Popular Post Jonathan Fairfield Posted July 25, 2021 Popular Post Share Posted July 25, 2021 By TTG Asia Resort properties in Thailand’s leisure destinations are seeing surging interest from domestic home buyers over the course of the pandemic. According to new data released by Thai property portal FazWaz, the popular Thai seaside resort area of Hua Hin has seen buying interest grow significantly in year-to-date online inquiries. FazWaz co-founder and CEO Brennan Campbell said: “By tracking the data from 2Q2020 to mid-2021 on buying motivation of either a holiday home or for investment purposes, we can see a change in behaviour towards lifestyle purchases in Phuket, Koh Samui and Pattaya, with the sharpest uptick being Hua Hin.” In Phuket, where resort grade real estate over the past decade has been highly leveraged by foreign buyers, Boon Yongsakul, chairman of Boat Pattana, said that “our Shambala luxury pool villa project in Bangtao Beach initially targeted legacy overseas buyers in the Laguna Phuket area. But by the middle of last year, we saw a strong influx of Bangkok buyers and this has continued to drive sales momentum to date”. Full story: https://www.ttgasia.com/2021/07/23/domestic-buyers-snapping-up-properties-in-thai-resort-destinations/ -- © Copyright TTG ASIA 2021-07-25 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 6 Link to comment Share on other sites More sharing options...
Popular Post Laughing Gravy Posted July 25, 2021 Popular Post Share Posted July 25, 2021 (edited) The rich will get richer and the poor will continue to be poor. Edited July 25, 2021 by Laughing Gravy 20 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted July 25, 2021 Popular Post Share Posted July 25, 2021 Money begets money and only those that have can obviously buy. Not your typical run of the mill family who is living day to day now because of Covid where before covid they would have had extra money to invest. Must be all of the Hi-So's or those acting at the behest of others. 10 Link to comment Share on other sites More sharing options...
Popular Post Henryford Posted July 25, 2021 Popular Post Share Posted July 25, 2021 Great time for the rich to snap up assets at bargain prices. 11 1 Link to comment Share on other sites More sharing options...
Popular Post mikebell Posted July 25, 2021 Popular Post Share Posted July 25, 2021 I don't believe this propaganda from 'Housing experts'. Daily on FB Marketplace I view dozens of properties up for sale. Agents of real estate have always talked up prices. There will be a few well-heeled buyers snapping up cheap properties but the overwhelming supply of For Sale notices on businesses and housing gives the lie to this 'survey'. 32 8 1 Link to comment Share on other sites More sharing options...
Popular Post NCC1701A Posted July 25, 2021 Popular Post Share Posted July 25, 2021 they are going to be disappointed when they get to Hua Hin and realize it looks nothing like that heavily photoshopped photo. if only the water was that color. 22 1 7 Link to comment Share on other sites More sharing options...
Popular Post sucit Posted July 25, 2021 Popular Post Share Posted July 25, 2021 Smart money realizing pattaya as a hub is most likely over. 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post realfunster Posted July 25, 2021 Popular Post Share Posted July 25, 2021 I’m not convinced. Hua Hin remains popular with Thais, so it is possible the impact there will be much less that more foreign orientated places such as Phuket & Samui. I doubt overall there is anything like the pre-pandemic levels of real estate activity though. I viewed a few properties in HH around this time last year, after the first 2020 lockdown. The agent also gave me the same spiel then, business had been amazing and lots of Bangkokians were suddenly buying up HH properties. Strange then that the 3 places I viewed are still on the market a year later ! 17 1 5 Link to comment Share on other sites More sharing options...
Popular Post Shuya Posted July 25, 2021 Popular Post Share Posted July 25, 2021 36 minutes ago, Jonathan Fairfield said: grow significantly in year-to-date online inquiries So not in sales, but just bored people sitting at home and having nothing better to do than looking at houses 9 Link to comment Share on other sites More sharing options...
Popular Post ChipButty Posted July 25, 2021 Popular Post Share Posted July 25, 2021 20 minutes ago, mikebell said: I don't believe this propaganda from 'Housing experts'. Daily on FB Marketplace I view dozens of properties up for sale. Agents of real estate have always talked up prices. There will be a few well-heeled buyers snapping up cheap properties but the overwhelming supply of For Sale notices on businesses and housing gives the lie to this 'survey'. You are right Im in a few of them property groups on FB and I even know a few so called agents, nothing seems to be happening where I live some rentals thats about it 8 Link to comment Share on other sites More sharing options...
