Looking back at the year 2019, especially in the middle of all new real estate developments we observe in Da Nang and the Central Coast, it’s obvious that it has been yet another year of a strong economic performance in Vietnam.
While it has been one of the slowest years for the global economy in a decade, with global GDP growth estimated at only 2.2%, Vietnam has recorded a second consecutive year of over 7% growth and 6th year in a row with over 6% growth rate!
Vietnam has also been the fastest growing economy in the ASEAN region and predictions for 2020 remain very positive.
At the same time, tourism and hospitality sector, which is an important factor for real estate investors, especially in places like Da Nang and Hoi An, is also showing an impressive growth dynamic.
Vietnam as a whole, broke the record with 18 million foreign arrivals in 2019 and over 16% year-on-year growth.
At the same time, this number for Da Nang has grown over 30% compared to 2018 with over 3.5 million foreign arrivals!
This dynamic is expected to remain strong and forecast for number of foreign visitors in 2020 is 4 million.
Based on the above, one can see why so many investors bet on real estate in Da Nang and Hoi An area of Vietnam, which is not only benefiting from overall growth of Vietnam’s economy, but also from potential for tourism segment.
Interested to learn about the best apartment and condominium projects or beachfront resort villas for sale in Da Nang and Hoi An? Contact us today!