Reduction in Property Prices In Hua Hin after the Crisis?
Author Name : Sally Frost
After the ‘big crunch’ people are of the opinion that rates for rentals hua
hin in Thailand have dropped drastically and that it’s is possible to live in an
sizeable house,...
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Reduction in Property Prices In Hua Hin after the Crisis?
Author Name : Sally Frost
After the ‘big crunch’ people are of the opinion that rates for rentals hua
hin in Thailand have dropped drastically and that it’s is possible to live in an
sizeable house, with a pool, for just 50000 Baht monthly.
I should tell you that neither the residential rentals hua hin nor the
property prices have been affected largely unlike the U.
S.
and I do not think
that it will ever get to that bridge.
How? Let me explain—
• First off, one needs to keep it in mind that a large chunk of the rental
properties, specially the condos, are under the ownership of Thais.
They bought it as an investment property.
This large chunk of Thais
have bought the properties, either for renting or for residential
purposes, with hard cash and not bank credit services like loans or
mortgage.
This basically translates into the fact that the Thais
inherently do not need a tenant on their property like a U.
S.
property
own
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