Hua Hin property picking up

[heretostay]

it doesnt help with the foreign (english) mafia still running around in there fancy cars,
nobody in the right mind would transfer money in to Thailand at these exchange rates, the only good business is Leaving parties, I have not meet anyone new who has moved to HH in 12 months, just my phonebook shrinking, close to me there are houses for sale that I know have been for sale for 4 yrs plus now.

[chopsticks]

Also more bad publicity as another Brit is beaten up allegedly over a property deal gone wrong which this forum seems to be avoiding for some reason despite it being reported everywhere else...........(unless I have missed it ???)

http://www.andrew-drummond.com/2010/03/ ... -to-death/

What a shocking article (and photograph).

[Brit Jim]

it doesnt help with the foreign (english) mafia still running around in there fancy cars,
nobody in the right mind would transfer money in to Thailand at these exchange rates, the only good business is Leaving parties, I have not meet anyone new who has moved to HH in 12 months, just my phonebook shrinking, close to me there are houses for sale that I know have been for sale for 4 yrs plus now.

Agree no one in their right mind is going to transfer large sums of money at these rates UNLESS your getting something special. With some research there are some bargains out there.

I think long term HH will always be a good investment. It has many good things to offer for both Thai and foreigners, compared to places like Pattaya and even Samui.

People that bought 4, 5 , 6+ yrs ago with a strong exchange rate that are prepared to sit it out may be in a good position.

If not reduce your price by 25 to 30 % of the original price that you paid. With the current exchange price
if you send your funds back to the UK you should nt lose out....too much

You can sell anything in life its not rocket science if your price is right. We have a mix of some developers who insist on high pricing and have all the time in the world waiting for their rich Thai or foreigner. For some experienced wealthy developers this may work. For others with limited cash flow or new set costs its not option. You need to sell that unit and move onto to the next, therefore pricing is crucial. Also coupled with ever changing and complex rules on foreign ownership does not help the situation.

Severe Over supply of properties as well!

Long term I believe things will improve.....but Im a optermist

[Khundon1975]

30,000,000 Baht around £600k. In the UK county that I live, that would just about get you 2 decent 4 bed houses but as for beach front property at that price, forget it.

If the agents Engel & Volkers, only manage to sell that over 2 months despite the huge amount of properties on their books, they must really be feeling the pinch, hence the hype in the article. Just typical agent speak or squeak.

I saw a UK developer drop a £900k apartment price by £200k, just to get it off his books, can't see a Thai doing that.

Hang in there guys, things will improve in a few years. I could be wrong though.

[The understudy]

30,000,000 Baht around £600k. In the UK county that I live, that would just about get you 2 decent 4 bed houses but as for beach front property at that price, forget it.

If the agents Engel & Volkers, only manage to sell that over 2 months despite the huge amount of properties on their books, they must really be feeling the pinch, hence the hype in the article. Just typical agent speak or squeak.

I saw a UK developer drop a £900k apartment price by £200k, just to get it off his books, can't see a Thai doing that.

Hang in there guys, things will improve in a few years. I could be wrong though.

Hi there Khundon

Engel & Volkers are a very big Real Estate Company in Germany with hundreds if not thousands of Properties in their Books. They are also active In other countries such as Spain, South of France, some fancy Properties here on the US West Coast and Thailand as well.
I really don't know the motiv why they come here to Hua Hin but I think they are in it in a long run. As far as I know Engel & Voelkers have some shares in local Devellopments in Pattaya and a handfull of of Properties in Bangkok so it would make sense to stick to a Potential market like Hua Hin in a long run!
Can anybody remember their small Condo Project just 5 Min. Footwalk south of Hua Hin Municipality close to Villa Market and the Steak Restaurant on Soi 80? This Project had been shelved for the Time being but in a few years time they would rewive the Project.

Your's The understudy!!!

[Khundon1975]

"I really don't know the motiv why they come here to Hua Hin but I think they are in it in a long run".

The motive is money Understudy, nothing wrong with that.

The point I was trying to make, is out of more than 1.9 Billion Baht they only managed to sell 3 Million Baht in 2 months. They may be very large in other countries but this is about the market in HH. If they are having a bad time, how are the smaller agents doing?

Many huge estate agents have, over the last 2 years, folded here in the UK, actually they (estate agents anywhere in the World) have very few assets, most of the offices are rented and easy to dispose of and the staff are just numbers on a balance sheet.

If they got themselves involved in developments in Thailand, I think I would use another company.
After all, they are meant to be the experts but did not see the fall in property sales coming.

Good luck to them though, as they seem to be one of the more honest agents in town.

[johnnyk]

Being a big player in the Spanish market doesn't mean much right now.

[sargeant]

Engel & Volkers sounds like a comedy duo like Morecombe & Wise
obviously did the clubs with the beatles it seems to me they live in a yellow submarine

[STEVE G]

Engel & Volkers sounds like a comedy duo like Morecombe & Wise

German comedy?

[bladerunner2120]

Property prices seem inflated to me there in Thailand and the conclusion i came to is that the over priced property is being targeted to farangs..
A lot of my searching has been on the net so i have got disillusioned, i have been informed of several properties by my thai conections one in Hua Hin that dont come anywhere near what ive seen offered on line.
I dont think i am wrong if i say that a number of farang Hua Hin residents are real estate agents or developers so there....and there not isolated in that area alone...
You guys might like the idea of a climbing market but if all the farangs needed to get out of the country quickly not many thais could afford your house, apart from that seems that property is a little hard to move over there...thats only my observation.

[loverboy44]

I think this is going to far now.
Engel & Voelkers are professional agents with a clear corporate policy. How many are there?
And no, i am not one of them.
I just had the experience once that one of the many cheated on customers used them to put things right.
Please keep things straight guys.

[caller]

I think this is going to far now.
Engel & Voelkers are professional agents with a clear corporate policy. How many are there?

I think the problem is that the 'advertorial' as posted in the OP doesn't reflect well on them. Rather than 'big' them up, it appears to have affected their credibility, by those living in town, at least.

I certainly viewed them as 100% bona-fide and I think that article was a mistake for that reason.

[johnnyk]

I am certain they are bona fide, unlike some in HH and Thailand in general.
But they undermine their cred when they resort to advertorials. Just buy the frickin' space guys!

[STEVE G]

Yes, I think it's the fact that they do buy space in the Bangkok Post on a regular basis which obviously gets them these editorials; here's another one from last week:

http://www.bangkokpost.com/business/eco ... olf-course

[margaretcarnes]

Isn't it a bit alarming that 90% of E and V's properties are 'resales'? Unless owners are trading up from condo/apartments to houses, I'd say that 90% figure shows more of a rat/sinking ship situation than a stable market!