Find out why Hua Hin continues to attract millions in foreign property investments and why it's such a retirees' haven.
There are several factors that attract real estate investors to Hua Hin.
The climate, long sandy beaches, good shopping options, the local & international restaurants as well as visiting the night markets and its relatively competitive prices on houses and condos compared to Bangkok, Phuket, Koh Samui or Pattaya.
Distance wise, it is also only 2 to 2.5 hours drive from Bangkok on the mostly multi lane highways.
The town's atmosphere - being royal and kind of "low key" so people who don't like active nightlife such as in Phuket and Pattaya will find Hua Hin a refreshing alternative. Its close proximity to national parks, such as Sam Roy Yod and Kaeng Krachang is also a major plus.
Hua Hin is also becoming more "international" with English speaking hospitals, and supermarkets which sell a variety of local/foreign foods and goods. To further absorb new housing developments in town, there is also a requirement for improvements in areas such as water supplies, sewage system, flood prevention system etc. The good news is that these projects are all part of the election platform of the newly elected mayor of Hua Hin. Therefore, we can expect some improvements in the near future to this rapidly growning beach town.
Hua Hin has always been very popular amongst Scandinavian property buyers. Other nationalities include Germans, English, Dutch who are looking to purchase retirement and holiday homes.
There is also a large market for Thai purchasers who see Hua Hin as a close weekend getaway from Bangkok and an excellent opportunity for the purchase of a second home.
One of the current trends is the emergence of luxury villas here. Hua Hin used to focus on low to mid range properties between 2 -7 million baht, however, we now see many more new launches of luxurious villas and condominiums selling for over 15 million recently.
We are also witnessing some new types of properties such as serviced apartments, condos with full rental management, resort ownership with rental income guarantee, fractional ownership, etc. Many of the clients are in their 40s and 50s and still working, thus they can only spend a few weeks of the year staying in their properties, but require some kind of rental income to absorb the ongoing maintenance costs and hopefully make a bit of additional income to pay for the airfare and out of pocket expenses. Thus, the concept of renting out their holiday home is a very attractive choice for them and one that is becoming an increasing motivation for foreign buyers to look to Hua Hin when investing in Thailand real estate.
Does the current economic crisis spell cheaper rentals in Bangkok, Thailand?
With the current global economic crisis, many wonder how that has affected the property market in Asia. Does that mean cheaper rentals? If so, by how much? How about sales? Is the property market in Thailand as badly affected as that in the West?
The Rental Process in Thailand.
If you are thinking of renting a property in Thailand, read this first before you start your search. Choosing the right real estate agency or agent for you can be crucial in your finding the dream home in a foreign country such as Thailand where majority of home owners communicate in Thai.
The Allure of Hua Hin Real Estate: A Coastal Haven for Homebuyers
Hua Hin, Thailand, a serene coastal town just a short drive from Bangkok, is emerging as a coveted destination for those seeking a second home or a peaceful retirement. With its convenient location, stunning scenery, and affordable cost of living, Hua Hin is attracting a growing number of international and local homebuyers. This article delves into the reasons behind Hua Hin's real estate boom, the diverse areas within the region, and the trends shaping the local property market.
