Coastal real estate prices in Ha Long city in northern Quang Ninh province have increased sharply over recent years. They are still, however, only two-thirds of those seen in traditional coastal real estate markets such as Da Nang, Nha Trang, and Phu Quoc Island. According to investors, price rises will therefore be difficult to stop in Ha Long city, especially given the shortage of real estate in prime locations.

Investors expect the coastal real estate market to recover soon as coastal cities and provinces re-open to tourists. Figures show that more than 70 per cent of tourists prefer a holiday on the coast. Nha Trang city is a popular destination for investors in coastal real estate.