There are numerous factors that attract property investors to Hua Hin.
The climate, long sandy beaches, good shopping options, the area & international restaurants and also going to the night markets and its particular relatively competitive prices on houses and condos compared to Bangkok, Phuket, Koh Samui or Pattaya.
Distance wise, it is also only two to two.5 hours drive from Bangkok around the mostly multi lane highways.
The town's atmosphere - being royal and type of "low key" so individuals who do not like active nightlife like in Phuket and Pattaya will see Hua Hin a refreshing alternative. Its close proximity to national parks, including Sam Roy Yod and Kaeng Krachang is a major plus.
Hua Hin is additionally becoming more "international" with English speaking hospitals, and supermarkets which sell a variety of local/foreign foods and goods. To help absorb new housing developments in town, there is also a requirement for improvements in areas like water supplies, sewage system, flood prevention system etc. The good thing is the projects are the main election platform in the newly elected mayor of Hua Hin. Therefore, expect some improvements soon to the 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 acquire retirement and holiday homes.
There is also a large marketplace for Thai purchasers who see Hua Hin as a close weekend getaway from Bangkok and a very good potential for purchasing an extra home.
Among the current trends is the emergence of luxury villas here. Hua Hin employed to target low to middle range properties between 2 -7 million baht, however, we now see more new launches of luxurious villas and condominiums selling for over 15 million recently.
We're also witnessing new types of properties for example serviced apartments, condos with full rental management, resort ownership with rental income guarantee, fractional ownership, etc. Most of the industry is in their 40s and 50s but still working, thus they are able to only spend a month of the season residing in their properties, but require some type of rental income to take in the maintenance costs and hopefully create a little extra earnings to fund the airfare and with your own money expenses. Thus, the very idea of renting out their holiday home is a very attractive selection for them and something that's just as one increasing motivation for foreign buyers to take a look to Hua Hin when purchasing Thailand real estate.
Maddy Barber could be the co-founder of Hua Hin Finder, a real estate agency specialising in Hua Hin property rentals, as well as condo sales. The agency continues to be finding homes for expats in Hua Hin, Thailand more than Several years now and whether you're looking to purchase or rent a house within this serene beach town, just Two hours drive from Bangkok, it will be here.
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