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Sunday, March 20, 2011

What Makes Hua Hin So involving to Foreign asset Investors?

There are any 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 competing prices on houses and condos compared to Bangkok, Phuket, Koh Samui or Pattaya.

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Distance wise, it is also only 2 to 2.5 hours drive from Bangkok on the mostly multi lane highways.

The town's climate - being royal and kind of "low key" so habitancy who don't like active nightlife such as in Phuket and Pattaya will find Hua Hin a refreshing alternative. Its close presence 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 range of local/foreign foods and goods. To added dispell new housing developments in town, there is also a requirement for improvements in areas such as water supplies, sewage system, flood stoppage theory etc. The good news is that these projects are all part of the determination 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 beloved amongst Scandinavian property buyers. Other nationalities comprise Germans, English, Dutch who are finding to buy retirement and holiday homes.

There is also a large shop for Thai purchasers who see Hua Hin as a close weekend getaway from Bangkok and an exquisite opening for the buy 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 in the middle of 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 proprietary 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 want some kind of rental income to dispell the ongoing maintenance costs and hopefully make a bit of added income to pay for the airfare and out of pocket expenses. Thus, the opinion of renting out their holiday home is a very absorbing selection for them and one that is becoming an expanding motivation for foreign buyers to look to Hua Hin when investing in Thailand real estate.

What Makes Hua Hin So involving to Foreign asset Investors?

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