There are several factors that attract property investors to Hua Hin.
The climate, long sandy beaches, good shopping options, the area & international restaurants and also visiting the night markets and it is relatively competitive prices on houses and condos compared to Bangkok, Phuket, Koh Samui or Pattaya.
Distance wise, additionally it is only two to 2.5 hours drive from Bangkok about the mostly multi lane highways.
The town's atmosphere - being royal and sort of "low key" so those who don't like active nightlife including in Phuket and Pattaya will see Hua Hin a refreshing alternative. Its closeness to nature, 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 around, additionally there is a dependence on improvements in areas including water supplies, sewage system, flood prevention system etc. The good thing is why these projects are common the main 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 is definitely very well liked amongst Scandinavian property buyers. Other nationalities include Germans, English, Dutch who're thinking about purchasing retirement and holiday homes.
Additionally there is a large niche for Thai purchasers who see Hua Hin being a close weekend getaway from Bangkok and an excellent opportunity for buying an additional home.
Among the current trends will be the emergence of luxury villas here. Hua Hin accustomed to target low to mediocre properties between 2 -7 million baht, however, we currently see more new launches of luxurious villas and condominiums selling for upwards of 15 million recently.
We're also witnessing new types of properties including serviced apartments, condos with full rental management, resort ownership with rental income guarantee, fractional ownership, etc. Lots of the industry is of their 40s and 50s and still working, thus they can only spend a month of the year residing in their properties, but require some kind of rental income to absorb the continued maintenance costs and hopefully produce a little bit of additional income to cover the airfare and up front expenses. Thus, the thought of renting out their holiday home is an extremely attractive option for them then one that's just as one increasing motivation for foreign buyers to take a look to Hua Hin when you buy Thailand real estate property.
Maddy Barber may be the co-founder of Hua Hin Finder, a real estate agency specialising in Hua Hin property rentals, as well as condo sales. The business has been finding homes for expats in Hua Hin, Thailand for over 5 years now and regardless if you are looking to buy or rent a house within this serene beach town, just Couple of hours drive from Bangkok, it will be here.
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