trying to buy a condo under 1000000

[parafareno 260]

I did the biggest mistake where I passed a crazy offer 7 years ago for a 46 sq, m appartment for 750000......that was the biggest mistake of my life.....

i loved the place, it was amazing....

is there still something like that possible, 40 sq m for under 1 million? But not is balana suannana or what is it called....

[bigginhill 162]

Where? 

[parafareno 260]

in pattaya.....it can be near sukhumvit too

[kingofthemountain 4,606]

Depend on yours requirments

but yes of course it's still possible

i know some around 800 000\900 000

in a pretty well build and maintened condo but it's not a new one

and it's not beautiful from the outside.

Big swimming pool but no gym.

MP if you are interested

[parafareno 260]

i have sent you pm

[madmen 9,165]

1 hour ago, parafareno said:

I did the biggest mistake where I passed a crazy offer 7 years ago for a 46 sq, m appartment for 750000......that was the biggest mistake of my life...

Hopefully you didn't buy into the Tv poor pensioner 4 k room renters screaming never buy in Thai

[Pdavies99 488]

I wish you the best buying your dream property, but is than not rather small?

 

Fine for a 4 week holiday, 40sqm? Wow! Your living room most likely will incorporate your kichen plus front door and your TV will be in touching distance from the far wall?

 

In addition have you ever spoken to many people who try to sell there property, its only possible at a massive discount, in addition Thais in general prefer to buy only brand new properties, have you looked around....most buildings have huge amounts of property for sale and many many owners not paying there fees etc.  Exchange rates are also unfavourable for most at this time.

 

Why not just rent?  Keep you life fluid and options open.   (No neighbour issues etc!)

 

Good luck!

Edited November 3, 2019 by Pdavies99

[beautifulthailand99 4,009]

Here you go - but as the last poster said why not rent - you are really spoilt for choice. 

 

https://www.thailand-property.com/condos-for-sale/chonburi/pattaya/jomtien?max_price=1000000

[fhickson 512]

nirun condos and jomtein condotel have plenty for sale in that price range

 

careful though, some buildings like jomtein condotel dont have the usual facilities for living, for example laundry machines, and are setup to fleece foreigners with expensive on site food and services normally reserved for people on vacation.

 

this seems to be a particular problem in pattaya where many condos are 'set off' by themselves from surrounding neighborhoods, most likely to keep people in or just because land was cheap there. they all offer these deceptively cheap rooms with many units always for sale.

Edited November 3, 2019 by fhickson

[parafareno 260]

nirun i am not touching.....looks like a horror movie.....but what condotel are you talking about?

[parafareno 260]

only baan suan lalana alwaays the cheapest.....it is in weird location too.....and you have to look from the balcony straight to your neighbour appartment.....

i like pattaya plaza, old, but affordable appartments....and sound prooof rooms....

[Lacessit 17,477]

3 hours ago, madmen said:

Hopefully you didn't buy into the Tv poor pensioner 4 k room renters screaming never buy in Thai

I buy a condo here, the rent I save is equivalent to a 6% return. I save my money instead, buy an Australian bank share or other bluechip for a grossed-up return of 7%. Or I get 6-10% return in the peer-to-peer lending market.

Guess what? I can liquidate those investments with the click of a mouse. It would take months to sell a condo, even assuming it is possible with oversupply and falling demand.

So tell me, what are you going to do when you can no longer live in Thailand due to Immigration? Or if your condo starts falling apart, and all the owners are hit with a huge levy? New neighbours are still partying at 4 am?

Dumbest post I have read in years.

Edited November 3, 2019 by Lacessit

[scubascuba3 9,702]

There are a few condo complexes in the soi arunotai area, have a look down the soi. The problem with these places is a bit run down, mostly thais living there, miserable looking. I had a look at one, miserable looking and a dimented older american shouting and everyone ignoring him, didn't make me want to live there

[jacko45k 16,143]

4 hours ago, Pdavies99 said:

In addition have you ever spoken to many people who try to sell there property, its only possible at a massive discount, in addition Thais in general prefer to buy only brand new properties, have you looked around....most buildings have huge amounts of property for sale and many many owners not paying there fees etc.  Exchange rates are also unfavourable for most at this time

I would still very much say it is a buyer's market. What Thais prefer to buy has always been the same, but we can look towards the new demographics coming into town, but beware, they are known to be hard bargainers and tight with a penny. The exchange rates do make buying a property look expensive, but also has the advantage of appealing to sellers, who are quite prepared to lose in Thai baht terms, as they will still be getting a lot more pounds or Oz dollars... and are very keen to move on.

That said, personally, I would not be buying into the market now, unless it is a peach like the OP describes. That said, a 46m2 condo...  is too small if one lives here permanently, I would be climbing the walls, You would have to spend a lot of time outdoors, hopefully not with the lines of guys one sees in the free seating in malls, getting free AC, leaning on sticks, bored. 

 

[newnative 5,048]

      There are pros and cons to renting vs. owning.  For some, renting works best.  For me, the pros of owning far outweigh the cons.  I have the owner mentality and renting is not for me.  I would own even at the risk I might lose some money on the deal--fortunately that has never happened here or in the US.

      For the record, you can buy a condo in Thailand and later sell it at a profit--I've done it 19 times. For the record, Thais will buy used condos--3 of my condo sales were to Thais and a fourth buyer had a Thai wife.  (More likely with the latter, Thais won't buy over-priced used condos in lousy condition in lousy areas.)

     I suggest you look at Hipflat--which is a good source for condos for sale and rent. You can search specific areas and then specific projects.  At your price point you are likely looking at a smaller new condo in a project with lots of amenities or a larger, older condo with, perhaps, fewer amenities.  If you don't like the idea of living in a hotel I would avoid some of the very large new projects--most have lots of daily renters.  Take your time, do your homework, and good luck!