Illustrative image (Source: VNA) HCMCity (VNA) – The future looks bright for Vietnam’s real estatesector, especially the resort segment, which is attracting attention from both domestic and foreign investors.
Tourism growthis considered a main contributor to the development of resort real estate,which is becoming an attractive investment channel in the country.
The number of international visitors to Vietnam recorded an average growth of 27percent in the last two years, and Vietnam is one of the countries with the highestgrowth in East Asia.
The momentum is fuelled by the rapid development of infrastructure, low-costairlines; e-visa registration programme for 40 countries and visa exemptionsfor five European countries; domestic consumption; and the Government’s movesto encourage and promote tourism, and contributions from private investors.
According to Mauro Gasparotti, Director of Savills Hotels Asia Pacific, Vietnamis transforming from a destination with few options of accommodation andentertainment into an attractive destination for luxury tourism that is able toattract tourists back.
More and more domestic and foreign investors are interested in Vietnam's resortrealty market and many investors alsohave an optimistic view on its potential.
Gasparotti said resort real estate is always considered an attractive segment forinvestors due to its stable growth.
The growth will continue in 2019 and become even stronger thanks to new globaltrends such as information technology which can further promote the developmentof tourism.
Experts said Vietnam is in a good position to capture growth opportunities,with tourist arrivals this year set to increase again.
The market willreceive a wave of new projects with international brands coming into operationsuch as Movenpick Cam Ranh and Melia Ho Tram.
According to Gasparotti, his firm encourages investors to research new trendsand products that do not have much presence in the Vietnamese market such as brandedresidences and select service hotels or resorts with an emphasis on experienceservices to diversify accommodation options and fill the needs of travellers.
Investors have a positive outlook on Vietnam's resort real estate market in2019 and look forward to positive results, he said.-VNA
VNA
