. The sale value of your condo goes down. This is what our experience since the start of 2006 tells us.
There are two ways to make a profit by buying property in Pattaya.
- Look for a condo/house in bad shape. Only look at property located in a good location and where the building maintenance actually works. The shape of the property does not matter much other than the asked-for price should be lower. Have it renovated up to modern design. Sell it with a profit or rent it out. Our company specializes in renovation from old worn down to new modern - renovatepattaya check it out. We can help you find prospects.
- Buy a luxury condo, second-hand or new in a good location. This will render a good steady ROI (Return of Investment). Read more. Click the button to the right, "Managed rental service"
We recommend buying a 2 bedroom condo since there is and have been for many years, a big shortage. Some figures below of the ROI outcome.
20.000 up to 100.000 /per month for 1 month's rental. The price depends on size and location. This example start with a small studio up to a 2 bedroom.
Cash flow is the net income from a real estate investment. A key benefit of real estate investing is its ability to generate cash flow. In many cases, cash flow only strengthens over time— the Property should be in a central and prime location so your property can generate good rental income, We will recommend the Project in Prime locations