Why is Hua Hin So Popular with Foreign Real estate investors?
There are many factors that attract real estate investors to Hua Hin.
The weather, long sandy beaches, good shopping options, the area & international restaurants and also going to the night markets and it is relatively huge discounts on houses and condos in comparison with Bangkok, Phuket, Koh Samui or Pattaya.
Distance wise, it is usually only 2 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 individuals who dislike active nightlife like in Phuket and Pattaya will see Hua Hin a refreshing alternative. Its proximity to national parks, for example Sam Roy Yod and Kaeng Krachang can be another major plus.
Hua Hin is additionally increasingly "international" with English speaking hospitals, and supermarkets which sell many different local/foreign foods and goods. To help expand absorb new housing developments in the city, gleam requirement of improvements in areas including water supplies, sewage system, flood prevention system etc. Thankfully the projects are common 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 particular rapidly growning beach town.
Hua Hin has long been very popular amongst Scandinavian property buyers. Other nationalities include Germans, English, Dutch who will be thinking about purchasing retirement and holiday homes.
There's also a large industry for Thai purchasers who see Hua Hin as a close weekend getaway from Bangkok and a very good chance for ordering an additional home.
One of several current trends could be the emergence of luxury villas here. Hua Hin employed to focus on low to mid range properties between 2 -7 million baht, however, we have now see many more new launches of luxurious villas and condominiums selling for over 15 million recently.
We're also witnessing newer and more effective varieties of properties such as serviced apartments, condos with full rental management, resort ownership with rental income guarantee, fractional ownership, etc. Most of the industry is of their 40s and 50s but still working, thus they are able to only spend 2-3 weeks of year remaining in their properties, but require some type of rental income to absorb the continuing maintenance costs and hopefully create a bit of extra revenue to pay for the airfare and with your own money expenses. Thus, the thought of renting out their holiday home is an extremely attractive choice for them and one that is certainly becoming an increasing motivation for foreign buyers to take a look to Hua Hin when investing in Thailand real-estate.
Maddy Barber could be the co-founder of Hua Hin Finder, a true estate agency specialising in Hua Hin property rentals, as well as condo sales. The company has been finding homes for expats in Hua Hin, Thailand for upwards of A few years now and whether you're thinking of buying or rent home within this serene beach town, just Couple of hours drive from Bangkok, it will be here.
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