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Update news vn estate market
More than 300 real estate brokerage exchanges, or one third of these firms in Viet Nam, have closed recently due to low supply and the impact of the COVID-19 epidemic.
Vietnam is expected to be one of the most favorite destinations for property investors thanks to its export-driven economy and stronger journey of international integration, professional services firm JLL has said in a recent report.
Ken Research has released the report titled “Vietnam Real Estate Market Outlook to 2025", providing a comprehensive analysis of the real estate space within Vietnam.
More positive signs would appear in HCM City’s property market in the year-end months despite difficulties in the first half of the year, said Chairman of the HCM City Real Estate Association Le Hoang Chau.
The Ministry of Construction has written to the prime minister stating that it has encountered a host of difficulties in researching and drafting a circular on regulations for developing and managing the office-tel segment.
Whenever information on infrastructures of a town gets leaked, even as a mere proposal of the government, real estate prices of that area would immediately go up.
Vietnam is considered one of Asia’s most vibrant property markets and a long-term strategic area for Savills.
VN property market is proving more attractive to foreign investors all across the board, with international investment funds out for profit-generating properties and investors looking for domestic partners to co-invest a range of projects.
Stark increase in real estate pricing in the south, especially in Ho Chi Minh City, has fostered businesses in this sector to regain strength.
Demand for affordable apartments makes it a segment of great potential for developers but sustainable, long-term investments are required.
Regardless of global uncertainties, domestic policy changes and market fluctuations, Vietnam’s real estate market will continue growing in 2017 thanks to a plethora of driving factors.
Mr. Stephen Wyatt, Country Head of Jones Lang LaSalle (JLL) Vietnam, discusses the current state of Vietnam's property market.