Property market in Vietnam offers good opportunities

Vietnam is emerging as a good location for property investment, on the level of that of Thailand.

That is according to Property Frontiers, which maintained that the country's popularity and economy were experiencing something of a boom.

A spokeswoman for the company asserted that Vietnam has the "fastest growing economy in the area" after China, having seen a 7.4 per cent average yearly GDP increase over the last five years.

She said: "From now until 2011, it is expected that GDP growth will be maintained at a robust 7.9 per cent. With a rising middle class and steady demand from tourists and expatriates, Vietnam's rental market is heavy with promise."

She went on to comment that the market offered a good range of affordable investments opportunities, particularly in Ho Chi Minh City and Hanoi.

In addition, increasing tourist numbers was having a beneficial impact on accommodation demand.

"The World Travel and Tourism Council predict that Vietnam will be among the top ten tourist destinations in the world in the next ten years," she remarked.

Overseas Property News posted on 12/02/2008 18:50:06