vietnam property market
Latest News about vietnam property market
Legal transparency is believed to be one of Hanoi's strengths.
The severe economic blows from COVID-19 have forced scores of businesses to suspend operations and even file for bankruptcy, with real estate companies among the hardest hit.
While COVID-19 continues to impact the whole economy, most millionaires in Vietnam have been investing in the real estate market.
Big investors are pouring money into properties in the suburbs, which they had previously ignored.
Real estate firms are again postponing sales and investment plans after new Covid-19 cases were discovered in late July in Da Nang.
Though the COVID-19 pandemic may linger into the end of 2020, the property market will bounce back soon and develop strongly in 2021 and 2022 thanks to the Government’s resolve and timely action.
The Scenia Bay Complex became the first housing project in Khanh Hoa Province allowed to sell apartments to foreigners, according to a recent announcement of the provincial Department of Construction.
Vietnam has for the first time been named a “Semi-Transparent” market in the 2020 Global Real Estate Transparency Index (GRETI) by Jones Lang LaSalle (JLL) thanks to the progress in its largest markets, HCM City and Ha Noi.
COVID-19 has had a strong impact on the global economy, and the property market has not managed to escape the blow.
Investors are looking for industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land and operating real estate, Jones LaSalle Vietnam Co Ltd said in a statement.
The Ministry of Construction has told the local construction departments to force property traders and exchanges to report cash transactions of VND300 million or more.
Record levels of foreign investment are now being poured into Vietnam's property sector.
In addition to an attractive salary and welfare benefits, working environment and space play a key role in attracting talent as well as improving work efficiency.