Glenn Thomson, Head of Real Estate in Hua Hin for Lazudi, shares his thoughts on the local real estate market

The Hua Hin real estate market is uniquely positioned in Thailand. Constant demand from Bangkok-based buyers, infrastructure improvements that allow for greater tourism opportunities and an under-supply of quality housing has kept the region resilient over the past 18 months. These factors also position it for future growth.

Glenn Thomson, Head of Real Estate in Hua Hin for Lazudi, has been involved in the local real estate scene for over 15 years. He notes that the biggest misconception people currently have about the real estate market in Hua Hin relates to supply and demand.

“Most people have the impression that there is a huge oversupply of real estate in Hua Hin,” Glenn said. “Agents here will tell you that there is actually a shortage of good properties to meet the criteria of the average buyer. We are pleased that developers continue to bring new developments or new phases to meet the demands of our buyers.”

He added some major developments that met the criteria of buyers who managed to sell out. This, in turn, allowed homebuilders to confidently embark on new phases in these projects. The aim is to meet the current demand while being prepared for the return of overseas arrivals.

. Interestingly, several reasons for purchase emerged from this group. Many are looking for a second home; others work remotely and no longer need to be in the capital; ; and a few have found deals too good to pass up.

“Many buyers from Bangkok were already planning to buy real estate in Hua Hin, but have pushed their plans a few years ahead,” explains Glenn. “Those considering real estate here in the future considered the price cuts from resale too good to miss. You also had a lot of developers who chose not to make price increases, which gave buyers another good opportunity last year.”

And while local real estate buyers have been able to take advantage of various opportunities, foreign buyers have mostly waited on the sidelines of the Hua Hin real estate market. Glenn reports that some international customers were confident enough to buy remotely, but most preferred to wait for them to come in person. However, they run the risk of missing out completely.

“We are in touch with hundreds of buyers waiting to return to Thailand who see properties they want to sell before they can get here,” notes Glenn. “Good, discounted properties will be all but sold when our buyers come here. They will be disappointed they missed it and disappointed if they can’t negotiate the same deals on other properties.”

Infrastructure unlocks new opportunities in Hua Hin . real estate market

Hua Hin real estate market boosted by airport
Both domestic and international flights can eventually bring more tourists to Hua Hin Airport

While the real estate market in Hua Hin has remained active for the past two years, work has also been done behind the scenes to improve the region’s travel prospects once Thailand reopens to tourists. Earlier this year, Hua Hin Airport signed an agreement with Phoenix Aviation to develop and promote the facility in an effort to establish more international connections. According to reports, .

In addition, the Tourism Authority of Thailand hopes that flight service between Hua Hin and Phuket will begin in the near future. While plans remain in flux, the potential benefits of increased domestic and international air travel to the region could be huge.

“The impact will be huge with regard to national, regional and international travel from Hua Hin Airport. I see the opportunity for travelers to look at two-center vacations such as Hua Hin with Phuket, Samui or Chiang Mai,” said Glenn. “Connections from Hua Hin to Singapore, Hong Kong and Malaysia will be a springboard for onward travel to Europe, the Middle East, China and Australasia.”

Another noticeable improvement is the widening of roads throughout Hua Hin. According to Glenn, the local council has been working to shorten travel times so that those staying out of town can reach popular nightlife, restaurants and beaches in less time.

All this will have a positive effect on the real estate market in Hua Hin. More tourists visiting Hua Hin in the future is a potential boon for investors buying off-plan condominium units and rental villas, especially those in central areas.

Increased tourism and improved infrastructure also make locations in the north, south and west of the city center more attractive. New developments have already started in these areas with road improvements, making life here more practical than in years past.

“With room for a premium in Bangkok, it is very attractive to buy property with land and space from neighbors,” noted Glenn. “Many people opt for the quiet areas just south of the city, where there is more space and the prices are somewhat lower. The north is doing well because of the shorter travel time from Bangkok. In the west there is a lot of room for development where new, high-quality projects can start.”

For more information about real estate in Hua Hin:

Glenn Thomson