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Gold Property: Nha Trang Apartment Rental Market

According to the analysis of real estate professionals, real estate in Vietnam is a trend to invest in new markets, large cities such as Ha Long, Da Nang, Phu Quoc, Nha Trang … with investment figures up to billions of dollars.

With a beautiful location with very favorable nature Nha Trang, Khanh Hoa is the market rental apartments extremely attracted and loved by many.

The attraction of Nha Trang apartment for rent

Nha Trang is known as the paradise resort of the country when the mother nature gives admirable gifts. With its mild climate, charming landscape, Nha Trang possesses many famous landscapes, crowded amusement parks, etc., which are the reasons for a large number of tourists in the country to Nha Trang.

In addition, Khanh Hoa authorities have attractive policies to attract investment in tourism services, along with positive changes in management. With the increasing number of visitors to Nha Trang, the duration of stay here is quite long, thus contributing to the growth of the tourism industry, which has led to the growth of the real estate market. Apartment rental items.

Nha Trang apartment rental market
Nha Trang is beautiful and it is the princess of the property market resort Vietnam

Transportation infrastructure is also a factor in boosting the market. Specifically, there is a connecting road from Nha Trang to Cam Ranh Airport to help shorten the travel time 30 minutes. The road system here is quite wide, clean and safe so traffic here is very convenient and safe.

Thanks to the potential for tourism and the development of the infrastructure system, the rental market in particular or the real estate market in general has had a great deal of growth recently.

Nha Trang apartment rental market is a “gold mine” to exploit?

As of mid-2015, there are 3,550 apartments in the total apartment supply in Nha Trang from 11 projects, according to a report by Savills Vietnam. Of this, 1,649 units were sold out of the six projects that sold 60%, the remaining units were bought.

Currently, Loc Tho Ward is one of the best property markets in Nha Trang with an average price of VND48 million per square meter. Here, all projects in Tran Phu, have a professional management system, accompanied by utility support. Therefore, this area is attracting many investors from Hanoi, Ho Chi Minh City or foreigners.

Nha Trang apartment rental market
The number of rental apartments is constantly increasing

In addition, the number of tourists to Nha Trang will increase to VND7.2 million by 2020. As the demand for housing increases sharply, the city has to supply the living room hotel, apartment as appropriate. Specifically, we need 19,200 hotel rooms to meet enough.

Due to the stay of visitors in Nha Trang city at least 2.2 days. In particular, the number of visitors from Russia accounted for about 24% of international guests have the longest stay here is 12 days, the number of visitors from China usually from 3 to 4 days. This helps the tourism industry develop strongly in this beautiful coastal city.

Due to the strong development of the tourism industry, the number of workers in the city has also increased. As a result, the demand for apartment rental and apartment rental also increased sharply. However, there are limitations in the process of lodging in Nha Trang so many customers are quite afraid.

Nha Trang apartment rental market
Apartments for rent Nha Trang diverse, rich

With the rapid growth of the economy in the coastal city, has created a fever for the Nha Trang property market. Investors are focusing on investing in the apartment rental market because of the advantages. Investors, however, need to be well prepared to avoid problems with the administration.

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