‘Second home’ real estate remains attractive amid pandemic

When Covid-19 broke out again in late April, many city-dwelling businesspeople and families began moving into their second homes in the suburbs or the countryside to avoid the pandemic. The popularity of second homes has actually been in place for some time.

People like to “leave the city and go to the countryside” if they can, seeking a wider space away from the hustle and bustle and enjoying some peace surrounded by nature, according to Associate Professor Dr. Nguyen Minh Hoa, Vice President of the Ho Chi Minh City Urban Planning Development Association.

This trend is stronger than ever in the southern city, when there are many suitable places nearby for a second home that meet demand for green, safe, and healthy living in the context of Covid-19.

According to real estate experts, many investors and customers in the city began to choose second home real estate products in the central highlands’ Lam Dong province when the pandemic hit, thanks to its cool climate, or in the Mekong Delta provinces of Long An and Tien Giang.

With benefits on offer, second home products are becoming a popular choice among investors and customers with housing needs, especially products in compound and semi-compound areas. Projects adjacent to Ho Chi Minh City now consistently sell out.