24/02/2025
🏡 𝗪𝗵𝗮𝘁 𝗰𝗮𝗻 𝘄𝗲 𝗲𝘅𝗽𝗲𝗰𝘁 𝗳𝗼𝗿 𝗛𝘂𝗮 𝗛𝗶𝗻’𝘀 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝟮𝟬𝟮𝟱?
As we step into 2025, what lies ahead for the property market in Hua Hin and the surrounding areas? Keep in mind, this article is being written in mid-January, at a time when the world is watching the political landscape in the United States.
While it may seem distant from our local market, global uncertainty—especially during the transition of a U.S. president—can have a ripple effect. The weakening of the U.S. dollar during this period often leads buyers across the world to hesitate, not necessarily out of concern for the election results, but rather to wait for a clearer financial picture before making major decisions.
This reminds me of a previous discussion about who might benefit from such a situation. Sellers repatriating funds to another country could take advantage of favourable exchange rates. While many people are aware of this, it still surprises me how often it gets overlooked. A recent case I handled involved a property priced just under 5 million THB. The seller received an offer 250,000 THB below the asking price, which may seem significant, but given that she was converting her funds back to GBP at a rate of 41-42, it made sense to accept. I advised her that even if she waited for another offer in a few months, an exchange rate of 43-44 wouldn’t necessarily bring her a better return. If you’re considering selling, remember that we are entering the low season, and unless exchange rates shift significantly, it’s worth factoring this into your pricing decisions.
Alternatively, some sellers might consider renting their property for 12-18 months to see how Hua Hin continues to develop. Some areas are becoming more desirable, and by the high season of 2026, property values could rise. Of course, no one has a crystal ball, but market trends suggest that some locations will see increased demand over this period.
For sellers, my biggest frustration is seeing properties that just need a little refresh but are left looking tired. Many homeowners don’t want to spend more money when they’re already trying to sell, but let’s think about the bigger picture. A simple makeover—perhaps a 200,000 THB investment—could easily add 500,000 THB to the selling price. I understand that not everyone has spare funds for renovations, but there are always options worth discussing over a coffee. Working together, we can find ways to help your property sell faster and at a better price.
For buyers, the market remains an interesting challenge. Hua Hin is buzzing with potential improvements, but exchange rates aren’t looking great right now. When is the right time to buy? That’s open for discussion, and I encourage you to come in for a chat. Land costs, building materials, and tighter labour regulations are making it more expensive to build new homes. Prices for new developments will continue to rise, and while poor exchange rates may make you hesitant, waiting too long could lead to even higher costs. If you’re considering an off-plan purchase, think about potential construction delays and factor them into your decision-making.
For those looking at the second-hand market, competition is strong, so do your research. Think about what you should be paying, the potential value of the property in the future, and any renovations that could make it stand out if you decide to sell later. It can be daunting, but with 20 years of experience, I can help you make a smart purchase.
Ultimately, there’s a property out there for everyone—whether it’s a short-term rental for a month or two, a seasonal retreat for a few months each year, or a full-time home for retirement. Each buyer has different priorities, and finding the right property takes time. So, if you’re looking to buy, sell, or rent, let’s sit down, have a coffee, and explore the options available to you.
Yours sincerely,
Andy Dyett
The Hua Hin Property Expert
📧 [email protected]
📱 Hua Hin Property Co.,Ltd
📞 0867779064
🌐 https://www.huahinpropertyagent.com/
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