Now that the source of the Chinese tourist flow threatens to dry up due to the corona virus, more and more for sale signs are appearing on the buildings. They replace the "happy hour" placards.
A superficial survey in the center of Pattaya clearly shows that there is a significant increase in companies for sale or rent. In some cases due to the disappearance of Chinese tourists due to the Covid-19 outbreak. Shops that were open just a week ago at places like the Soho Town Market and Mae Wilai Market are closed today.
While Indian, Russian and European tourists were still in town, many businesses had put all their eggs in one Chinese basket and are now being forced to close as Beijing banned overseas travel to contain and control the spread of the deadly virus .
However, "one man's death is another man's bread", said speculator Sei Kom and is now buying up several properties because many properties are offered far below market value. As long as the market is in a downer mood, he buys up properties and holds them until the tide turns. It is a cyclical event, as an investor you have to act at the right time and let time do its job.
Source: Pattaya Mail
Moderator: Unreadable due to missing or incorrect use of punctuation marks. So not posted.
Life is and remains unruly and hassle on your account that many are not waiting for. There are no guarantees, so think before you leap. Despite the money invested, many will be lost and the blow will continue for a long time, I'm afraid.