Da Nang real estate: strong growth momentum

27/03/2017   Viewed: 1225
Not only attract investors from a thriving tourist market, many levers are making Danang real estate market look bright in the long run.
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Leverage from travel

If you do a comparison, there is no market "natural time, land" as Da Nang real estate at this time. The unique advantages of nature and the strength of tourism that any investor can see clearly, has invested in land of gold Da Nang is in the hands of long-term profitability.

Over the years, Da Nang tourism continuously impressive results. Growth rate maintained at the highest level in the country. Only in 2016, the Han River welcomed about 5.51 million visitors, up 17.7% over last year. The smoke-free industry gives Da Nang VND16 trillion, up 24.7% over the same period last year. Compared with the growth rate of 10.7% for Hanoi tourism and 10% for tourism in Ho Chi Minh City in 2016, Da Nang is two large cities.

In 2017, with the hosting of many international events such as the APEC 2017 Summit, the International Fireworks Festival DIFF 2017 lasted throughout the summer, the Danang tourism industry expects to welcome 6.1 Million visitors, up 10.7% over 2016. That is a platform for Da Nang real estate market not only breakthrough this year, but also continue to "warm up" in the next years.

The name is planning

According to the master plan for urban space development in Da Nang to 2020 with 2030 vision, the old area will be the center of history, politics and traditional culture while the southern area, with the policy of developing urban centers. ,,, Is considered the ideal residence for the coastal city residents.
Da Nang urban space planning. Source: Danang Construction Planning Institute.

Under this plan, the most desirable areas are moving south of the city, while the northwestern coastal and eastern seaside areas will become commercial centers, resorts and resorts. This plan also shows a Da Nang multi-center, comprehensive development, sustainable in the future. Vision "to become a smart city, an international trading center, a city that competes with major, beautiful cities of the region and the world, first of all a Singapore, a Hong Kong," as Prime Minister Nguyen Xuan Phuc said it could be possible.

Growth momentum

Danang real estate market is booming, especially in the real estate segment. The latest report from Savills Vietnam shows that hotel room rates continue to maintain momentum. For the fourth quarter of fiscal 2004, hotel supply was approximately 9,030, up 5% quarter-on-quarter and 19% year-on-year. Average occupancy increased 4 percentage points year-on-year.

In addition, real estate experts also predicted three main trends of Danang real estate at the moment is condotel, the land near the city and finally the trend of building a synchronous house under 2.5 billion. In addition to the credit for the property market is plentiful, low interest rates, so the market continues to grow steadily. Commenting on this fact, CBRE Vietnam said: "After a year 2016 full of exciting, in 2017, Da Nang real estate market will continue strong growth momentum and sustainability"
Da Nang real estate market is expected to continue to develop exciting in the future.

It is easy to see the demand of the real estate market Da Nang is still very large. According to the Office of Land Use Right Registration at Da Nang level, in 2016, the city has issued a certificate of land use right and registration of land use rights for 144,143 cases, an increase of 30,443 cases compared with 2015. These figures clearly show that the real estate market in 2016 has a high volume of transactions.

Looking at the potential and sustainable development of Da Nang Real Estate, many investors made quick decision, making strong growth of real estate market in the first quarter of this year and project. Ants will continue to increase in the coming time.

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