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Nha Trang property prices currently sit below those of Ho Chi Minh City, Hanoi, and prime Da Nang areas, making it an attractive investment destination despite recent growth.
As of September 2025, condos average $2,400-2,500 per square meter while villas command $3,100-4,100 per square meter, positioning Nha Trang as competitively priced compared to Vietnam's major cities. The coastal city has experienced steady recovery following COVID-19 disruptions, with tourism rebounding strongly and infrastructure improvements enhancing long-term prospects.
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Nha Trang property remains attractively priced compared to Vietnam's tier-1 cities, with condos averaging $2,400-2,500/sqm versus $3,362-4,691/sqm in Ho Chi Minh City.
The market offers solid rental yields of 5-6% for apartments and benefits from strong tourism recovery and major infrastructure projects.
| Property Type | Nha Trang Price (USD/sqm) | HCMC Comparison |
|---|---|---|
| New Condos | $2,400-2,500 | 30-35% lower |
| Resale Condos | $1,500-2,400 | 40-50% lower |
| Villas | $3,100-4,100 | 15-20% higher |
| Prime Land | $500-4,500 | Highly variable |
| Rental Yield | 5-6% | 60% higher |
What are the current property prices per square meter in Nha Trang for different property types?
Nha Trang condo prices currently average â‚«62-64 million ($2,400-2,500) per square meter for new developments and quality resale properties.
Villas in prime gated communities command significantly higher prices, ranging from â‚«79-106 million ($3,100-4,100) per square meter. These premium properties typically offer resort-style amenities and prime coastal locations that justify the price premium over standard condos.
Land values show the widest price variation, ranging from â‚«13-117 million ($500-4,500) per square meter depending on proximity to the beach and central business districts. Beachfront plots and downtown commercial land command the highest prices, while suburban residential land offers more affordable entry points.
It's something we analyze in detail in our Vietnam property pack.
How do Nha Trang property prices compare with Ho Chi Minh City, Hanoi, and Da Nang?
| City | Condo Price (USD/sqm) | Villa Price (USD/sqm) |
|---|---|---|
| Ho Chi Minh City | $3,362-4,691 | $2,700+ |
| Hanoi | $2,547-2,910 | $2,700+ |
| Da Nang | $2,600-5,000+ | $2,700+ |
| Nha Trang (New) | $2,000-2,500 | $3,200-4,100 |
| Nha Trang (Resale) | $1,500-2,400 | $3,000-3,800 |
What has been the property price growth in Nha Trang over the past five years?
Nha Trang property prices have increased approximately 59% over the past five years, representing substantial capital appreciation despite market volatility.
The growth pattern shows strong increases in the early years followed by market corrections during the COVID-19 pandemic. Over the past year specifically, most property segments have stabilized with modest secondary market gains of 5-10% as the market recovers from previous discounted sales periods.
This recovery follows a period of distressed sales and oversupply issues that created temporary price corrections in 2021-2023. As of September 2025, the market has largely absorbed excess inventory in most residential segments, supporting more stable pricing trends.
The five-year growth rate positions Nha Trang as a strong performer among Vietnamese coastal cities, though growth has been more measured compared to the explosive increases seen in Ho Chi Minh City and Hanoi during the same period.
What are the rental yields in Nha Trang and how do they compare to other Vietnamese cities?
Nha Trang apartments deliver gross rental yields of 5-6%, particularly strong for short-term rental properties and Airbnb operations.
Current Airbnb occupancy rates reach 46% with annual revenue comparable to other Vietnamese resort destinations. These yields significantly outperform Vietnam's major cities, making Nha Trang attractive for income-focused investors.
Villas generate lower but still respectable yields of 3.3-3.8%, with performance highly dependent on property management quality and specific location within the city. Premium beachfront villas typically achieve the higher end of this range.
Compared to other Vietnamese cities, Nha Trang's yields are substantially higher: Ho Chi Minh City averages 3.1-3.7%, Hanoi delivers 3.1-3.4%, and Da Nang ranges from 3-4.5% depending on beach proximity. This yield advantage reflects Nha Trang's tourism-driven rental market and lower property acquisition costs.
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How long does it take to sell property in Nha Trang currently?
The average time to sell property in Nha Trang is currently 6-9 months for standard residential properties.
Condotels and resort villas require significantly longer selling periods as the market continues working through oversupply issues from previous development cycles. These specialized properties may take 12-18 months or more to find buyers at desired price points.
Standard residential condos and well-located villas sell more quickly, particularly properties priced competitively and located in established neighborhoods with good infrastructure access. Properties near the beach or city center typically achieve faster sales than suburban developments.
Market conditions have improved from the 12-15 month averages seen in 2022-2023, indicating gradual recovery and better buyer confidence in the Nha Trang market as of September 2025.
What percentage of new developments remain unsold in Nha Trang?
New condotel and resort villa developments show unsold inventory rates of 30-45% after launch, reflecting ongoing market oversupply in these segments.
Standard residential condo projects achieve better absorption rates, typically selling 60-75% of units within the first year of marketing. This difference reflects stronger demand for traditional residential properties versus investment-focused condotel products.
The high unsold rates in resort-style developments stem from previous oversupply, stricter lending conditions, and buyer preference for proven locations over new coastal developments. Many developers have adjusted pricing and payment terms to improve absorption rates.
As of September 2025, market conditions are gradually improving with better project screening by developers and more realistic pricing strategies helping reduce unsold inventory levels across most segments.
