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If you meet expats, residents or travelers in Bangkok, you’ll most often hear that they plan going to Hua Hin for a weekend or longer.
It’s a relatively small city with beautiful beaches, making it possible to recover from the hustle and bustle in the capital.
Some people even decide to reside in Hua Hin, travelling to Bangkok once in a while.
In this article, I explain the basics when buying a condo in Hua Hin.
Hua Hin property market
Hua Hin is strategically located a couple of hours drive away from Bangkok, making it not only attractive to foreign buyers, but also locals.
This is a great benefit as the local market not only rely on foreign investments, but is fairly self-sustaining. The supply of condos has increased much the past years, making room for plenty foreign and local buyers, in relation to the size of the city.
In comparison with other resorts like Pattaya, the supply/demand is more balanced and stable as well.
Many Russians pulled out of the Pattaya property market during the oil crisis and when the Ruble lost in value, which affected the market badly.
Russians buy condos in Hua Hin also, of course, but the market is backed up by more locals, especially from Bangkok.
Even if the supply of condos has increased much in Hua Hin, we’ve seen, and will see, a decrease in new constructions in the coming years.
The major reasons are that developers are getting more restrictive, as new condos from previous years has been left empty.
Where should I buy a condo in Hua Hin?
If you seek a high price appreciation over the long term, it’s important that you turn away from the areas with an oversupply of condos and target areas with a predicted future growth.
The same as it goes in Phuket, where foreigners and developers find areas in the northern parts, closer to the airport, increasingly interesting.
Let’s have a look at some of the most popular areas in Hua Hin, or close to Hua Hin.
Hua Hin has a sub district called Hua Hin, it’s the most populous area with almost 50,000 people. This is where prices have increased much the past years.
For a decent 1 bedroom unit in a condo, you need to pay around USD 60,000 and upwards.
Cha am is located north of Hua Hin and gets increasingly popular among foreign and local buyers.
The area is fairly big and compete with Hua Hin to attract foreigners. There’s a reason why some locals prefer Cha am over Hua Hin, and it’s the closer distance to Bangkok.
Even if Cha am is getting increasingly popular among foreigners, it doesn’t have as many foreigners as Hua Hin.
Prices for a decent 1 bedroom condo usually start at USD 50,000.
Khao Takiab has developed slower than Hua Hin, as it’s located a bit further away. Buyers have found Khao Takiab more tempting recently though, mainly due to lower property prices.
Previously, it was common to live in Khao Takiab and going to Hua Hin for dining and drinks.
However, nowadays many decide to stay here as the area gets increasingly more bars and restaurants.
Real estate agents
If you want to buy a property in Hua Hin, you first need to find a real estate agent that can help you.
As Hua Hin caters many foreigners, you’ll have no issues to find real estate agents that are either owned by foreigners, or that has staff that can speak English.
Some of the most popular real estate agents in Hua Hin are:
a. Property Solutions Hua Hin
b. Hua Hin Property Listing
c. Dream Estate Hua Hin
d. Property Real Estate Hua Hin
e. Acute Realty
Contact a handful of agents before you go to Hua Hin and see how they can help you, and what track record they have.
Hua Hin is popular, not only among foreigners, but also locals. Thanks to its proximity (20 km) to Bangkok, many buyers decide to stay in Hua Hin, travelling to Bangkok once in a while.
Prices in Hua Hin are also cheaper in general compared to Bangkok.
The number of condos increased much from 2010, but the supply has decreased, and will continue to do so for a while.
A benefit of investing in Hua Hin is that it’s not relying as much on foreign investors, compared to places like Pattaya.
If you want to read more about foreign ownership and how to buy a property in Thailand, I recommend you to read this article.
I hope you found this article interesting and wish you good luck with your property purchase in Hua Hin.