New property businesses increase sharply hinh anh 1Illustrative photo (Source: VNA)

Hanoi (VNA) - The number of newly-established real estate firms has seen a year-on-year increase of 77.8 percent, the highest rate among all sectors, according to the Vietnam Real Estate Association.

The figure shows a positive signal of the property market. Many real estate firms have resumed their operation this year.

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 is 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