new section

Thousands of tourists from every corner of the world visit Pattaya and Jomtien in Thailand for many reasons; most come initially for a holiday, once they discover the lifestyle that is available here at a fraction of the cost of the western world, many tourists return, some in search of overseas holiday homes, some to relocate permanently or to retire with a level of luxury then could only dream of in their own countries.

The result of this influx of people and western wealth is a boom in Real Estate property developments due to these foreign visitors requirement for very high quality homes, mostly condominiums and modern Thai Bali style houses and villas.

This growth in demand has seen a steady rise in prices and some amazing investments returns especially on condominiums, off plan buyers and investors have made up to 26% in some cases. Iguana Group has been at the forefront of this boom and to cater for the growing demand has built a range of well priced high quality condominiums to suit a range of requirements.

The value increases of condominiums are mainly attributed to property ownership laws in Thailand that make it easier for non Thai nationals to own condominiums rather than houses and land. Foreign buyers can be sole owners of a condominium hence the demand has created a buoyant market which even during the current difficult worlds economic climate continues to move in an ever increasing upward direction.

The narrow strip of land in Thailand that stretches from Bangkok to Rayong encompassing Pattaya and Jomtien is known as the ‘Eastern Seaboard’. Situated on the coast of the Gulf of Thailand this area has become the hub of activity for the major sea ports and oil industry, hence a huge amount of commercial activity, which has drawn Thai and International businesses and driven the demand for quality foreing executives, businesses, high quality accommodation, and subsequently fueled the property development and real estate prices.

Income from Thailand’s Service industries form a large part of Thailand’s Gross Domestic Product (GDP). Given that the service industries cannot exist without a fast growing and well-developed infrastructure, it is a natural conclusion that real estate prices will continue to grow.

Just imagine yourself lying on a warm sandy beach, with crystal blue waters gently lapping the shoreline, as your mind gently unwinds from the stresses of ‘modern’ living. Imagine also whilst you are relaxing and enjoying your life to the full your hard earned money is a property investment working doubly hard for you.