Thursday, November 19, 2009

What Makes Hua Hin so Attractive to Foreign Property Investors?

What Makes Hua Hin so Attractive to Foreign Property Investors?

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.

By Maddy Barber

Maddy Barber is the co-founder of Hua Hin Finder, a real estate agency specialising in Hua Hin property rentals, as well as condo sales. The agency has been finding homes for expats in Hua Hin, Thailand for over 5 years now and whether you are looking to buy or rent a property in this serene beach town, just 2 hours drive from Bangkok, you will find it online at www.HuaHinFinder.com. For Bangkok property sales, check out their Bangkok branch, IHI property.

Article Source: http://www.articlesbase.com/finance-articles/what-makes-hua-hin-so-attractive-to-foreign-property-investors-664420.html