There is a vast group of (often corporate) clients looking to rent for long term new houses and apartments for periods of 1 to 3 years within Pattaya.

Inquiries are flooding in, on daily bases, from tenants looking for similar types of properties in Pattaya and it is getting harder and harder to accommodate them.

What types of rental properties are wanted here in Pattaya?
Houses: Luxury 3-bedrooms (minimum) bungalows (preferred) on a secured development with an (optional-) private pool and nice garden, located not too far from Pattaya's city center and its shopping facilities. Monthly allowance: Between THB 30,000.00 - THB 100,000.00. Apartments: 2 or 3 bedroom luxury apartments with nice sea- views located in Jomtien, Pattaya city, Pratumnak or Wong Amart. Monthly allowance: From THB 60,000.00 to THB 120,000.00.

Being a property owner in Pattaya you might wonder what types of rental returns are feasible. Well; if your property is well-fitted and located on a decent development, conservatively you would be looking at a 7% - 9% net return per annum. Much higher than in most Western' countries.

If your property is located in one of the less favorable areas of Pattaya, you might not be in such a good potential position and your investment could be sitting empty for a long time or generate not even half of the earnings that you are looking for.

If you would like to evaluate the rental potential of your property why don't you ask one of the professional real estate agents what they think? Or, even better, ask a few real estate agents their opinions as well!

Their answer will usually be the same, when it comes to buying a new property to rent, always buy a good house or apartment in an excellent location with good security, management and excellent construction. Then you are well and truly on the road to a successful rental yield.