buying property
buying property
Hi, can anyone give me any advice. I am a UK national married to a thai here in the uk. We have bought property in Khao Takaib and are doing quite well with short term holiday lets, having her brother to take care of the houses. I have been to Thailand many times and have decided that i want to live in Hua Hin when i retire.
I want to buy property/land again so as to build up my bisness here but when i look on the internet the prices seem crazy. Where can i buy again at a reasonable price, it seems to me that property advertised with property agents are about 30/40% overpriced, and if i do buy privately what are the pitfalls.
I know prices are going up quickly all over Thailand but with my budget of 2 million bht can anyone give any advice
Thanks for reading
Bob
I want to buy property/land again so as to build up my bisness here but when i look on the internet the prices seem crazy. Where can i buy again at a reasonable price, it seems to me that property advertised with property agents are about 30/40% overpriced, and if i do buy privately what are the pitfalls.
I know prices are going up quickly all over Thailand but with my budget of 2 million bht can anyone give any advice
Thanks for reading
Bob
I think you are a bit late if you want property/house and only want to spend 2 mill., (in Hua Hin).
Prices are up by 5-10% now in January in comparison with the late 2005 prices. I guess you have to pay 2,5-3 mill for a house that cost 1,8 -2,5 mill last year and the inflation rate is appx 5-6% at the moment. In addition the baht is very strong right now. This morning's exchange rate of 39.45 baht to the US dollar is very bad news for all of you thinking of investments right now.
Prices are up by 5-10% now in January in comparison with the late 2005 prices. I guess you have to pay 2,5-3 mill for a house that cost 1,8 -2,5 mill last year and the inflation rate is appx 5-6% at the moment. In addition the baht is very strong right now. This morning's exchange rate of 39.45 baht to the US dollar is very bad news for all of you thinking of investments right now.
I intend to live forever - so far so good.
I think you have to be in HH to see what's available.
IME, property on the net is always higher-priced and the selection is very limited, maybe 10% of what's out there.
I reserved property in October and will start building in the spring.
The new price for the land and house I reserved is 10% higher as of Jan. 1st.
IME, property on the net is always higher-priced and the selection is very limited, maybe 10% of what's out there.
I reserved property in October and will start building in the spring.
The new price for the land and house I reserved is 10% higher as of Jan. 1st.
- JimmyGreaves
- Legend
- Posts: 2913
- Joined: Mon Oct 17, 2005 5:06 am
- Location: HuaEireHin
Your right Norseman, I was looking in September. the UK pound was at 75 baht and the property at 2.7 million. Now the UK pound is at 69 Baht and the property 3 million plus, loosing out big both ways, I need a mortgage now hahahhahah.Norseman wrote:I think you are a bit late if you want property/house and only want to spend 2 mill., (in Hua Hin).
Prices are up by 5-10% now in January in comparison with the late 2005 prices. I guess you have to pay 2,5-3 mill for a house that cost 1,8 -2,5 mill last year and the inflation rate is appx 5-6% at the moment. In addition the baht is very strong right now. This morning's exchange rate of 39.45 baht to the US dollar is very bad news for all of you thinking of investments right now.
What sort of house are you looking for??
If you don't mind being out of town a bit on Soi 25 close to the new Index store there are 3 storey townhouses available within your budget.
Marble floors on 3 levels.
I bought a similar house privately on the same soi - the owner is a bank Manager and was very reasonable to deal with.
If you want more details PM, me.
If you don't mind being out of town a bit on Soi 25 close to the new Index store there are 3 storey townhouses available within your budget.
Marble floors on 3 levels.
I bought a similar house privately on the same soi - the owner is a bank Manager and was very reasonable to deal with.
If you want more details PM, me.
Yes they do, and why not?blobtec wrote: do the real estate add on money foe thier own profit.
Bob
They have children and cars to feed, and maybe some female too.
Nothing wrong about that.
They do the paperwork and sell you a property. That's business.
I know for sure you can buy land & house for 2 mill, but hardly in Hua Hin.
However; you might be lucky and find something you'll like, but johnnyk gave a good advise. Go and have a look. Maybe you'll find something that might be of interest.
I intend to live forever - so far so good.
- tuktukmike
- Guru
- Posts: 728
- Joined: Mon Apr 18, 2005 1:02 am
I do agree that property agents have to make money.
However, in the uk you would normally pay the agents around 3% depending on whether sole agents or several.
There does seem to be a problem in this area in Thailand as regards to the commision levels that some agents are making.
The best thing to do as in the UK is buy private or just accept this is Thailand and anything goes.
Not sniping at the real estate companys but as always we all have a choice, deal with them or stick two fingers up at them.
As for paperwork, you will still need a Lawyer to register a company and the paperwork they do is minimal as your Lawyer must do most of it.
Mike.
However, in the uk you would normally pay the agents around 3% depending on whether sole agents or several.
There does seem to be a problem in this area in Thailand as regards to the commision levels that some agents are making.
The best thing to do as in the UK is buy private or just accept this is Thailand and anything goes.
Not sniping at the real estate companys but as always we all have a choice, deal with them or stick two fingers up at them.
As for paperwork, you will still need a Lawyer to register a company and the paperwork they do is minimal as your Lawyer must do most of it.
Mike.
Mike picked up on the topic of Estate Agents. As an aside I went into an estate agency opposite the Hilton, next to the massage place, last time I was in Hua Hin. Out of interest I asked if they could let me know what the current going rate was for a property like the one we have, in its location. Amazingly enough the reply came: "Up to you!" I expect that sort of retort from my wife when she's in a mood but not from a supposed professional property advisor. How about coming out to look at the property and doing a valuation, I asked. "No, price is up to you. We just make the advert for you."
'Nuff said. These people are cowboys.
'Nuff said. These people are cowboys.
Is that the one with another office near the Grand as well? If so, I'm losing count of the number of clowns/cowboys out there!Jaime wrote:Mike picked up on the topic of Estate Agents. As an aside I went into an estate agency opposite the Hilton, next to the massage place, last time I was in Hua Hin. Out of interest I asked if they could let me know what the current going rate was for a property like the one we have, in its location. Amazingly enough the reply came: "Up to you!" I expect that sort of retort from my wife when she's in a mood but not from a supposed professional property advisor. How about coming out to look at the property and doing a valuation, I asked. "No, price is up to you. We just make the advert for you."
'Nuff said. These people are cowboys.
I viewed a few places with them last time, some South, some up by the elephant place. I can't comment on valuations, but they were informative with little oversell/pressure - unlike the Khun owner!!
But isn't thats what agents do?
Talk is cheap