What is the current foreign buyer activity in Nha Trang's property market?
Foreign buyers currently represent 12-18% of new property purchasers in Nha Trang, showing increased international interest compared to previous years.
For premium developments and beachfront projects, foreign participation can reach 25% of total buyers, while domestic Vietnamese buyers still comprise the majority across all segments. This foreign buyer activity has increased steadily since regulatory clarifications in 2024-2025.
The most active foreign buyer groups include South Koreans, Chinese, and Western expats, particularly those seeking vacation homes or rental investment properties. Many foreign buyers focus on properties eligible for short-term rental operations to maximize returns.
It's something we cover extensively in our Vietnam property pack.
How do current government regulations affect foreign property ownership demand in Nha Trang?
Recent regulatory changes in 2024-2025 have clarified foreign buyer rights while maintaining existing ownership caps of 30% for condo buildings and 10% for houses in urban areas.
Foreign buyers still cannot hold freehold land ownership, being limited to long-term leaseholds of typically 50 years with renewal options. However, the approval process has become more streamlined with clearer documentation requirements and faster processing times.
These regulatory clarifications have increased foreign buyer confidence and contributed to the 12-18% foreign participation rate in new property purchases. The improved transparency has particularly benefited legitimate investors while maintaining government control over foreign ownership levels.
Land ownership restrictions continue to favor residential developments over individual land purchases by foreigners, directing international investment toward established condo and villa projects rather than raw land development.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What new residential and resort projects are planned or under construction in Nha Trang?
Major projects currently under construction include Somerset, La Tien Villa, Peninsula, Beau Rivage, Dragon Fairy, and Crystal Marina Bay developments.
Most new developments focus on the northern and southern coastal zones, targeting both local and international buyers with resort-style amenities and premium finishes. These projects typically offer swimming pools, fitness centers, and concierge services to attract investment buyers.
The project pipeline reflects developer confidence in Nha Trang's recovery, with most launches scheduled for 2025-2027 delivery dates. Developers are being more selective about location and sizing based on lessons learned from previous oversupply issues.
Many new projects incorporate mixed-use elements combining residential units with commercial spaces and hospitality services, reflecting the city's tourism-driven economy and investor preferences for diversified income streams.
How has tourism recovery affected rental property demand and occupancy in Nha Trang?
Nha Trang's tourism has rebounded strongly with a 21% year-on-year increase in international arrivals, reaching over 10.7 million visitors in 2025.
This tourism surge has restored occupancy rates in 4- and 5-star properties to 70-90% on average, significantly boosting rental demand for both short-term and extended-stay properties. Hotel occupancy improvements have positive spillover effects for residential rental properties.
The tourism recovery has particularly benefited Airbnb and short-term rental operators, with many residential properties achieving occupancy rates of 46% and generating annual revenues comparable to other established resort destinations in Southeast Asia.
Investor sentiment has improved markedly due to this tourism rebound, with many property buyers specifically targeting rental-eligible properties to capitalize on the sustained visitor growth and improved occupancy rates throughout 2025.
What infrastructure projects are influencing property demand in Nha Trang?
1. **North-South Expressway Van Phong-Nha Trang section** opens by late April 2025, dramatically improving connectivity to Ho Chi Minh City and other major cities.2. **Cam Ranh International Airport expansion** is underway, with Thanh Son Airport redevelopment and a planned Van Phong Airport in government planning stages.3. **North-South High-Speed Railway** preparatory phase includes Ho Chi Minh City-Nha Trang section, promising future direct rail links to major cities.4. **Port and marina developments** are expanding to accommodate increased cruise ship traffic and private yacht tourism.5. **Urban infrastructure upgrades** include improved water treatment facilities, expanded electrical grid capacity, and enhanced telecommunications networks.How do local incomes and mortgage affordability compare to property prices in Nha Trang?
Nha Trang's average household income remains lower than Ho Chi Minh City or Hanoi levels, creating affordability challenges for local buyers despite relatively lower property prices.
Mortgage finance options remain limited in Nha Trang, with most property purchases requiring substantial cash payments. Local banks typically require 30-50% down payments and offer limited loan terms compared to major metropolitan areas.
The price-to-income ratio is more favorable than in Vietnam's tier-1 cities but still presents challenges for average local residents. This dynamic has created a two-tier market with international and wealthy domestic buyers driving much of the activity.
Most local buyers focus on older resale properties or suburban developments where prices are more aligned with local earning capacity. It's detailed analysis we provide in our Vietnam property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Nha Trang property remains attractively priced compared to Vietnam's tier-1 cities, offering solid rental yields and benefiting from strong tourism recovery and infrastructure improvements.
While oversupply concerns persist in certain segments, improved regulatory clarity and major connectivity projects are renewing both domestic and foreign investment interest in the market.
Sources
- Racines Vietnam - Living in Nha Trang 2025
- Own Property Abroad - Vietnam House Price Trends
- Dot Property - Nha Trang Properties for Sale
- Fazwaz - Nha Trang Villas for Sale
- BambooRoutes - Average House Prices Vietnam
- Vietnam Net - Tourism and Real Estate Rebound
- Airbtics - Nha Trang Airbnb Revenue
- Global Property Guide - Vietnam Rental Yields
- Vietnam News - Condotel Market Analysis
- Invest Vietnam - Foreign Property Purchase Guide