Condo market: Eastern Seaboard 2022

Tentatively looking at picking up a 2 br unit somewhere on the Eastern Seaboard in the next year or so, short-medium term for use during school holiday time, longer term, possible longer habitation.

Haven't been in the area for a few years, I'd imagine there are quite a few desperate sellers from both inside and outside Thailand, also haven't really been keeping an eye on prices.

My guess it is without doubt a buyer's market at the current time, right?

But has that resulted in a big decrease in prices? What sort of value is to be had?

Recommended districts/areas? Ones to avoid?

Cheers.

I haven’t exactly been scouring the market, but the prices on ‘baht and sold’ do seem to have dropped in places like Bang Saray and Bang Krut - places that yes, have an expat population but are not expat meccas like Pattaya and Hua Hin.

HH seems to have a lot of places near Black Mountain golf course, but that whole area seems to be synonymous with scams.

There are also good prices in Khanom and NST generally, but that’s beyond the boundary of the ‘seaboard’ of course.

At risk of being called a number of highly offensive, although rather clever and unique expletives by Taxi, I would avoid Hua Hin. :)

Bang Saray looks nice, it was also quite nice when I once stopped there for lunch. :) It also looks to be the most expensive area on that side of the gulf. But a very nice village feel to it, with all the amenities of Jomtien/Pattaya just up the road.

Smaller places like Ban Krut, although lovely, would probably get a bit boring after a week or two.

Anybody living in the region got the skinny on just how much of a buyers market it has become?

Certainly must be a buyers market presently.

My GF just showed me a place in Pakse, right in the middle of a very busy area,and they are asking for 800,000 baht for a home with a separate granny flat, bit down trodden but well worth the buy, great investment for the future, though sure it will be bought very quickly, and only 300 metres away from the river.

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Originally Posted by Edmond

Eastern Seaboard

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Originally Posted by Chico

Pakse

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Didn't really mean the eastern bank of the Mekhong river, not sure Edwina would be too excited about packing the togs and swimming cap to spend the holidays splashing around in the Mekhong, but that is a low price.

You've missed the overseas owner wants all offers submitted! stage by about a year, everyone who had to get out already got out when it comes to decent sized/quality beachfront or beachside condos. Are there many 2 bedroom condos in Bang Saray? There's not a lot of high-rise in that area and while the last tower that went up there had some 2 bedders in it, they were so small you'd put the key in the front door and smash the balcony door glass.

Maybe have a look around the Ban Chang and Rayong areas. But remember the capital gains of condos is typically low or non-existent down this way plus with common fees and maintenance and whatnot, if you're only looking for a holiday pad you'd probably be better off putting the money into a real investment and using Airbnb to find somewhere to get away to occasionally.

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Originally Posted by Headworx

You've missed the overseas owner wants all offers submitted! stage by about a year

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Bugger.

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Originally Posted by Edmond

Bugger.

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Jeez, the property magnate missed the boat.

Have a friend in Khao lak selling her cookery school and rooms if you want.

Les Fleurs | Khaolak |

if you are looking for something that will at least hold its value then you should go for a beachside condo, they tend to be better managed and looked after than those condos that are marooned inland, they house a better class of occupant ( at least they do in h-h) and beachside condos will always have at least one side to the building that cant be developed and hence have the view destroyed.

why you would want to buy though? if its only for short term use it means that you must be washing money. far better to rent, then when they build the fish sauce factory, a covid quarantine centre or open the karaoke bar next door you can move on.

each to their own though.

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Originally Posted by Chico

Certainly must be a buyers market presently.

My GF just showed me a place in Pakse

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Yeah, wherever the country though that sort of hearsay isn’t always true on the ground. Tax makes some very solid points.