How is the market today

[BelgianBoy]

Hi,

Its been a while since I posted last, but when not actually in LOS or HH, I tend not to check the board much......

How is the property market today ?
A lot of houses for sale ? have prices dropped ? by how much ?
What is the future ?

Is it time to invest, or wait a bit more ?

A lot of empty rentals ? have prices dropped ? what are the typical prices today for a nice stand alone house with carport, pool and 2-3 bedrooms, furnished and with A/C ?

Thanks.

BB

[JimmyGreaves]

[BelgianBoy]

Jimmy,

Thanks for the reply.
I am just surprised that such an important issue affecting many posters here, does get very little reply........
Mai pen rai.

BB

[buksida]

I'd say its more that most people are fed up with the same few characters polluting every property thread which ends up getting locked!

From my limited experiences here I'd say the market is pretty much dead, everything is for sale, but the prices are still high so probably not the best time to invest. I'd wait for a firesale if such things ever occur in Hua Hin.
_________________
Illegitimi non carborundum

[Khundon1975]

[charlesh]

BB, buksida and Jimmy G are correct however from my casual observations there appear to be lots for sale. Best to deal with private sellers as first option and preferably foreigners as Thais seem to think that even in a recession with not much movement they can actually increase the price to offset "losses" made and their perception that you have a pot of gold that you find too heavy to hold.
Hard to comment on price as don't know your likes however 10 km's out of town 2-3.5 M Bht should be an average price. Noted in Pranburi new 2 b/room development for Thais at 1.25 M Bht.

[crazy88]

charlesh

Whilst you can get a home 10km from town for that price i feel your "average price" lacking in parameters .10km from town includes Palm Hills,black mountain,banyan,the address,my own place and a number of other developments where you could not even buy the materials,let alone land,labour,infrastruture for that money .I concur completely that the locals are doing their usual idiot show .A lady called us the other day asking us to sell her land near springfield for 2.5m per rai .I know the land and it is moving for 180-220k per rai .1000% markup .I know of land on the course itself for 2.75m per rai .Which is way better than the 4.8m the course is charging so needless to say I am not interested
Crazy 88.

[faq2mfh]

How can a person get a real feel for how much their home is worth? Is it possible to get a valuation report in HH. I don’t mean by a real-estate agent but by a certified company.

[splitlid]

[faq2mfh]

Splitlid,

Looked at homes on the internet for comparisons. Didn’t seem to any mention if the land was lease or freehold.

[splitlid]

take everything as being freehold if you are in the position to own it freehold.
if not, its leasehold, price will rarely be different.
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"Never compromise your principals because every compromise to a client represents the quality of your next client"

[spitfire]

Hi Belgian Boy, this is just for some fun, not serious as I know nothing about property.

[faq2mfh]

Am I understanding correctly. 30-year lease properties are selling for the same price as freehold???

[Super Joe]

[crazy88]

With the odd exception they are indeed selling for the same .

Crazy 88