Resort real estate escapes “freezing”, what is the reason?
In 2020-2021, the resort real estate market is quite quiet due to the decline from 2019 and the impact of the Covid-19 epidemic. However, entering the first 2 months of 2022, the market has recorded many signs of improvement.
According to DKRA, the supply of some resort real estate segments recorded a sudden increase such as resort villas, resort shophouse townhouses. Specifically, the supply of resort villas increased 2 times over the same period; the supply of resort shophouse townhouses increased 31.5 times over the same period.
However, Mr. Vo Hong Thang – Deputy Director of R&D DKRA Vietnam said: “Although the supply increased by times, compared to the “golden age” in 2019 there is still a long distance. This shows the real picture. economy of resort real estate.
The recovery of resort real estate lies in the general recovery of the market. Opening up the economy, making travel more convenient to make the tourism industry recover are factors affecting customer psychology, making market demand significantly increase in recent times.
Mr. Thang also added that the reason for the growth is due to the impact of important factors. Firstly, by the end of 2021, the economy will be reopened and the disease will be effectively controlled. This is one of the important prerequisites to help the economy recover. Many economic organizations forecast that Vietnam’s GDP will grow by 6.5-7% in 2022, this is a positive sign, the real estate market will also have a recovery.
Secondly, the stock market in 2021 will grow strongly, many securities investors will be profitable. Therefore, after taking profits from the stock investment channel, investors tend to transfer part of their profits to real estate.
Third, the policy of the investor is also the cause affecting the growth of the resort real estate segment. During the epidemic period, many investors have introduced policies to support cash flow for customers such as discounting on the opening day, extending the opening schedule, supporting bank interest rates, etc. stimulate market demand increased a large amount of consumption in recent times.
Another extremely important factor is the bank interest rate. Currently, bank interest rates are quite low and have remained stable recently.
Mr. Vo Hong Thang – Deputy Director of R&D DKRA Vietnam.
Besides, Savills expert also said that the open-door policy for travel between Vietnam and other countries will also make the real estate market more exciting, not only in the hotel and resort segment but also in the hotel and resort segments. in the serviced apartment segment.
In addition, the resort real estate market is also benefiting from the heat of domestic tourism. Research by Savills noted an improvement in occupancy and average rents in the hotel segment in the last months of 2021. Similarly, future supply in the Hanoi market is on an uptrend, year-to-date. 2022 onwards. These signals show investors’ confidence in the industry’s ability to bounce back.
Sharing about the future prospects of resort real estate in the North, Mr. Matthew Powell, Director of Savills Hanoi, said: “Talking about the resort real estate market in the North, besides the other cities in the region. In a thriving tourist city like Ha Long, we see a large number of projects being developed in the suburbs and around Hanoi such as Hoa Binh and Thanh Hoa.”
Explaining this phenomenon, Mr. Matthew said: “This trend is also quite understandable, because the movement of people to suburban districts is becoming much more convenient. Thanks to infrastructure and network. Traffic is increasingly developed, people will also choose resorts near and around Hanoi on weekends, so we are looking forward to resort real estate development projects. in these neighborhoods”.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
