Thailand’s Golden Coast Bucks the Trend

Mae Phim beach at sunset

Mae Phim and the surrounding area has long been popular with Thais from Bangkok and the nearby provinces as a convenient weekend coastal holiday destination, but with the new airport to the east of Bangkok, excellent roads which connect you to the heart of Thailand’s capital city in just over two hours, and better value for money land and properties than the likes of Pattaya and Hua Hin, the area is seeing increasing popularity from Thais and foreigners alike.

In recent years the Rayong coastline has seen the beginnings of some serious development, and exclusive housing and condominium projects have begun to drive up prices of Real Estate.

With such a convenient location in relation to Bangkok and Pattaya, but without the same level of crime, traffic and over-inflated prices, the demand for land and properties is increasing. Whilst new developments are springing up along the coast, new investment into older developments is also raising the standard of living in these locations.

Foreigners who have seen the prices of their properties peak and come down from the high in other parts of Thailand are also moving to this area because they can see the potential for growth of their investment in property in the region.

Consequently, real estate along the Rayong coastline is bucking the trend somewhat in respect of the global economic recession and respective fall in property prices, and thus represents an excellent investment opportunity in these times where such opportunities are few are far between.

But don’t worry, you’ve not missed the boat yet. Whilst a number of smart investors have already invested in the area, prices have only recently started to rise and there’s plenty of scope for increase yet before they attain a similar price level to the likes of  Hua Hin and Pattaya, and if you look at investing in properties in some of the older developments, then there are still some real bargains to be had.