Information relating to the loosening of credit room, and commitments from the Ho Chi Minh City People's Committee and other agencies on removing hurdles to transactions have led to experts' positive views on the future of the property market.
Experts and businesses in Ho Chi Minh City’s real estate sector have mapped out recovery scenarios after the COVID-19 pandemic passes, with the local property market having experienced a marked slowdown.
More than 300 real estate brokerage exchanges, or one third of these firms in Vietnam, have closed recently due to low supply and the impact of the COVID-19 epidemic.
Several new development trends are emerging in the real estate market, which is expected to remain strong in 2019 since the economy continues to grow robustly and there is a lot of investment flowing into infrastructure.
The real estate week Red Friday with special promotion programmes will be held in Vietnam for the first time, from December 7-14, the Vietnam Association of Realtors (VARS) announced on November 14.
The affordable apartment segment will be the star of the property market in the coming years, but its supply is increasingly scarce while the demand for this type of apartment remains high, according to an analysis by property services firm CBRE Vietnam.
According to statistics of property firms, 2017 saw an increase in the number of people searching for information on real estate, compared to previous years.
Merger and acquisition (M&A) deals in Vietnam’s real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.
The number of foreigners buying real estate products in Vietnam has increased, but the domestic property market needs policies to attract more foreign investment, according to experts.
The Vietnamese property market is entering 2016 after witnessing recoveries of firms in 2015, driven by macroeconomic improvements and policies of openness.
The Vietnamese property market is entering 2016 after witnessing recoveries of firms in 2015, driven by macroeconomic improvements and policies of openness.
Vietnam's property market is on the path to recovery and promises to remain busy in the last few months of the year, the Viet Nam Real Estate Association said.
Vietnam’s real estate market, despite its long-lasting struggle, is
finally gaining momentum with stable prices on the rise, Savills Vietnam
Managing Director Neil MacGregor declared on May 21.