Da Nang real estate market nowadays is an environment that attracts a lot of investment from people who are fond of real estate. Da Nang is known as a tourist and active city and also “ the most city deserves to live” in Viet Nam.
Every year Da Nang attract thousands of tourists domestically and internationally so that it is not only a rapid development of tourism but also the development of economic generally. And Da Nang real estate, one of a tiny field , is developing with the economic in this area.
DA NANG REAL ESTATE MARKET, FLOURISHING OR DISAPPEARING?
It was concerned about housing bubbles in big cities such as Ha Noi and Ho Chi Minh City many year ago, which made a lot of investors distressed. Therefore there are still many people worrying about investing in real estate projects.
However, Da Nang in particular, everything is different, from the beginning of 2017 to present , Da Nang real estate always changes positively, which attracts many people and hope to own a real estate in Da Nang.
According to a survey about land price inn Cam Le, Phuoc Ly, Tay Yen urban, Yen The- Bac Son. Son Tra, one of the best price area and increasing regularly, attracts the attention of real estate’s investors. The land price can increase from 200% to 300 % occasionally, depending on the locations as well as direction, an increase in land price can be different.
Da Nang real estate is also affected by general rules and the increase or decrease in land price in Da Nang is hard to avoid. However, compared to the other big cities, real estate activities in Da Nang was not so seriously influenced that they have to be frozen in 2012-2015. Therefore, the investment in real estate for housing or renting in Da Nang is still a ‘delicious pie’ for investors.
Every year Da Nang attracts many tourists and the demand for resorts in Da Nang as well as tourists’s enjoyment the convenient services also increases so that the real estate’s demand for urban area’s construction, resorts also increases.
In the period of 2017, Da Nang is the host of Asian- Pacific Economic Cooperation and Fireworks Festival so that the real estate market has some signs of improvement, and these events promise to heat the real estate market here.
Da Nang land price as well as Da Nang housing market, flourishing or disappearing, sometimes depend on investors’ consideration and evaluation. The Investors and people who demand to purchase a real estate in Da Nang need to be sober and learn about housing market in Da Nang carefully not to be overstated or quoted about land price from real estate agents.
Although being influenced a little by the general socio- economic rules as well as the real estate market, Da Nang is still a fertilised field to bring high benefits to investors. Investing in Da Nang’s housing market is an investment for future, not only brings benefits but also contribute the infrastructure development here.