Holiday Lettings news - Vietnam rental market 'promising'

Vietnam rental market 'promising'

Vietnam is a country whose popularity and economy are on a "sharp upward trend", according to one expert.

A spokesperson for Property Frontiers pointed out that the World Travel and Tourism Council has predicted that Vietnam will be one of the top ten tourist destinations of the next decade.

This, combined with the fact that Vietnam has the fastest growing economy in south-east Asia next to China, means the country's rental market is "heavy with promise".

"Considered by many as the new Thailand, Vietnam is a country whose popularity and economy are on a sharp upward trajectory," the representative remarked.

She continued: "It is a country almost untouched and totally undeveloped. As such, it is a new market offering a range of opportunities at very affordable prices."

There are some restrictions on foreigners buying property in the country, but if these were to be relaxed then prices should rise rapidly, Property Frontiers' spokesperson concluded.

According to Global Property Guide, a significant issue facing people looking to invest in Vietnam is the fact that all real estate in the country has to be purchased in pure gold.

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