Experience ‘carrying’ when investing in coastal land, should not be ignored if you want to invest or make a second house to live in

Sea surface land, or coastal land is always a potential investment segment in the long term. Not only meeting the residential demand, this segment also has high liquidity, bringing attractive profitable value.

That’s why, there are people who buy coastal land for investment, there are people who buy it to save it, some people who buy it and build it as a second house, or there are people who choose to leave the city to live in the sea…

However, for those who want to buy coastal land to make a second home or investors who are new to the market, the experience of those who have gone before can help them choose a satisfactory piece of land, avoiding risks. very important.

The ‘pocketing’ experience, not to be missed for those who want to buy coastal land to make a second home or invest, is planning, climate, erosion, location, traffic, type of land….

Prerequisites when buying coastal land

As a side-by-side investor, owning many real estate, including land on the sea, Ms. Ngo Hien – a real estate investor in Hanoi shared with Infonet Some personal experiences when buying coastal land.

Hien said that due to sinusitis and joint pain, she was not suitable for the climate in Hanoi. Her purpose is to buy a piece of land on the beach to later retire to build a vacation home and also an asset for her children in the future.

According to Ms. Hien, rivers, lakes and ponds can be dug but the sea cannot. Vietnam is a country with a long sea route, but choosing the right land to live in is not easy. Therefore, the land fund for sea surface is the same as the land in District 1 (HCMC) or the land in Hoan Kiem (Hanoi), that is, the land does not generate additional land and always retains its value.

When choosing to buy sea land for any purpose, investors need to pay attention to a series of issues such as planning, location, traffic, climate, wind and storm, environment, erosion, population, etc. covenient service…

Priority criteria when choosing to buy sea land, Ms. Hien chose the location of sea surface land. The land is open to see the sea, a few steps to the sand beach and no one blocks the view… With this prime location, the value of the land is much more than the plots inside. Only from the 2nd lot onward, can’t see the sea directly, can only build high houses to see the sea, the value has decreased a lot, maybe only half or a third of the price compared to the surface land lot. sea.

However, when choosing to buy land on the sea surface, the problem of erosion must be paid special attention.

Traveling a lot in Hoi An, especially Cua Dai beach, Hien saw many resort areas being eroded. Some people even bought sea land a few years later, only a few coconut trees left…

Therefore, in order to avoid erosion, when choosing sea land, Hien often chooses the sea area located in the bay, which will prevent erosion but the waves are smooth and safe. If you pay close attention, you will see which fishing village is densely populated and has existed for a long time, which means that the area has a relatively healthy sea, can avoid storms and can be purchased.

“Phu Quoc, Da Nang, and Nha Trang are tourist cities with international airports, a large number of tourists, full services and very high prices, so it is extremely difficult to own land here. towel. The area from Hue to the North of the sea still has winter, it takes 5.6 months to swim in a year, so coming to rest or exploiting tourism for rent as a homestay will also be affected.

When buying beach land, I also really like Phu Yen and Khanh Hoa areas because this area has beautiful sea, close to the airport, convenient to move from Hanoi, Saigon. Land from Phu Yen to Binh Thuan is an area where the price is still moderate. Investing in sea land in an area with a large number of tourists, exploited all year round, the land value will increase … “, Ms. Hien shared her experience of choosing land from reality.

Pay special attention to the type of soil

Coastal land has many types, from production forest land, annual crop land, perennial crop land to rural land, urban land … Therefore, when choosing to buy sea land, special attention should be paid to the type of land. land to avoid risk.

Ms. Hien said that there are many places for sale of land on the sea surface, which is quite cheap, only 1-3 million VND/m2, but usually it is production forest land or annual and perennial crops. These land plots are not located in a stable residential area, have a limited use period and are not allowed to build houses, so there is still the possibility of changing the use purpose because the State takes it to make public works. plus or can do tourism and resort projects. Therefore, individuals who want to buy land to build a second house by the sea will not choose to buy this type of land, but often prefer to choose residential land in a long-term fishing village that will be more stable.

“However, there are also residential areas that are still subject to planning. Therefore, when buying, it is necessary to check the legal regulations, the planning carefully, as well as check whether the area is allowed to build houses or not,” noted Ms. Hien.

Sharing more about land prices, Ms. Hien said that there are areas where the price of land on the sea surface is still quite soft like Nam Hoi An, Quang Ngai … but that sea is often windy, so many people are not interested in choosing. . The area from Phu Yen to Binh Thuan is more sought after due to the beautiful sea and favorable climate, so the land price has also increased quite rapidly in recent times.

“Coastal land is abundant, but sea surface land is quite rare nowadays, especially residential land plots suitable for planning in beautiful sea areas, good climate, less wind and storms, convenient transportation and large area. The area is moderate, suitable for many people’s pockets,” added Ms. Hien.

In the current market, sea surface land is currently the lowest residential land at about 15 million VND/m2, but there are also cheaper places like in Nam Hoi An, Quang Ngai… only 4-5 million VND/m2 but It’s not a popular beach.

Sea surface land in Khanh Hoa, Phu Yen, Binh Thuan, Ninh Thuan, Binh Dinh has prices up to 80 million VND/m2. For example, land in the fishing village of Nhon Hai (Binh Dinh) trades at 70-80 million VND/m2; or like in Doc Let (Khanh Hoa) land prices also increased very quickly; there is a period when it increases from 16-17 million VND/m2 to 25-40 million VND/m2, depending on the area. Some even sell up to 60 million VND/m2.

ID