Real-Estate Market in Hua Hin, Thailand is Quickly Recovering with New Product Direction and Better Prices for Buyers.
Five years ago if a buyer wanted to buy a house in Hua Hin, Thailand they did not have much choice and this why off-plan sales were so popular. Maybe for some it meant to save a bit of money but for many it was the only option. Usually buying off-plan is done for investment reasons, to flip quickly and make a decent short term profit, not for a holiday home in paradise. This is confirmed in my day to day meetings with customers from around the world, the majority of people who buy a holiday home here do so with their hearts and not as an investment vehicle.
The difference between an investment opportunity and buying for pleasure is a very important distinction when it comes to knowing what our customers want, finding it, negotiating realistic terms and conditions and ensuring they are secure in their purchase. Our clients have worked hard to realize their dreams and it is our commitment to facilitate, inform and protect them in making the right choice to make it a reality.
In the past few months customers have returned to Hua Hin (or they were here already and put off buying and opted to rent for 6-12 months) as the economy gets back up on its feet again and are ready to begin searching for the perfect home for both holidaying and long term stays. However, clients are still swaying on the side of caution and are not willing to invest the bigger amounts of the past, 8-20 million THB, but are choosing houses and condos in the 3-6 million THB range. This makes perfect sense as it reflects the realities of the new economy.
To meet the new demand, Hua Hin Finder will be populating its site with homes priced between 3-6 million THB with at least 100 great homes over the next 2 months to meet our clients expectations and budget while still getting them what they want with as little compromise as possible. Yes it is a buyers market and both owners and developers are building or re-selling more affordable homes to meet the new market demands.
The recent economic downturn and its upward fight is one of the best price regulating factors to come about in years in Hua Hin, Thailand and will benefit us all much more than before. Prices are more realistic allowing even more international buyers to come and live here while still being able to keep some money in the bank.
