prices are generally lower than in other major
Southeast Asia holiday destinations.
“For second home residences,” says Mauro
Gasparotti, an executive director for Alternaty,
a Ho Chi Minh City-based property and
hospitality consultancy, “Vietnam offers
beachfront property that would be very
expensive anywhere else.”
“Vietnam still gives investors the possibility
to buy a condominium unit or landed house
in locations that are very close to the central
business district for accessible prices,” adds
Mr. Gasparotti. Moreover, since Vietnam’s two
main cities, Ho Chi Minh City and Hanoi, are
growing rapidly and are expected to receive
influxes of investment over the coming years,
the value of residential units and land is
expected to grow over the medium- and long
term.
Adding to Vietnam’s value as a property
destination is the growing number of
292
tourists. While the numbers are smaller than
neighbouring Thailand, there were 7,572,352
international arrivals in 2013, 10.6% more than
the numbers in 2012, according to the Vietnam
National Administration of Tourism. With the
influx of tourists, more accommodation and
better conveniences for expats visiting and
living in Vietnam can be ex