Hua Hin is no longer just someplace in the Malay Peninsula. It is one of the most sought after real estate markets in the country. The condominium segment of the real estate market in Hua Hin is already yielding incredible returns.
Here is an overview of the condo market in Hua Hin featuring the most popular neighborhoods, the types of condos that you can find there, as well as why now is the best time to buy a condominium.
As expected, the best areas are situated in the beachfront areas. The Hua Hin beach is open to the public, and it stretches on more than six kilometers. The condominiums that overlook this beach are always in demand. In terms of price, they are much lower than what they cost if they were in some other more famous resort town. Then there is the Suan Son beach that is also available to the public. The condos overlooking this beach are also in demand and come with a spectacular view.
Then there are condo units that are further up the town, which are not as expensive as the ones on the waterfront. But at the same time, they are quite close to the beaches, as well as everything else in the city. The only real trade is the view.
Types of Condominiums Available in Hua Hin
Thanks to the booming real estate market and the many investors pouring money in it, there are plenty of condo units for sale in Hua Hin. A simple online search like “condo for sale Hua Hin” or any major Thai real estate website can help you with that quest.
Those interested in purchasing a condo in Hua Hin can choose from various units such as:
- One and two-bedroom units: Phet Kassem road is one of the many areas where it’s possible to find a great selection of one and two-bedroom units.
- Studio apartments: They are quite modest in both space and amenities. Most of them are found in either Phet Kassem road or the business center in Hua Hin.
- Beachfront units: They are by far the most expensive ones to buy or rent. Beachfront units are also the most sought after type of condo units. Renting the condo during the time you are not there has proven to be quite profitable.
Why should you buy a condo unit now?
Timing in real estate is everything. Acting fast can make the difference between top profit and no profit at all. Here’s why we think that there isn’t a better time to buy a condo then the present.
- Tourism is growing exponentially.
We are talking about a two-digit growth that is going to last at least in the next couple of years. That alone can carry the real estate market on its own.
- Government Investments in Local Infrastructure
The Thai government has already invested millions in local infrastructure and has plans to invest even more. That kind of commitment sends all the right signals to investors and will help the tourism sector grow even more.
- A Growing Community of Expatriates
Much of Hua Hin’s growth is connected to its community of expatriates. There more than 5,000 expatriates living in Hua Hin presently. According to various sources, many more on the way, and they all want to make a living for themselves there.
- Affordable Condo Prices
Buying a condo in Hua Hin is 20 to 40% cheaper than buying one in Bangkok or some other resort town. But that’s not going to last for too long as the demand is driving the prices upwards.