House market in Hua Hin

Ask here about the pleasures and pitfalls of buying, selling or renting property and real estate in Hua Hin. Building, design and construction topics welcome. Commercial or promotional posts for real estate companies or private properties are forbidden.
SPONSORS: Hua Hin Property
User avatar
johnjar
Guru
Guru
Posts: 518
Joined: Mon Sep 04, 2017 8:34 pm
Location: soi bonkai , Thailand

Re: House market in Hua Hin

Post by johnjar » Wed Nov 22, 2017 12:45 am

Nereus wrote:
Tue Nov 21, 2017 9:05 pm
in the early 80's when I first came to Thailand the fx rate usd/thb was 22, and again in 1997 the Asian market crash it went to nearly usd/thb was 50,
Actually, the Thai Baht was pegged at 25 Baht to the US Dollar from the early 80,s up until it was floated on 2nd July 1997. It reached a low of 56 to the Dollar in January 1998.
Nereus…Well we are are both in the ball park….Yes currency versus property is all swings and roundabouts, another example look at the aus dollar v usd in about 1981 it was $1.25 usd to buy an Ozzy, now its only worth 0.76 USD, therefore the Ozzy has lost 39% of its value since then.

Tangible asset’s like property in good locations always increase in value, especially, in area's I mentioned and other thriving areas of Hua Hin they sell and rent easily.Whether the buyer is for a home for life with loved ones or just a investment Hua Hin is growing fast and a great place to invest.

https://www.bloomberg.com/news/articles ... anley-says

The dollar is threatened by six years of weakness as stronger global growth will outweigh any boosts from interest-rate increases by the Federal Reserve, according to Morgan Stanley.

Investors should short the greenback against emerging-market currencies and the euro as growth gathers momentum.
Last edited by johnjar on Wed Nov 22, 2017 1:36 am, edited 2 times in total.

User avatar
johnjar
Guru
Guru
Posts: 518
Joined: Mon Sep 04, 2017 8:34 pm
Location: soi bonkai , Thailand

Re: House market in Hua Hin

Post by johnjar » Wed Nov 22, 2017 1:12 am

MikaQ5 wrote:
Tue Nov 21, 2017 8:28 pm
jingjoe wrote:
Mon Nov 20, 2017 6:49 pm
RCer wrote:
Mon Nov 20, 2017 5:53 pm


Yes, I knew that, but still no return on investment until the house sells at a profit above cost to maintain.
Theoretically if i sold the house for 3million ( 1 million less than i paid) i am up 500 000bht, then take off maintenance and monthly fees, probably come out square

So therefore ( as selling on a house in Hua Hin seems to be difficult - need to heavily discount because of such an oversupply etc ) what's the point of buying versus renting ( in Hua Hin area )

I have recently moved to Hua Hin and am thinking to buy also but it seems to be tying up money in a asset that will be extremely hard to sell in the future( even if it's leaving the asset to family in the event of passing on ) - that makes little sense to me anyway

It's an extremly interesting topic by the way
MikaQ5...Landlords grow rich in their sleep :wink:

https://www.bloomberg.com/news/articles ... anley-says

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." Paul Samuelson

Socrates
Amateur
Amateur
Posts: 32
Joined: Sat Jun 07, 2014 1:07 pm
Location: Bavaria

Re: House market in Hua Hin

Post by Socrates » Sun Mar 11, 2018 9:49 pm

In this time in Thailand is a oversupply from 60.000 - 80.000 condominiums and houses. Normaly the prize should be under pressure, but here is not a normal market.

http://www.construction-property.com/read-news-1039

Russian, Chinese and even rich Thai people buy real estate only for to invest. You can see in Pattaya and in Hua Hin, when you walk next to the beach and watch the condominiums. In most of them, you will never see any light.

We have space in Laguna Village in Soi 102 in Hua Hin and we are looking for a house to buy additional..

Some owner would like to sell since 2-3 years. Their prize is 1-2 Million over. But they dont think about to reduce. So we don’t think to buy.

User avatar
Khundon1975
Rock Star
Rock Star
Posts: 3361
Joined: Wed Jan 14, 2009 4:05 am
Location: Boo, I'm behind you.

Re: House market in Hua Hin

Post by Khundon1975 » Sun Mar 11, 2018 11:09 pm

johnjar wrote:
Mon Nov 20, 2017 7:02 pm
Pagey wrote:
Mon Nov 20, 2017 6:07 pm
RCer wrote:
Mon Nov 20, 2017 5:53 pm


Yes, I knew that, but still no return on investment until the house sells at a profit above cost to maintain.
No one has mentioned any return on investment, just the opposite in fact.
Discussing investment return aspect of house market in Hua Hin, if you bought in a good thriving area such as Bonkai [Soi 88 to 94] or Soi Naebkehardt, say 10 or 20 odd years ago, these areas have probably increased their value tenfold,and giving buyer a very good return on their investment and a home to boot :)
johnjar
The wifes parents have 2 beachfront properties on Naebkehardt, purchased in 1999. They have, as you mentioned, gone up in value by approx 8 times what they paid back then.

They also have many other businesses rental properties in HH, all of which have increased in value.
However, these properties are investments, bought for the rental income, not bought as homes.

Plenty of second hand homes in HH, with prices to suit most budgets, just advise anyone to take time before buying.
:cheers:
I've lost my mind and I am making no effort to find it.

User avatar
johnjar
Guru
Guru
Posts: 518
Joined: Mon Sep 04, 2017 8:34 pm
Location: soi bonkai , Thailand

Re: House market in Hua Hin

Post by johnjar » Sun Apr 01, 2018 7:17 pm

Khundon1975 ....Exactly right properties in prime areas in Hua Hin will always increase in value and also is still growing and getting better all the time, and good advise " take time before buying " :)

Socrates
Amateur
Amateur
Posts: 32
Joined: Sat Jun 07, 2014 1:07 pm
Location: Bavaria

Re: House market in Hua Hin

Post by Socrates » Sun Apr 01, 2018 8:31 pm

If no big changes in politics and the Baht will not become higher than last year, the market has to come down, if a seller realy want or need to sell.

What I can see is, that owners have advertising for to sell, but with very high prize. After a while, the advertising to sell disappeared and came back after 1 year.

That means, they only observe the market and waiting for a stupid one.

Post Reply

Who is online

Users browsing this forum: No registered users and 3 guests