Your Questions About Investing In Pattaya

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Michael asks…

Thinking about buying a studio condo in pattaya thailand for between £11k and £35k -should I?

Would this be a wise investment. I live in UK. Foreigners can buy condos in thailand. I want it as an investment and as holiay accommodation.

I could only spend 4 weeks a year abroad in thailand. I am 30 and wont retire til im 56 with a pretty good pension.

I am thinking reasons not to do this is 1) there is an over supply of condos in thailand and supply outstrips demand at present so the investment is not likely to grow that much

Do you think this situation will change in the future. When I retire I want to spend most of my time abroad in an asian country such as thailand. And i’ll be going there once a year now til I retire.

Should I buy a condo or rent and buy oe when I retire with my pension fund?
Thanks Idac.

When I retire I would not want to be a permaneant resident in Thailand. I think I would jut want to spend the UK winter there and stay here in UK during spring and summer. I’d wanna take advantage of the benefits UK has to offer too saying as i’ll be paing tax for all my working life.

Justin answers:

Oh K – good for you in that you are projecting out and planning for retirement. However, this is problematic in that for both personal and financial issues, it is not easy to project that far out. Truly nobody knows the future. In a place like Pattaya, they will build ahead of the demand – meaning that the day you buy, your unit becomes second hand and will be less valuable than a new unit – much like a car – – the only way it will inflate in value through the years is if there is a lot of inflation in building materials. Then all new units become more expensive. You could buy and rent, which can be problematic and that might help with the costs. If you have the discipline to invest steadily and wisely, that too will keep up with inflation and afford you more options.

Pattaya is a funny place. What looks like a good time now, might get really old and obnoxious after living there for a while. It’s a three thousand ring circus, totally nuts, and it can be a total boat load of fun, however, you can get tired of living in the middle of a circus –

Just as it is difficult to predict the financial future, you at 60 are not likely to be the same guy you are at 30 – – I do know people who love it and never want to leave – I also know people who loved it at first but eventually got really sick of it…

Be thoughtful and good luck to you, but either way, the trick is to enjoy the process of getting to be 60 too..

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