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Housing demand in Hua Hin continues to avoid major spikes seen elsewhere in Thailand with interest from domestic buyers being slightly higher than overseas property seekers. And after the COVID-19 pandemic saw a surge of demand for houses, villas and townhomes priced at THB5 million and less, people are now looking at more expensive properties.
Overall, housing demand in Hua Hin declined by 1.9 percent between the fourth quarter of 2021 and first quarter of this year. The situation did pick up in April and May with this being the strongest two-month period since December 2021 and January 2022.
There has been a shift in interest when it comes to price when comparing October 2021-May 2022 to the initial pandemic wave of April 2020-March 2021 which was driven primarily by house hunters looking for bargains.
Hua Hin Housing Demand By Price (% of Total Enquiries)
|
|
COVID-19 (April 2020-March 2021) |
October 2021-May 2022 |
|
<TH5 Million |
62.5% |
53.3% |
|
THB5-10 Million |
22.8% |
30.2% |
|
THB10-20 Million |
10.2% |
12.1% |
|
>THB20 Million |
4.5% |
4.4% |
Three-bedroom houses, villas and townhomes in Hua Hin remain the most in-demand from property seekers. Both domestic and international buyers prefer this segment which aligns with general housing trends in Thailand. Two-bedroom residences were the second most popular size among both groups.
Housing demand in Hua Hin continues to dominate the local real estate market. Data from Dot Property Group found that 72.3 percent of all residential enquiries made via our network of websites were for homes, villas and townhomes.
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