Number of new property businesses increases sharply
The number of newly-established real estate firms recorded an increase of 78.7 percent in the first ten months of 2015 compared to the same period last year.
Illustrative image (Source: VNA)The numbers of dissolved and suspended enterprises in the field saw declines of 30 percent and 7.2 percent, respectively.
These figures showed a positive signal of the property market. Domestic investors have pinned a high hope in the recovery of the market as Vietnam completed negotiations on the Trans-Pacific Partnership (TPP) agreement, which investors and distributors expected to help increase the liquidity of the estate goods.
Since the beginning of this year, the property market has shown its magnet against other fields such as stocks, gold, foreign currency, or savings.
By the end of the third quarter of 2015, Hanoi saw 5,300 successful transactions, up 70 percent while Ho Chi Minh City reached 5,100, doubling that of the same period last year.-VNA
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