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Hua Hin rental demand has remained steady over the past eight months with both local and international tenants looking for properties in the seaside resort town. Upscale homes and villas priced between THB20,000-THB50,000 were most popular with these accounting for 61.2 percent of all house rental enquiries made to Dot Property Group between October 2021 and May 2022.
As to be expected, there was some seasonal variation between local and foreign renters from the fourth quarter of last year and the first quarter of 2022. Domestic rental enquiries rose by seven percent during this time while overseas interest fell by 7.6 percent.
Similar declines were seen in Pattaya over the same period. Overseas renters routinely visit between November and February which leads to stronger demand in the fourth quarter. Domestic tenants are in the market for rental properties in March, April and May when Thailand has numerous holidays, including Songkran.
According to data from the Dot Property Group, 73.6 percent of all Hua Hin rental demand between October 2021 and May 2022 was for houses, townhomes and villas. Research found that 86.6 percent of enquiries were made for two- and three-bedroom residences.
When it comes to price, more than 60 percent of interest was for houses, townhomes and villas with monthly rents between THB20,000-THB50,000. Among foreign renters, homes rented out for THB50,000 and up were the second most popular.
Hua Hin Condo Rental Demand By Price Between Oct. 2021 and May 2022
|
Price |
% of total inquiries |
|
THB0-10K |
17% |
|
THB10-20k |
33% |
|
THB20-50k |
41% |
|
>THB50K |
9% |
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