As the year draws to a close, the local property market is lookingbright and busy as it realigns its offers for investors and gets readyfor some stellar growth over the season.
Investorswho have always viewed the purchase of property as a profitable,long-term investment channel, are now facing a wide range of choicesopening up before them, said Vu Cuong Quyet, General Director of the DatXanh Real Estate and Service JSC.
Quyet added thatremittances from overseas will pour into the country at this time ofthe year and this will help stimulate local investments, especiallyinvestments in the property market.
The price ofproperty projects has dropped drastically to price levels that buyerswill inevitably find irresistible. Since property developers are runningagainst time to sell their projects and to expedite sales, they arepresenting several promotional programmes, such as offering lower pricepoints, long-term payment schedules and simpler buying conditions.
These incentives will attract buyers, despite the current frozen property market.
Quyet said that the macro economy has also drastically improved andthe financial market has seen many good movements, as bank interestrates fell sharply and loan conditions became simpler.
Vietnam's economic development is looking more promising and positiveover next year. Therefore, it is the right time and a good opportunityfor people to invest, especially those who have a real need for housing.
Agreeing with this point of view, Chris Brown,general director of Cushman&Wakefield, predicted that if inflationis kept stable, 2014 will be a "prospect" year for Vietnam's real estatemarket and market confidence will recover soon, too.
According to Dr. Le Xuan Nghia, an analyst, 2014 will be a year ofrecovery for the real estate market. The property market could see arapid increase in liquidity, starting from the Q3 and growing strongerin Q4.
However, because of the huge debts involvedin real estate projects, this market could either recover firmly nextyear, or become slower for the high-end market segments.
Unlike the quiet atmosphere and grim outlook of the previous month,the local housing market is now boisterous again due to the many offersfrom property developers.-VNA
Investorswho have always viewed the purchase of property as a profitable,long-term investment channel, are now facing a wide range of choicesopening up before them, said Vu Cuong Quyet, General Director of the DatXanh Real Estate and Service JSC.
Quyet added thatremittances from overseas will pour into the country at this time ofthe year and this will help stimulate local investments, especiallyinvestments in the property market.
The price ofproperty projects has dropped drastically to price levels that buyerswill inevitably find irresistible. Since property developers are runningagainst time to sell their projects and to expedite sales, they arepresenting several promotional programmes, such as offering lower pricepoints, long-term payment schedules and simpler buying conditions.
These incentives will attract buyers, despite the current frozen property market.
Quyet said that the macro economy has also drastically improved andthe financial market has seen many good movements, as bank interestrates fell sharply and loan conditions became simpler.
Vietnam's economic development is looking more promising and positiveover next year. Therefore, it is the right time and a good opportunityfor people to invest, especially those who have a real need for housing.
Agreeing with this point of view, Chris Brown,general director of Cushman&Wakefield, predicted that if inflationis kept stable, 2014 will be a "prospect" year for Vietnam's real estatemarket and market confidence will recover soon, too.
According to Dr. Le Xuan Nghia, an analyst, 2014 will be a year ofrecovery for the real estate market. The property market could see arapid increase in liquidity, starting from the Q3 and growing strongerin Q4.
However, because of the huge debts involvedin real estate projects, this market could either recover firmly nextyear, or become slower for the high-end market segments.
Unlike the quiet atmosphere and grim outlook of the previous month,the local housing market is now boisterous again due to the many offersfrom property developers.-VNA
