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Blooming real estate investment in provinces: Thrive quickly, decline fast

According to property experts, while the real estate market faces the risk of slowing down in many segments due to people worrying about fire safety, resort property segment is currently the highlight of the market with great potential and high profitability. With a strong expectation on resort property segment, many investors spend huge investment capital. Among resort properties, coastal villa is currently the leading trend, especially villas with distinguishable designs and located in cities with strong tourism growth. According to CBRE Vietnam’s calculation, up to 2020, Vietnam will need about 300,000 rooms for accommodation. Major tourism cities like Danang, Nha Trang, Halong, Phu Quoc… occupy 60pct of total number of rooms across the country (over 180,000 rooms). Additionally, the number of 3-star-and-above rooms must also be increased sharply to meet ever-increasing demand of tourists.