Pattaya Property Market - Media Reports
Pattaya has an image problem. Conventional wisdom holds that the seaside city is a uniformly unsavory red-light destination, one that's far from family-friendly and somewhat at odds with up-scale real estate development. And many people feel that the city's reputation is well-deserved: It does, in fact, contain a proliferation of neon-lit go-go bars, ramshackle pubs, threadbare hotels, and tattoo parlors. And — most of all — Pattaya is home to swarms of middle-aged foreign men attracted to the city's raucous nightlife and anything-goes attitude. For the last several years, however, Thailand´s real estate industry has argued that Pattaya is changing for the better, that it's becoming a more conventional beach-side resort town. But is this really the case? What is the current state of Pattaya's real estate market? And what does the future have in store? Will a slew of new real estate developments help clean up Pattaya's image? “A more diverse expat community”“In the past, [Pattaya] had a reputation as being seedy, a sex tourism trap,” says Arthur Napolitano, managing director of property developer Kudu, which...
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