Why is “second home” a new investment trend?
There is an increasing number of international visitors to Vietnam, as reported by experts. Therefore, second home (second house), for both accommodation and investment, is expected to be an inevitable trend of the real estate market attracting investors at present.
A model integrating relaxation and investment
It is no coincidence that Vietnam has recently been named in top 20 emerging second-home markets, according to Telegraph. Regarding price, Vietnam ranks third in the list of attractive second-home markets with an average price of over 500,000 pounds (approximately USD 635,000), following Kenya and Slovenia. According to experts, this model emerges in Vietnam market due to the integration of demands on both relaxation and investment when the product is idle.
As a consequence, this model has recently become the choice of many families and real estate investors. Whereof, this product line not only attracts the elite, but also is expected to become a trend of young people aged 35-40 as it helps express their brand and value and is close to nature.