Vietnam ranks the third in the world of the vacation home market

Recently, the Telegraph (UK) has listed 20 emerging market homes (second home), which have many potentials to develop the home market, based on many studies and evaluate prestige. In particular, Vietnam is ranked in the top 20 which is highly appreciated thanks to its diverse natural resource system and diversified recreational and recreational services.

According to Telegraph, most of the second home is for foreigners in Vietnam, focusing on the type of resort villas. With about 1.1 million pounds (nearly 1.3 million USD), investors can buy a small but luxurious sea villa with views of the East Sea, near Hoi An port. Or with 1.7 million pounds (equivalent to 1.65 million USD), foreigners can own a beachfront villa in Con Dao - about 45 minutes from Ho Chi Minh City. At this price, Vietnam ranked third on the list of attractive second home markets with an average price of over £ 500,000 (about 635,000 USD), after Kenya and Slovenia.

Vietnam ranked the third on the list of attractive second home markets with an average price of over 500,000 pounds (about 635,000 USD).

Vietnam is currently in the top 10 countries with the highest number of international visitors. This year, the number of foreign visitors visiting Vietnam has reached 15 million, up 25% compared to the same period in 2017.

According to experts, tourism development leverages Vietnam's tourism and resort real estate with strong growth. Along with the push from the infrastructure system, the number of tourists has increased significantly by the exponentially every year will be a lever to stimulate the sustainable development of the long-term real estate segment in Vietnam. 2019 Tourism real estate continues to be an attractive investment channel, now is a good time to invest in a vacation home in many countries.

According to Mr. Duong Duc Hien, Director of Housing Business, Savills in the North and Central, real estate resorts in Vietnam began to develop around 2006, when foreign corporations called for foreign capital for The first large-scale project in the Central Coast region.

Since Apec conference (held in Da Nang in 2017), Vietnam has witnessed a wave of individual investors, not only from regional countries but also from Western Europe, the US and Australia... to Learn business opportunities. The market appears institutional investors from abroad to collect real estate in large quantities and then redistribute to their domestic customers.

Notably, Ba Ria - Vung Tau province identifies 4 types of tourism that need to focus on developing sea tourism, conference conference tourism, high quality eco-tourism and historical tourism of spirituality. In particular, this locality prioritizes to call for investors of international and international brands, and attract new tourism products to invest in high quality tourism projects, attracting high-class visitors. At the same time, Binh Thuan is also focusing on developing key tourism products such as sea resort, marine eco-tourism and marine sports. Striving to 2030, Mui Ne National Tourist Area will become one of the leading destinations of the Asia-Pacific region. 

According to data from the Housing and Real Estate Market Management Department (Ministry of Construction), in the first quarter of 2019, Vietnam attracted about 1.7 billion USD of foreign investment, an increase of 36% compared to the same period in 2018. Real estate alone In the past 3 years, this is always the 2nd place, including resort real estate, the absorption rate is over 92%.

According to Ha Vy – Nhip song kinh te