BE88 Posted July 25, 2021 Share Posted July 25, 2021 14 minutes ago, realfunster said: I’m not convinced. Hua Hin remains popular with Thais, so it is possible the impact there will be much less that more foreign orientated places such as Phuket & Samui. I doubt overall there is anything like the pre-pandemic levels of real estate activity though. I viewed a few properties in HH around this time last year, after the first 2020 lockdown. The agent also gave me the same spiel then, business had been amazing and lots of Bangkokians were suddenly buying up HH properties. Strange then that the 3 places I viewed are still on the market a year later ! And the price down, yes strange, who said sellers lie like............ Link to comment Share on other sites More sharing options...
Popular Post Whale Posted July 25, 2021 Popular Post Share Posted July 25, 2021 I don't know why any of us take any notice of this drivel these property companies put out just to try and create interest/money for their ownselves. IMHO Real estate agents are largely chancers who overcharge their mediocre services. 11 2 Link to comment Share on other sites More sharing options...
Popular Post ChipButty Posted July 25, 2021 Popular Post Share Posted July 25, 2021 4 minutes ago, Whale said: I don't know why any of us take any notice of this drivel these property companies put out just to try and create interest/money for their ownselves. IMHO Real estate agents are largely chancers who overcharge their mediocre services. One of the most famous quotes used "70% of the Project is Sold" I know of a company that backfired on when the tax department came crashing down on them then trying to tell the taxman it's just a marketing tactic 1 9 Link to comment Share on other sites More sharing options...
BritManToo Posted July 25, 2021 Share Posted July 25, 2021 59 minutes ago, Jonathan Fairfield said: Resort properties in Thailand’s leisure destinations are seeing surging interest from domestic home buyers over the course of the pandemic. Doesn't seem likely. 2 Link to comment Share on other sites More sharing options...
BritManToo Posted July 25, 2021 Share Posted July 25, 2021 (edited) 42 minutes ago, NCC1701A said: they are going to be disappointed when they get to Hua Hin and realize it looks nothing like that heavily photoshopped photo. if only the water was that color. Photo I took at Hua Hin harbour a few years back, I thought the sea colour was nice. Edited July 25, 2021 by BritManToo 1 1 Link to comment Share on other sites More sharing options...
Popular Post Pinot Posted July 25, 2021 Popular Post Share Posted July 25, 2021 Suspect information here. No one is buying anything. Don't believe anything from a realtor. Like getting your news from TAT. Everything is for sale and NO buyers. In fact, the one bright spot has been Russian buyers in the last few years. The Russians are leaving, they're not buying anything. Who does that leave? Domestic buyers. How many rich Thais are there that would actually impact a totally dead market? Buying for investment in Phuket? Come on. I smell BS. 8 Link to comment Share on other sites More sharing options...
Popular Post Elkski Posted July 25, 2021 Popular Post Share Posted July 25, 2021 (edited) All those Cha am condos bought on speculation or thinking of making money on air bnb. I bet many buildings have low occupancy Edited July 25, 2021 by Elkski 4 Link to comment Share on other sites More sharing options...
Popular Post mtls2005 Posted July 25, 2021 Popular Post Share Posted July 25, 2021 Pump and dump article. 1 hour ago, Jonathan Fairfield said: According to new data released by Thai property portal FazWaz Written in the boiler-room while waiting for that new batch of leads. Insert Glengarry Glen Ross YT clip with an amazing cast saying the word "leads" three thousand times. 3 4 Link to comment Share on other sites More sharing options...
Popular Post sungod Posted July 25, 2021 Popular Post Share Posted July 25, 2021 1 hour ago, Jonathan Fairfield said: According to new data released by Thai property portal FazWaz, the popular Thai seaside resort area of Hua Hin has seen buying interest grow significantly in year-to-date online inquiries. Thats people outside of Thailand locked down, with nothing better to do than look at pictures of houses on their computers and dream. 3 Link to comment Share on other sites More sharing options...
