Da Nang real estate price is expected to rise, the market flourishes

Real estate experts (Real Estate) said that the development and growth of Da Nang Real Estate is currently not commensurate with the local position, great potential in economy and tourism. It is forecasted that real estate in Danang will increase prices by 30-50% more in the near future.


A more satisfactory growth scenario


Along with Hanoi and Ho Chi Minh City, Da Nang is one of the three largest real estate markets in the country. However, Danang has a shorter development history than the two markets Ho Chi Minh City and Hanoi. Ho Chi Minh City Real Estate Market has grown for more than 40 years, Hanoi for more than 30 years and Da Nang nearly 20 years.


For nearly 20 years, the real estate market in Da Nang has not had any time to cool down or real estate value will be reduced. All this development is because Da Nang possesses great advantages that create conditions for a solid real estate market, both in terms of geographical position, natural landscape and especially the ideal investment environment.


Da Nang real estate market is forecasted to increase in the near future.


The population of Danang in 2019 is 1.231 million, while the number of tourists each year is always 4 times the population. Typically, in the first 6 months of 2019, Da Nang welcomed 4.3 million tourists. In which most guests need to stay for at least 3 days. This is an advantage that few localities in the country have.


Not under pressure of population and housing demand like other big cities of Hanoi and Ho Chi Minh City, Danang takes advantage of tourism to strongly develop resort and hotel real estate. However, real estate experts analyze that the growth rate of Danang Real Estate is still not commensurate with the advantages and potential that this city owns.


Therefore, the trend of housing price growth in this city has not stopped. Forecast, real estate in Danang will increase prices by 30-50% more in the near future.


Investors hunted land before the market grew quickly


According to the actual survey, in addition to investing in resort real estate products such as sea villas, hotels, condotels, Danang investors aim at the types with good liquidity and long-term accumulation as land plots.


For developing cities like Da Nang, the land fund for land plot segment is still in good locations, prices are still at soft levels. Especially, the ground is also said to be a product with strong growth potential in the future. Experts predict that in the end of 2019 and early 2020 Da Nang land will increase sharply because customers rush to buy before this market has many major changes, pushing up real estate prices in the coming years.


Land is still a segment that investors "hunt".


In particular, the South and Northwest of Danang are two areas with many large-scale land projects, which are well planned and in great demand. Especially with projects that have completed infrastructure and owned a prime location such as Golden Hills (an urban area of nearly 400 hectares in Northwestern Da Nang).


After cooling off time, the Da Nang market in the third quarter of 2019 is starting to stabilize and this is the right time to make investment decisions. Because the current land fund is not much, if investors quickly own, investors will have the opportunity to increase profits. Moreover, with a more satisfactory growth scenario for Da Nang, the land plot will be a product of great profits, a long-term investment and accumulation channel for customers.


Besides, according to the analysis of experts, the socio-economic development of Da Nang has led a large number of local people to come and live here. Therefore, the need to buy land is inevitable. It is forecasted that in the future, the property ownership in Da Nang will be more difficult when the population of Danang will be about 1.6 million by 2020 and 2.5 million by 2030, of which the main population informally about 2.3 million.


This will push up the demand for real estate ownership, making Da Nang market vibrant, real estate value will increase sharply in the future.


According to PV