Hua Hin Real Estate
Hua hin real estate is popular foreign resident area. Some foreigner buy condominium. Some of foreigner prefers to lease a house in long run.
Real Estate Hua Hin Advices
When you are planning for a house in Hua Hin, Real Estate Hua Hin will give the following advice.
The railway is going through Hua Hin from North to South, with at least one train per hour. These diesel trains are noisy and blow their horn a lot, so we advise you to avoid the area near the railway.
Close to the Hua Hin beach means high land prices and after a while it not so nice to sunbath every day.
The area south of Hua Hin is popular by foreigners. The main beach of Hua Hin and beaches in the south are close by.
The North and the West of Hua Hin town center may offer you the best value for your money when buying property such as houses and land. The road " Chulapataan Road" takes you to the center of Hua Hin in minutes. If you wish to invest in land, or build your own house. Real Estate Hua Hin can design and build it for you. North-West Hua Hin would be a preferable area since the land prices here are still reasonable.
Facts and Forecasts
Thailand is doing very well in this world. Unemployment only 1.2% and foreign exchange reserves have climbed to a record high of more than 48 billion dollars.
Prices and salaries are still low. Inflation is around 5% and average salary under 7,000 Baht per month. The boom in construction gives higher prices for construction material (steel prices up by 70% over the last 12 months) and petrol prices are affecting the transport cost. The economic growth for 2006 was 4.5%. At the moment petrol prices are going down from 42-43 Baht to 33-34 Baht.
The market of this popular Thai resort is booming. Hua Hin is only 21 kilometres long and about 3 kilometers wide. Beyond these 3 kilometers there are mountains where construction is not allowed. Of this area, around 63 square kilometers, is over half already occupied by houses, hotels, roads, railroads, golf courses, and a royal palace and a military base who occupies a lot of land that is for government use only. There is also a canal system to prevent flooding that also occupies space.
In theory there are around 10 - 15 square kilometers that is available for development. Condominiums, hotels and guesthouses occupy the beach. The old city core between the hotels and Petchkasem road is full, and in the west between Chulapataan road (canal road) and Petchkasem road there is the railroad where land is hard to sell. All this land that is considered to be attractive, most is already sold.
Most new developments is now located west of Chulapataan road. Prices on real estate have been going up with about 30% per year during the last 3-4 years.
Return from Hua Hin real estate to Hua Hin Page
Return from Hua Hin real estate to Home Page
|
