Property in Khanh Hoa
Real estate in Khanh Hoa is one of the most attractive investment options in Vietnam. This province, known for its coastal resorts and historical sites, is a favoured destination for tourists. The increasing number of foreigners visiting each year is driving a growing demand for housing, including hotels, apartments, and villas.
The potential for investment in properties in Khanh Hoa is linked to the expanding tourism sector and regional infrastructure development. The Van Phong Special Economic Zone, established in the province, attracts foreign investors with its business incentives. This has led to job creation, opening opportunities for entrepreneurs interested in buying apartments in Vietnam for passive income or resale.
In the third quarter of 2023, the province recorded 4,796 real estate transactions totaling 3.36 billion VND (approximately $139.54 million). During the year's first nine months, land plots dominated sales contracts (3,666 plots sold), followed by 943 detached houses and 188 apartments.
Khanh Hoa garnered a score of 67.74 in the 2022 Provincial Competitiveness Index (PCI), as reported by the Vietnam Chamber of Commerce and Industry (VCCI), ranking it 16th among 63 regions and cities in Vietnam. This achievement reflects the province's superior economic management, a conducive environment for business, and efficient implementation of administrative reforms.
Khanh Hoa is focused on further developing the Van Phong Economic Zone, along with other key projects like the formation of the new Cam Lam district and updating the master plans of Nha Trang city and other provincial regions. Simultaneously, the province is witnessing the development of six major real estate projects, which will add a variety of new apartments, townhouses, and detached houses to the market upon their completion.
Property prices in Khanh Hoa
Prices of real estate for sale in Khanh Hoa vary significantly based on location, property type, unique features, and other factors.
In the heart of Nha Trang, a key tourist spot in the province, apartment prices range from $50,000 to $150,000, depending on the living space size, condition, and location. Apartments with sea views or those near the beach may be priced higher. For those looking to buy a house in Vietnam, Khanh Hoa offers a variety of attractive options. Villa prices also vary widely, influenced by size, design, location, and amenities. Typically, real estate sales in the mansion segment start from $200,000 and can reach several million dollars.
Below is the average property cost in Khanh Hoa:
- price per square metre – $3,183;
- average property price – $246,546;
- monthly rent – $510.
Current real estate prices in Khanh Hoa in euros and dollars, along with descriptions and actual photographs, are published in the catalogue on Vietnam-Real.Estate.
Properties for investments
Investment property in Khanh Hoa offers potential owners numerous advantages, including:
- Prime geographic location. The province, situated along the South China Sea coast, is surrounded by natural attractions.
- Growing tourism sector. Khanh Hoa is a leading tourist destination in Vietnam. Each year, thousands of travellers visit the region to enjoy its scenic beaches and explore its attractions.
- Expanding economic zone. In the Van Phong Special Economic Zone, investors can take advantage of tax benefits and incentives.
- Developed infrastructure. This province boasts a strong transportation network and is near an international airport, making travel convenient for tourists and residents alike. This infrastructure plays a significant role in enhancing property values.
- Diverse housing options. Khanh Hoa offers various types of property in Khanh Hoa for investments and living, such as apartments, villas, hotels, and commercial spaces. Investors have the option to select properties that align with their objectives and financial plans.
- Rapid value growth. With increasing demand and regional development, property values in Khanh Hoa have the potential to grow. Investments in real estate promise future rental income and the possibility of profit from subsequent sales.
Profitable to buy property in Khanh Hoa
Start your search for property in Vietnam with Vietnam-Real.Estate! Our catalogue with customizable filter features offerings from verified owners and the country's leading developers. If you need help in buying property in Khanh Hoa, contact a manager. Our experts will select several options that suit you and provide consultation on any questions you may have.