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How many Expats plans are on hold due to the property slow down?

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How many Expats plans are on hold due to the property slow down?

I get at least a dozen emails each week from fellow expats who have read an article or seen a vlog on Dan about Thailand and they either relate to it or have some questions; and yes I even get those that want to moan or tell me how bad my content is!

The subject of properties has become increasingly common. There has been a growing trend from expats who say they cannot rent or even sell their condo and so for the short term at least they have had to put any plans on hold. It’s a shame, but in life nothing is ever certain, and so we should expect some variables to come along and put a spanner in the works!

One retiree I knew in Hua Hin has just had to return home due to poor health and try as he might he was unable to sell on his condo before he left. He is back in Australia now and his condo sits empty in Hua Hin. This kind of thing is not uncommon.

I too have a condo in Pattaya that four years ago would have commanded 50k baht a month rental, nowadays I cannot even rent it for 30k baht. Issues like currency fluctuations from the Thai baht, Sterling to Aussie dollar are putting a strain on the Western property market in Thailand.

It is not only restricted to Thailand I should add. By all accounts the property market in the UK is somewhat depressed over uncertainty to Brexit.

I remember when the Spanish property bubble popped and it impacted thousands of Brits with villas there, but by all accounts this market has recovered somewhat and prices are increasing again following the crash over 10 years ago.

But Thailand is no Spain, is it?

Personally I think there is bags of opportunity in Thailand still but we must weather the storm now. For an investor looking to pick up a bargain during this uncertainty and shifting of foreigners residing here, it could well be a great time to buy.

You have some Western retiree expats wanting to sell because it has become too expensive to live in Thailand for them and some Russians are happy to cash in due to the Russian ruble being half the value of when they originally purchased a unit in Thailand. Don’t forget also many Westerners can actually cash in by selling at a discount due to the fall in value of their domestic currencies too. Some Brits, for example, purchased their property when the rate was 70 baht to the pound, now at 39 baht to the pound there is good room to reduce the sales price.

On top of this building work, although slowed, is still happening in areas like Pattaya. So you have lots of units on the market and a smaller demand wanting to buy. But, this is key I think, at the moment that is.

Read more at https://danaboutthailand.com/2019/11/20/how-many-expats-plans-are-on-hold-due-to-the-property-slow-down/

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Events

december, 2019

01sepalldayTerre Et Mer at Caprice Restaurant Royal Cliff PattayaBeef. Lamb. Monkfish. Or a fancy plate of Bouillabaisse, We are serving them all at Caprice – A Taste Of Riviera.

01sep08:4631dec(dec 31)08:46Premium Cuts at Royal Grill Room & Wine Cellar Royal Cliff PattayaEnjoy our butcher’s premium selections at Royal Grill Room & Wine Cellar – Excellence & Heritage!

01sep08:5631dec(dec 31)23:56Exotic BBQ Skewers at Breezeo Royal Cliff PattayaTry our new Exotic BBQ Skewers and enjoy our chef’s special menus that are grilled to thrill!

01sep09:0731dec(dec 31)09:07Special Prime Beef Teppanyaki at Chamu Royal Cliff PattayaShowcasing one of the most popular dishes in Japan, try our new Teppanyaki promotion and let us bring Japan to you at Chamu – Japanese Corner.

01sep09:2031dec(dec 31)23:20Silk Road to Huang Chao at Huang Chao Royal Cliff PattayaDiscover Marco Polo’s favorite noodle dishes at Huang Chao – Royal Cantonese Cuisine

01sep09:5631dec(dec 31)23:56Flavours of Siam at Larn Thong Royal Cliff PattayaWe are serving world class cuisine from the 4 regions of Thailand at Larn Thong – Authentic Thai Traditions. This is your opportunity to explore the famous dishes from each region without ever leaving Pattaya!

01sep10:0631dec(dec 31)23:06Gold Medal Cocktails at The Bars of the Royal Cliff PattayaLife is good, especially on the weekend. Drop by and enjoy breath-taking views while you sip and savour our new refreshing cocktails.

01sep10:1931dec(dec 31)23:19World of Cupcakes at Café Royal Royal Cliff Beach HotelEnjoy the most adorable selection of cupcakes at our Café Royal located at the Royal Cliff Beach Hotel!

08dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

09dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

10dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

11dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

12dec(dec 12)18:0016(dec 16)00:00Wonderfruit 2019 at Siam Country ClubJoin us in December 2019 for an unforgettable five-day journey through arts, music, food and ideas in the serene and sublime Thai countryside.

12dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

13decalldaySouled Out at Hemingways JomtienThe Very Best of NORTHERN-MOTOWN-SOUL

13decalldayChristmas Northern Soul Night at Scooters Bar Soi 6Cant beat a bit of Northern Soul at Christmas time ;-)

13dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

14dec18:3022:30Saturday Seafood Bonanza, Centara Grand Mirage Beach Resort PattayaSeafood lovers will enjoy the wide selection and variety of freshly grilled seafood including salmon, king crab, rock lobster, tiger prawn, fresh oyster trolley. The buffet line also features shrimp on ice, freshly rolled sushi, Thai noodles, Italian pasta, pizza, local Thai dishes, mouthwatering dessert corner and much more every Saturday night at only THB 1,299++ per person with half price for children from 6-12 years.

14dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

15dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

16dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

17dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

18dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

19dec18:3021:30Thirsty Thursday Pattaya at Avani PattayaTDThirstyThursday, Travel Daily’s legendary travel industry networking event returns to Pattaya on 19 December 2019, happening at Avani Pattaya Resort.

19dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

20dec(dec 20)18:0021(dec 21)00:00RCES Christmas Party 2019 at Siam Bayshore Resort, PattayaIt’s legendary among Rotarians and friends of the Eastern Seaboard and up till Bangkok’s Society.

20dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

21dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

21dec19:0023:00The 1001 Nights Dance Journey at Hotel Baraquda Pattaya – MGallery21st December 2019 we invite you to our Pre-Christmas show. Let’s all have a magical time travelling into 1001 Nights Dance Journey.

22dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

23dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

24decalldayWhite Christmas at Dusit Thani PattayaBe ready to Yo Ho Ho! during Christmas’s Eve at our... “White Christmas Dinner” in The Cascade

24decalldayChristmas Eve at Centara Grand Mirage Beach Resort PattayaChristmas eve on Tuesday 24th December 2019 Centara Grand Mirage Beach Resort Pattaya

24dec(dec 24)09:2125(dec 25)23:21Glittering Christmas at Hard Rock Hotel PattayaShine bright this season at Starz Diner. Enjoy the Great Charcoal Christmas Buffet with family and friends. Santa. Live Band. Christmas Carols.

24dec(dec 24)09:5325(dec 25)23:53Christmas Party at Hard Rock Cafe PattayaChristmas Carvery Buffet. Santa Challenge. Live Band. X’Mas Carols. X’Mas Vibe.

24dec(dec 24)18:3025(dec 25)15:00Christmas Festive at Pullman Pattaya Hotel GTis the sea-sun to indulge in a Christmas Eve dinner or a Christmas Day Brunch with beach front ocean views and a Christmas feast with all the trimmings.

24dec18:3022:00Winter Wonderland Christmas Eve Dinner at Holiday Inn PattayaCelebrate with a magic at your dinner table by magician Howard Posener, A gifts for the children from Santa and Santarina and much more on Chirstmas Eve dinner.

24dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

25decalldayChristmas Day at Centara Grand Mirage Beach Resort PattayaOasis is the setting for our Christmas Day brunch buffet, with a choice of indoor and outdoor seating to enjoy the traditional Christmas fare along with plenty of fresh seafood and much more. Our live band play your favourite music along with a Christmas carol choir and a visit from Santa, there is plenty of fun for the youngsters.

25decalldayChristmas Menu at O’Garas Irish Bar & RestaurantFor your reserve just call 038-282770 / ☎️038-252773 / 038 250666 or Direct to get your ticket at O’Garas Bar and Grill

25decalldayChristmas Day at Hemingways Jomtien

25dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

26dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

27dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

28dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

29dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

30dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

31decalldayThe Flowering Inferno – New Year’s Eve Party at Hard Rock Hotel PattayaCelebrate the last night of 2019 and welcome 2020 in style.

31decalldayThe Mirage Gatsby Countdown Party 2020 at Centara Grand Mirage Beach Resort PattayaThe Mirage Gatsby Countdown Party 2020

31decalldayThe Masquerades New Year Eve’s 2020 Party at D.I.B Sky Bar PattayaTime flies so fast! Let’s celebrate New Year’s Eve 2020

31decalldayDusit Magical Countdown 2019/2020Celebrate New Year’s Eve in a Mythical Ambience of the 🧙‍♂“Dusit Magical Countdown 2019/2020”🧙‍♂✨

31decalldayNew Year’s Eve Party 2020 at Hard Rock Cafe PattayaParty like a rock star on New Year’s Eve at Hard Rock Cafe Pattaya

31decalldayNew Year’s Eve at Sunset Lounge Hotel Baraquda PattayaThis New Year’s Eve event in Pattaya will be held at the Sunset Lounge, offering a great vantage point to all the fireworks and celebrations right in the heart of Pattaya. Our theme is “Retro Bohemian”, so bring along a rebel soul with a whole lot of gypsy wild style.

31dec19:0023:00499 Baht Buffet Dinner at Thai Garden ResortOnly for 499.- net per adult.

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