Apartment sales in Hanoi declined in the second quarter, while their supply increased in the first half of the year, a new report says.
Ho Chi Minh City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.
The real estate market in the west and southwest of Hanoi is expected to develop further with the development of infrastructure and high demand, according to experts.
VOV.VN - Vietnam’s flourishing tourism has stimulated the property market. From 2010-2016, the number of foreign visitors to Vietnam doubled to 10 million people. Domestic tourists also increased, from 28 million to 62 million people.
The impressive growth of Vietnam’s tourism sector has given a boost to tourism and resort property market, according to experts.
The steel industry is expected to maintain its recent double-digit growth this year, helped by the recovery of the property market, but it will also face the pressure of trade defense instruments in import markets and competition from cheap steel.
VOV.VN - As many as 500 delegates gathered on April 1 for an annual meeting hosted by Vietnam Real Estate Association (VNREA) in Quy Nhon city, the central coastal province of Binh Dinh.
VOV.VN -Prices of luxury and high-end real estate in Vietnam are still attractive to foreigners when compared with other Southeast Asian regional markets, said the chair of the Vietnam National Real Estate Association, Nguyen Tran Nam, in a recent interview.
Real estate transactions stalled in February due to the Lunar New Year holiday, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
The real estate market in Vietnam has witnessed a burst of activity with interest from both foreign and local investors.
Vietnam’s three-year run of growth in its residential property market is expected to continue in the short term, according to a survey conducted by FT Confidential Research (FTCR), a research service of the UK's Financial Times.
The property market of Vietnam is attractive to foreign investments due to the country’s rapid ubanisation, open policies and improved investment climate, experts said.
Vice Chairman of the Ho Chi Minh City People’s Committee Le Van Khoa asked relevant departments to improve management and take measures to tackle factors that could create the conditions for a property market bubble.
The focus of development for Ho Chi Minh City’s property market shifted from the south to the east in 2016, experts said.
Experts, speaking at a recent conference in Hanoi, gave three scenarios for the 2017 domestic property market, with the most likely one being that the market will move sideways.
The strengthening of the property market with housing and other construction mushrooming all over the country has sharply pushed up the demand for system air conditioners.
The property market expects to see a wave of developers expand into affordable housing developments, which faced a severe shortage until the Government took steps to promote investment.
The idea of taxing those owning multiple houses, in a bid to prevent speculation, is causing a stir over whether such a tax is feasible, and the impact it might have on the housing market.
Over the past year, capital flows from Japan, Singapore and the Republic of Korea have been heading for the Vietnamese market.
Real estate attracted the second largest volume of foreign direct investment with 34 new projects worth US$1 billion in the first nine months of this year, or 6.1% of the total, according to the Ministry of Planning and Investment’s Overseas Investment Agency.