I have only seen improvements in attitude. Xenophobia is based upon ignorance. The more farangs that take up residence here and the more children coming out of school with a basic understanding of English the better it will become. The Global Village will eventually encompass Thailand. The Thai aristocracy have been keen on learning from the English speaking west for centuries.
From an outsiders perspective on house prices I can only really comment on used and build yourself properties.
As SJ says, nobody is going to make a loss developing properties. Land prices have not noticeably decreased and building cost have risen so draw your own conclusions.
In the second hand market there are properties that have to be sold in a short time frame due to divorce, lack of funds or in some cases just plain short sighted greed. The sellers often have to drop prices to shift the property quickly.
People who are not in a hurry seem to just hang on knowing that one day they will get the asking price.
If you find someone who is desperate to sell and you don't mind doing some refurbishment you will save money. It is always handy to know what the local land value is and how much it costs to build a house. I have seen many in Hua Hin at prices that just do not stack up.
Property prices
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MorgansPride
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Randy Cornhole
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sandman67
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Im waiting for 97 again......it's coming.......current things going on....the arse IS going to drop out of the property markets here.
Randy
y looking at about 4 or 5 years for the UK market to stabalise again..... sit it out mate. Thats what my mum and dad are doing now.
Others (property speculators)
if you used property like casino chips to speculate on markets.... reap the pain. I was lucky and via a divorce sold on the peak...... I'll be buying your drum at half the price you are asking in 12 or 18 months.....and Im guessing I'll be the only one putting an offer in at the trough of the market.
Ha hah ha
A house is where you live. Not an investment. Didn't learn after late 80s and here 1997 did y?
Som nam na!
Randy
y looking at about 4 or 5 years for the UK market to stabalise again..... sit it out mate. Thats what my mum and dad are doing now.
Others (property speculators)
if you used property like casino chips to speculate on markets.... reap the pain. I was lucky and via a divorce sold on the peak...... I'll be buying your drum at half the price you are asking in 12 or 18 months.....and Im guessing I'll be the only one putting an offer in at the trough of the market.
Ha hah ha
A house is where you live. Not an investment. Didn't learn after late 80s and here 1997 did y?
Som nam na!
"Science flew men to the moon. Religion flew men into buildings."
"To sin by silence makes cowards of men."
"To sin by silence makes cowards of men."
I think your post is obnoxious. A lot of genuine people are suffering, not just speculators. People here that bought recently are facing some tough times.sandman67 wrote:I'll be buying your drum at half the price you are asking in 12 or 18 months.....and Im guessing I'll be the only one putting an offer in at the trough of the market.
Ha hah ha
Most people buy homes to live in, end of.
Dumb post mate, withdraw it.
Talk is cheap
There are two completely different residential property markets and they are the same throughout the world, before you say it except of course for countries that are still struggling to provide their inhabitants with a decent lifestyle. The first is the residential market for your own use; most residential property is purchased for this reason and usually needs some funding. Second homes or holiday homes are usually purchased with inheritance money or from 2nd mortgages on home country property. The second is the investor purchase. The investor usually has substantial capital available, not necessarily funded by banks or institutional lenders. When buying a home for your own use why worry about the value increasing, it is of no use to you, when you want to move the price of all the other property has increased similarly and so you have no real advantage. The people that gain from the increased value will be your next of kin and of course the tax man. You might gain by using some of the surplus to buy a second home, but to do this you either remortgage or sell. Serious investors are looking to buy low and sell high, real experts at this have no problem with price reductions, they carry on buying through both markets, equalizing their investments and then sell out when they see a profit, if you have 10 million gbp and lose 1 for a couple of years so what, you can still live on 9! Even losing 3 still leaves you with 7 and anyway until you sell you have not lost anything! Developers set the prices for their new homes based on their costs plus their profit, rarely does a developer run out of funds and have to accept a fire sale, a canny investor would usually step in with funds before that stage is reached. In regard to personal sales of mature homes most property owners really only think they know what their property is worth. True in the UK most agents realize that as they paid by commission then the higher the price then the higher