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Update news housing market
The Hanoi Department of Construction has published a list of 67 apartments owned by foreigners in the city and the number of apartments allowed to be sold to foreigners in each housing project.
The Vietnam Real Estate Brokerage Association forecasts the housing real estate market in 2021 to have more optimistic developments due to the effective prevention of the COVID-19 pandemic and domestic economic recovery momentum.
A recent survey by Savills found that gap of property prices are narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.
The condo market in HCM City is expected to face challenges this year, according to industry experts.
Tenants in need of renting a house, a flat or a room in HCMC now have more options from diverse types of houses and rents in different market segments.
The Ministry of Construction's statistics on the total real estate inventory value is incorrect as the inventories of many property enterprises are not fully taken into account, according to the HCMC Real Estate Association (HoREA).
VietNamNet Bridge – The Government will continue putting the brakes on credit growth in the heated real estate sector in the next 2-3 years.
VietNamNet Bridge – The revival of the housing market has had a positive impact on the prices of shares of property companies, according to the Vietinbank Securities Company.
The housing market in Hanoi and Ho Chi Minh City is heating up as lower inventories, strong demand and a spill over from foreign buyers relocating to Vietnam as a consequence of the nation’s buoyant economy lifting property values.
The real estate market, especially the high-end segment, has seen a revival and is likely to develop strongly from here thanks to the amendments to the Housing Law that permits foreigners and overseas Vietnamese to buy housing
VietNamNet Bridge – Last year the Vietnamese government reviewed and implemented several new policies to bolster the economy, lawyers from LNT Law Firm writes.
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VietNamNet Bridge – Large amounts of money are expected to be pumped into the southern housing market, especially in HCM City, which is recovering rapidly, according to analysts.
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The real gross domestic product of the United States expanded at an annual rate of 2.5 percent in the second quarter this year, the best performance since the third quarter of last year, boosted by ongoing recovery of U.S. housing market
Growth of U.S. economy will remain tepid through 2013, before accelerating in 2014, said the International Monetary Fund (IMF) on Friday.
The sales volume of new single-family houses in the United States rose in May to the highest level in about five years, evidence of the recovering property market, the U.S. Commerce Department reported Tuesday.