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Olmate

Time for new apartment or condo

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I,ve just renewed my extension for the year and lease is up ,has anyone noticed a drop in rental costs as a result of the downturn? Central Pattaya seems empty but no sign of any reductions advertised other than cheap hotel rooms?

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In Bangkok I see some condo's for 25% less than before.  Not all, there are now big differences in the same building. It seems some people are desperate, others not. I also see more flexibility with contracts. First you always got a 1 year contract, now 3, 6, 9 months is also possible for the same monthly term.

 

 

 

 

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18 minutes ago, twocatsmac said:

I recently leased a new condo 25% cheaper than my previous unit in the same building, included is a new washing machine and fast free internet. 

Being able to deal directly with the owner is a big advantage. 

Is it noticeable in your areas the lack of westerners? Pattaya is virtually empty near me and even the cheaper apartment blocks are not interested in dealing, seem content to be that way...strange although Thai only places seem willing to bargain.

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Posted (edited)
2 hours ago, Olmate said:

I,ve just renewed my extension for the year and lease is up ,has anyone noticed a drop in rental costs as a result of the downturn? Central Pattaya seems empty but no sign of any reductions advertised other than cheap hotel rooms?

In Big C Pattaya klang there is a board near the toilets where 

everyone can advertise for rent or sale something. I noticed in

the last weeks a drop around 10 to 30% in the price of the rent and sale

for the condos.

Most of the owners, Thais or foreigners, are still waiting and hoping for a change 

in the tourism policy, they think it's only a matter of weeks before all return to

the normal, so they are just waiting.

 

The more the time past, the more they should

understand the tourists will not be allowed to return

then we can expect massive discounts next year

Edited by kingofthemountain
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10 minutes ago, Olmate said:

Is it noticeable in your areas the lack of westerners? Pattaya is virtually empty near me and even the cheaper apartment blocks are not interested in dealing, seem content to be that way...strange although Thai only places seem willing to bargain.

I referred to Udon Thani so always western expats coming and going and not affected by the virus in the way Pattaya has been.

 

If you do experience difficulties negotiating with Thai landlords it will be due to the “fear of Johnny foreigners” here to infect us syndrome. 

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I wonder if cheaper prices will also mean bad service.

If something is broken in the condominium, like i.e. the air-con, how fast will an owner fix it?

It would be interesting to read comments about that from the people who were able to get special prices. 

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On Facebook marketplace i see condos in Pattaya offered at lower rent

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1 minute ago, OneMoreFarang said:

I wonder if cheaper prices will also mean bad service.

If something is broken in the condominium, like i.e. the air-con, how fast will an owner fix it?

It would be interesting to read comments about that from the people who were able to get special prices. 

Early days.....had a few small problems, which were easily sorted....but the Thai landlord has been on them straight away, sorted and fixed. Fingers crossed.

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3 minutes ago, OneMoreFarang said:

I wonder if cheaper prices will also mean bad service.

If something is broken in the condominium, like i.e. the air-con, how fast will an owner fix it?

It would be interesting to read comments about that from the people who were able to get special prices. 

Agree there, it’s partly the reason I,m looking to move. A new owner but no offer of incentive to stay on.

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Posted (edited)
36 minutes ago, kingofthemountain said:

It's more due to the greed syndrome imo

Thinking I’d left my old Thai/Chinese landlord with an empty condo for 12 months or so cheered me up. (I’ll show em for not negotiating)

 

4 months later a farang is now paying 3k a month over what I was. 

The moral here I suppose is, she knew the business better than I did and the best units will always rent eventually.

Edited by twocatsmac
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3 minutes ago, twocatsmac said:

Thinking I’d left my old Thai/Chinese landlord with an empty condo for 12 months or so cheered me up. (I’ll show em for not negotiating)

 

4 months later a farang is now paying 3k a month over what I was. 

The moral here I suppose is, she knew the business better than I did and the best units will always rent eventually.

You'd have to be going some to get one over on the Chinese.

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