Why Hua Hin So Appealing to Foreign Real estate investors?
There are many factors that attract real estate investors to Hua Hin.
The climate, long sandy beaches, good shopping options, the area & international restaurants along with visiting the night markets and its particular relatively huge discounts on houses and condos in comparison with Bangkok, Phuket, Koh Samui or Pattaya.
Distance wise, it is also only two to 2.5 hours drive from Bangkok around the mostly multi lane highways.
The town's atmosphere - being royal and type of "low key" so those who don't like active nightlife for example in Phuket and Pattaya will find Hua Hin a refreshing alternative. Its closeness to national parks, for example Sam Roy Yod and Kaeng Krachang is another major plus.
Hua Hin is also becoming more "international" with English speaking hospitals, and supermarkets which sell various local/foreign foods and goods. To help absorb new housing developments around town, there is also a desire for improvements in areas like water supplies, sewage system, flood prevention system etc. Fortunately that these projects are all section of the election platform in the newly elected mayor of Hua Hin. Therefore, we can expect some improvements in the near future to the rapidly growning beach town.
Hua Hin has long been very popular amongst Scandinavian property buyers. Other nationalities include Germans, English, Dutch who're looking to acquire retirement and holiday homes.
Gleam large niche for Thai purchasers who see Hua Hin being a close weekend getaway from Bangkok and an excellent potential for the purchase of another home.
One of many current trends could be the emergence of luxury villas here. Hua Hin used to concentrate on low to middle range properties between 2 -7 million baht, however, we have now see additional new launches of luxurious villas and condominiums selling more than 15 million recently.
We have been also witnessing newer and more effective varieties of properties for example serviced apartments, condos with full rental management, resort ownership with rental income guarantee, fractional ownership, etc. Many of the industry is inside their 40s and 50s whilst still being working, thus they could only spend 2-3 weeks of this year staying in their properties, but require some kind of rental income to absorb the continuing maintenance costs and hopefully create a amount of extra revenue to cover the airfare and out of pocket expenses. Thus, the very idea of renting out their holiday home is a very attractive selection for them and one that is certainly as an increasing motivation for foreign buyers to appear to Hua Hin when investing in Thailand property.
Maddy Barber will be the co-founder of Hua Hin Finder, an actual estate agency specialising in Hua Hin property rentals, along with condo sales. The agency continues to be finding homes for expats in Hua Hin, Thailand for upwards of Several years now and whether you are looking to purchase or rent home on this serene beach town, just Couple of hours drive from Bangkok, you will find it here.
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