The real estate market in 2020 is likely to face multiple challenges, Nguyen Tran Nam, chairman of the Vietnam National Real Estate Association (VNREA), told the 2019 Vietnam Real Estate Forum on Wednesday.

Despite facing difficulties and challenges, the Vietnamese real estate market is developing stably, positively, and professionally.

Vietnam’s tourism real estate market has the potential for strong development, but utilities and services are needed to attract investors, heard a recent seminar organised by the Vietnam Real Estate Association (VNREA).

 VietNamNet Bridge – The total value of property inventories nationwide by mid-August had dipped by VND14.93 trillion, or 29.34%, against December last year to VND36 trillion (US$1.6 billion),

 VietNamNet Bridge – Despite the high number of sold units in Hanoi, the real estate market in the capital has seen a remarkable increase in the number of available properties during recent months,