the return for them. Therefore you have grossly inflated prices and everybody gets upset when someone gives them an unreasonable offer, there are no stupid offers, only stupid prices. A true real estate agent, someone with experience not only of real estate but also running a business will be able to value a property at a true price that will in a normal market enable the property to sell in a reasonable period of time, in a market such as we have now the price should also take into account the sellers desire to effect a quick sale or not. Hua Hin is no different to anywhere else, there is a large portfolio of property available, decide on your maximum purchase price and then look at what is available and when you find something you like buy it because you want it and you think it will make you happy, when you buy a car you choose the model you like and the color, you never ask the salesperson how much will the car increase in value in the future! The downfall of the Hua Hin property market has been due to growing pains, the town has grown too fast and the infrastructure has not kept up, that will ease in the next few years. Also a handful of cowboys 
saw a way to make a quick buck, that is almost over, most of those have either quit the business or have or are about to ride off into the sunset, usually to the Philippines. Hua Hin and the rest of Thailand is a great place to own property, for a residential or vacation home the climate, the laid back way of life and prices all combine to make this a splendid place in which to live or vacate. For investment Thailand offers superb results, buying off plan in the right development usually gives you about a 35% increase in the purchase value by the time the development is finished, and remember with stage payments you will not have invested the full sum until the final payment and if you have chosen wisely then the chances are that you will either already have an offer or will have in a short space of time. Forget the politicians; they too are still learning the fundamentals of a new society. For your information I am involved in the real estate business and I am proud to be so. 
saw a way to make a quick buck, that is almost over, most of those have either quit the business or have or are about to ride off into the sunset, usually to the Philippines. Hua Hin and the rest of Thailand is a great place to own property, for a residential or vacation home the climate, the laid back way of life and prices all combine to make this a splendid place in which to live or vacate. For investment Thailand offers superb results, buying off plan in the right development usually gives you about a 35% increase in the purchase value by the time the development is finished, and remember with stage payments you will not have invested the full sum until the final payment and if you have chosen wisely then the chances are that you will either already have an offer or will have in a short space of time. Forget the politicians; they too are still learning the fundamentals of a new society. For your information I am involved in the real estate business and I am proud to be so. 
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sandman67
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Oooooohhhh...... feathers ruffled and a few angry PMs.....
I dont withdraw my post at all and heres why
when I bought my old drum in London the maximum mortgage to earnings relationship was about 3.5 times the main (my) income. I bought at mid point on the rise.....lucky me.
when I sold there were mates getting mortgages at 5 times their earnings....I saw then the market had just about peaked....it did about 12 months later...better sooner in my book than too late eh?
Getting back.....hang on.....banks extending 5 times your earnings rather than 3.5.......
now if that doesnt say to you "hey maybe house prices are overcooked" then really you need to learn that old latin maxim caveat emptor (Buyer Beware).
Im a simple bloke....Im a financial Luddite and proud of it.....
......a house is where you live....not an investment or a speculative set of casino chips. When markets get full of people who do use property as a financial chip in a big get rich quick casino game then this happens....
crash.
I sold at what I saw as a peak and decided that as the market was about as stable as a Suckihall Street drunk at 2 am on a Sunday morning Id rent for a year or three and see what happened.....no surprise the arse has dropped again....it was due a crash....anyone could see that.
If you have property then sit it out....even if you bought now at the falling peak sit it all out for a few years. The only ones loosing here are the ones cashing in their chips now....chill bambino.
If you are selling either take a hit or sit it out. Give it 12 months and see then...thats what my mum and dad are doing now.....take the drum off the market and see in 12 months. Dont do the headless chicken act.
If you bought property to speculate and play roulette.....well the ball just rolled in at 00 and "the house" are the ones that win.
And in Hua Hin....you tell me theres not a lot of "speculative" buying been going on...... Ive been here 4 or 5 years and the property market here is just dumb.....way way overcooked and has been for a while now. Too many speculators getting way waaayyyyy too greedy.....
som nam na.
