Pattaya's Real Estate Market Falters

There is growing concern over the broad-based Pattaya property sector which has seen market conditions flatten.
A key-driver of the trend has been the rapid decline of the Russian Ruble, as the overseas buying segment has been highly leveraged by Eastern European buyers over the past few years.
Stress may enter the equation as a number of project completions are expected this year and in 2016.
There are expectations that some purchasers may default once the registration trigger has been pulled.
Speculators are increasingly talking about stress creating some strong discounted opportunities as a growing secondary market looms.