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Pattaya Properties Quality - Westerners Standards

February 15, 2012 | Comments: 0 | Views: 113

Some properties in Pattaya are a complete sell off to real estate consumers. Some on the other hand are not. Given this condition then, something about what does or does not sell to property buyers would perhaps come to mind. To answer this query, let's try to look at some things regarding Pattaya properties quality. By context we refer to the atmosphere emitted by a property plus its price range and amenities.

Most real estate consumers in Pattaya are not necessarily native Thai. Usually, those who buy properties in Pattaya are foreigners and merely have vacationed in Thailand and have chosen to establish themselves in the said country through some business or some form of retirement. The foreign buyers' population is largely divided among westerners, specifically the Russians, who have dominated the Pattaya real estate market in 2009, Western Europeans, Australians and Canadians. Other nationalities still yet have to rival the purchasing power of these property buyers in Pattaya. And what kind of real estate properties do these nationalities most likely purchase in Pattaya? Certainly, it is not individual standing houses, as houses would normally cost a lot on the buyers' pockets. What these people are buying are actually condominium units that relatively have high ROI rates, and, have a lot of appeal to other interested people as well - renters or buyers.

But what is ROI? ROI is the acronym for the Return Of Investment rates. The higher the market value a property would have in the years following its building completion and purchased, the higher the possibility of the property being purchased as well. Let's take for instance the condominium called The Vision. The Vision is a five year condominium dream that has finally come into reality for its developer - the Matrix group of companies. The Vision is one property that has taken the foreign buyer population by storm. Not even five months since it's public announcement, the Vision has sold over 75% of its units to foreign buyers alone. The number clearly indicates that the said property is a sure winner among westerner investors. Why had The Vision hit it off with these people? Or rather, what are the things that are in this condominium to make it such appealing to the foreign market?

The very first thing that influences the marketability of The Vision is of course its ROI amount. The property's market value in the next five years would not only double up but instead triple up at the end of the five years. This estimated probability of course appeals to every investor of the like, so any one with the current power to buy properties would not hesitate to actually purchase a unit from the Vision. Another possible reason for the Vision's marketability is its location. Aside from the fact that it is situated on a hill far from nuisance and noise, the Vision is really in a location that is tropical in climate, full of sand and definitely near the water. The fact that most Westerners would want to get away from cold climate at certain months of the year points out why the Vision's location is a match to what the buyers want to see. Furthermore, the accesses to transportation, the nearness to other tourist attractions, also contribute to the Vision's appeal to people. In addition to these two, the Vision may also be attractive to the buyer market because of its magnificent beauty that is a cut out from modern European fittings and style. The amenities that the Vision offers its residents are definitely world class, thus those who want to experience world class living but do not want to get this from hotels surely can find what they want in the Vision.

It has to be remembered as well that the buyers are westerners. Another reason why the Vision is famous among property investors is that it is widely known in the internet world. The Vision has been mentioned several times already and has been pointed to be really good thus engaging the attention of the buyers. Research shows that Western buyers are highly geared to browsing the internet for property investments thus since the Vision is well known in cyberspace, then it is likely that it would come up in property searches by the prospect buyers.

The marketability of properties in Pattaya or even anywhere else, is really a result of the mentioned factors. So if you are a developer, an investor, or owner, try to observe the previously said things to ensure that your property or choice, will sell to other interested buyers.

The Vision condo is now 75% sold out with Foreign ownership quota currently full. Resales are available in this building through Developer Direct in Foreign name now - Please contact us for details.

Source: EzineArticles
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