I dont withdraw my post at all and heres why
when I bought my old drum in London the maximum mortgage to earnings relationship was about 3.5 times the main (my) income. I bought at mid point on the rise.....lucky me.
when I sold there were mates getting mortgages at 5 times their earnings....I saw then the market had just about peaked....it did about 12 months later...better sooner in my book than too late eh?
Getting back.....hang on.....banks extending 5 times your earnings rather than 3.5.......
now if that doesnt say to you "hey maybe house prices are overcooked" then really you need to learn that old latin maxim caveat emptor (Buyer Beware).
Im a simple bloke....Im a financial Luddite and proud of it.....
......a house is where you live....not an investment or a speculative set of casino chips. When markets get full of people who do use property as a financial chip in a big get rich quick casino game then this happens....
crash.
I sold at what I saw as a peak and decided that as the market was about as stable as a Suckihall Street drunk at 2 am on a Sunday morning Id rent for a year or three and see what happened.....no surprise the arse has dropped again....it was due a crash....anyone could see that.
If you have property then sit it out....even if you bought now at the falling peak sit it all out for a few years. The only ones loosing here are the ones cashing in their chips now....chill bambino.
If you are selling either take a hit or sit it out. Give it 12 months and see then...thats what my mum and dad are doing now.....take the drum off the market and see in 12 months. Dont do the headless chicken act.
If you bought property to speculate and play roulette.....well the ball just rolled in at 00 and "the house" are the ones that win.
And in Hua Hin....you tell me theres not a lot of "speculative" buying been going on...... Ive been here 4 or 5 years and the property market here is just dumb.....way way overcooked and has been for a while now. Too many speculators getting way waaayyyyy too greedy.....
som nam na.
"Science flew men to the moon. Religion flew men into buildings."
"To sin by silence makes cowards of men."
"To sin by silence makes cowards of men."
Sandman,
Good post, here in blighty they where knocking out 125% morgages, yes 125% morgages that really is over the top and all these life style programs encoraging people to buy property as short term investment, refurbish and flog on has hurt a lot of people and pushed prices up for a fast buck,
My houses are on the market not so good for me, but hay i don't like greedy people anyway maybe common sence will prevail, slow growth is healthy 20+ % a year is not that bubble has burst, lets all learn from this, thankyou.
Kendo.
Good post, here in blighty they where knocking out 125% morgages, yes 125% morgages that really is over the top and all these life style programs encoraging people to buy property as short term investment, refurbish and flog on has hurt a lot of people and pushed prices up for a fast buck,
My houses are on the market not so good for me, but hay i don't like greedy people anyway maybe common sence will prevail, slow growth is healthy 20+ % a year is not that bubble has burst, lets all learn from this, thankyou.
Kendo.
Clive, seeing as you're in the property business and telling every soul that it's the place to be, pray tell me what I'm LEGALLY allowed to buy and own here in Thailand.
Onlyme.
The same advice I give everybody, go and talk to a lawyer, and not the example with an office in a shopping mall. There are some excellent lawyers in Thailand who will give you the correct advice, from then on in it is easy. To be honest if you buy through a reputable agent they should be assisting you with this and then they should provide you with an ongoing commitment and service, an agent should act as the laison between the buyer and the seller. I am afraid that there are still a small number of agents or so called agents in Hua Hin who just take the money and dump the deal in everybody elses lap. Before you choose an agent the first place to start is to look at their web site, see how much property they have listed and then how many developments they list from the really big developers. When you first talk to them see if they ask you questions, are they trying to get to understand what you really would like to buy or are they just befriending you, is the agent prepared to say no to some of your questions, the one that just says yes all the time is probably telling you a few untruths, about 50% of your questions will be answered negatively by an honest agent. Is the agent prepared to listen to you and then help you make a choice of properties to view or do they just want to take you to one property? The agent should be a source of knowledge of local properties and the area, they should be able to guide you to a short list of properties, all of which are of interest to you, not just put you in a car and drive you around a few building sites for a couple of hours and just say things like "here". Do not to try to cut out the agent, good agents will have spent a great deal of time and money to build a reputable business, you will find that they are adept at dealing with situations as they arise and will put you at ease whilst they do so, if you are not resident here who else do you have to rely on?