Popular Post sandyf Posted July 25, 2021 Popular Post Share Posted July 25, 2021 1 hour ago, ThailandRyan said: Money begets money and only those that have can obviously buy. Not your typical run of the mill family who is living day to day now because of Covid where before covid they would have had extra money to invest. Must be all of the Hi-So's or those acting at the behest of others. Narrow minded. A large part of the Thai population live in commercial and industrial areas a bit removed from the tourist dependent regions. They have continued to work throughout the pandemic, staying at home and saving money. Even during the first lockdown many of the large factories around here had a facelift, life didn't come to a grinding halt as many would make out. 6 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted July 25, 2021 Popular Post Share Posted July 25, 2021 1 hour ago, Henryford said: Great time for the rich to snap up assets at bargain prices. Not really, this Covid hardship most affecting the poor and the very poor people, i'm on a lookout of distressed properties for sale and there are hardly any at a bargain or desperate fire sales... 6 Link to comment Share on other sites More sharing options...
Popular Post mickyr55 Posted July 25, 2021 Popular Post Share Posted July 25, 2021 1 hour ago, realfunster said: I’m not convinced. Hua Hin remains popular with Thais, so it is possible the impact there will be much less that more foreign orientated places such as Phuket & Samui. I doubt overall there is anything like the pre-pandemic levels of real estate activity though. I viewed a few properties in HH around this time last year, after the first 2020 lockdown. The agent also gave me the same spiel then, business had been amazing and lots of Bangkokians were suddenly buying up HH properties. Strange then that the 3 places I viewed are still on the market a year later ! Must agree down here at Ban Chang the constant rhetoric from agents about buying before the expected boom following the completion of the motorway link is beginning to wear a little thin properties with price drop after price drop still on market for months, aint that the truth of it all. 4 Link to comment Share on other sites More sharing options...
Popular Post Misterwhisper Posted July 25, 2021 Popular Post Share Posted July 25, 2021 1 hour ago, Jonathan Fairfield said: seeing surging interest from domestic home buyers Easy, easy, guys! Or there will be nothing left for the 1 million wealthy foreigners the government says it expects to "lure" to Thailand soon enough. 1 8 Link to comment Share on other sites More sharing options...
Popular Post Skallywag Posted July 25, 2021 Popular Post Share Posted July 25, 2021 2 hours ago, Henryford said: Great time for the rich to snap up assets at bargain prices. Only an asset if you can rent it out and make money. Otherwise it is a liability and money pit 6 Link to comment Share on other sites More sharing options...
Popular Post Mac Mickmanus Posted July 25, 2021 Popular Post Share Posted July 25, 2021 2 hours ago, Jonathan Fairfield said: According to new data released by Thai property portal FazWaz, the popular Thai seaside resort area of Hua Hin has seen buying interest grow significantly in year-to-date online inquiries. A website has seen more people looking at said website . That doesn't show an increase of people buying/wanting to buy a property , it just shows more people have been looking at their website . That could be because other local estate agencies have closed down or because they have been spamming Facebook with adverts 3 Link to comment Share on other sites More sharing options...
ivor bigun Posted July 25, 2021 Share Posted July 25, 2021 50 minutes ago, sandyf said: Narrow minded. A large part of the Thai population live in commercial and industrial areas a bit removed from the tourist dependent regions. They have continued to work throughout the pandemic, staying at home and saving money. Even during the first lockdown many of the large factories around here had a facelift, life didn't come to a grinding halt as many would make out. Our son runs a small to medium size company ,business is very good. 2 Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted July 25, 2021 Share Posted July 25, 2021 16 minutes ago, ivor bigun said: Our son runs a small to medium size company ,business is very good. What line of business is he in ? Link to comment Share on other sites More sharing options...
Kwaibill Posted July 25, 2021 Share Posted July 25, 2021 I wonder if it is "surging interest", or a perception caused by a surging "disinterest" by foreign buyers, leaving domestic clients as the only buyers? 1 1 Link to comment Share on other sites More sharing options...
Popular Post grantbkk Posted July 25, 2021 Popular Post Share Posted July 25, 2021 I don’t want to say the author of this piece is lying and that this is simply just another real estate puff piece rolled out every week on a set schedule. However, this is just BS and not even close to being true at least in this dimension. 7 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted July 25, 2021 Popular Post Share Posted July 25, 2021 33 minutes ago, ivor bigun said: Our son runs a small to medium size company ,business is very good. My daughter just started working in a medium size company, business is also good. On the other hand, nearly everyone else in the family is broke, sold everything, defaulted on their loans. 3 Link to comment Share on other sites More sharing options...
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