Danang sea villa is for the rich in Hanoi

Danang real estate market is a game of Hanoi and foreign investors.

From the period of 2014 to now, Hanoi investors choose Da Nang as the “deposit”. The number of investors from Hanoi has increased sharply, accounting for more than 50% of the number of clients trading in the city.

Besides the large number of customers coming from Hanoi. A number of visitors also occupy a huge market share in the real estate market of Danang is now tourists from China, Hong Kong, Taiwan and Macau. They do not just go to travel, they also intend to buy real estate here.

Overview of the project Sunrise Bay Beach Villas Da Nang

Da Nang beach villas are a private game of Hanoi investors and foreign tourists

The number of investors from the front of the country has grown rapidly, especially from the capital

Mr. Tran Ngoc Thanh- General Director of Greenland Central revealed a news release. Up to 60% of the land buyers in the Vision City South project. Danang to this point is the customers come from the capital.

Hanoi guests expressed their special interest in Danang real estate through information channels from trading floors, said Nguyen Xuan Hiep, Director of Cuong Hung Thinh Group.

If the previous years, travel or information also cries approach, the real estate investors in Hanoi Da Nang mainly in the form of sales. But to date, is pour money into. In the case of Hanoi investors ordering several plots of land, it is no longer rare.

~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news

Explaining the reasons for this problem, real estate investors said that: The past time, the market has many more positive signals. In particular, the financial solutions from the banks. .

Banks have offered loans ranging from 30 trillion to 50 trillion. Customer confidence in the market is gradually recovering after a long period of decline.

According to Thanh, with Danang real estate, one thing is very special that it is subject to the great impact of the two largest markets in Hanoi and Ho Chi Minh City. HCM. When these two markets have recovered, the Danang market will also have the same growth.

Da Nang real estate market

Danang is a big market but it is affected by Hanoi and Ho Chi Minh City

If the 2012 in the customer structure in Da Nang. Hanoi investors only account for about 10% of the market share. But from 2014 up to now, this statistic increase suddenly.

When Hanoi customers always occupy about 50% of the transaction. Meanwhile, it is noteworthy that the volume of products sold to Hanoi customers accounts for about 65% of the volume. That means that Hanoi investors will buy more than 1 real estate products – Mr. Thanh said.

In the years 2014, investors from Hanoi, Ho Chi Minh City and the northern provinces occupy almost the entire market of apartments and condominiums. With a success rate of 80%. In recent two years, investors from China, Macau, Hong Kong and Singapore have been paying close attention to resort villas and beachfront hotels in Da Nang.

Is Danang real estate “floating” with this competition?

Before that, when the market of Hanoi and Ho Chi Minh City dragged down the real estate market has fallen dangling no brakes. Although housing prices in the city have fallen to the floor, even some projects at a time reduced to 50%.

According to Duong Thuy Dung, Deputy Director of CBRE’s market research and consultancy division, “In reality, Hanoi’s customers are still dominant in Da Nang’s transactions in recent years.

The general crisis of the real estate market in 2011 caused the interest of individuals to real estate decreased much, investors for real estate in the country in general and Da Nang in particular.

the opportunities and challenges of the retail property market in Da Nang

Da Nang real estate is “emerging” with strong competition from investors

Many experts said that Da Nang market will be difficult to appear “big wave” as the period before. The reason, about 5 years ago, Da Nang is still in the planning stage, so the economy is moving in a relatively favorable direction.

With the return of customers in Hanoi at this time, whether the real estate market Da Nang return fever?

The state has not had much intervention in the market, especially in the currency market. At present, the state has introduced many new policies, new tools to participate more in market management. So this is very unlikely.

According to some experts, Da Nang real estate will no longer be a potential market for speculators. Buyers now mostly buy in the form of a second home, as a place to send savings, for occasional vacation. Or to profit from the sublease, in addition to other social purposes.

In addition, customers are now more cautious and demanding in the investment process. And many experts also warned that: If the investors are still absorbed in the real estate market Da Nang without sober review market situation. The ability to “stick” when the market freeze again is very likely. As of this moment, the expectation of strong growth of Da Nang real estate as a few years ago is very difficult to achieve.

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