11/09/2019

HIGHLIGHTS OF VIETNAM PROPERTY MARKET REPORT AUGUST 2019

VIETNAM PROPERTY MARKET REPORT AUGUST 2019

Hanoi and Ho Chi Minh City lack of opportunities, so real estate investors are rushing to the province

One of the major and continuing challenges in the real estate market in the first 8 months of 2019 is that the authorities review the procedures, land fund, and project legislation causing the supply and transaction to decline in large markets such as Hanoi, Ho Chi Minh City, Da Nang, Nha Trang … are limited in new supply while the provincial markets are vibrant with a series of projects, strongly attracting investors.
Tension the us – middle ‘make fire’ into industrial real estate

The US-China trade war has prompted businesses to accelerate the relocation to industrial areas in ASEAN, including Vietnam.
Provinces and cities must publicize land planning schemes

The content of information posted in construction and urban planning projects includes approval decisions, current status maps, spatial organization of landscape architecture space, land use planning maps, and maps traffic map, brief explanation …
It is difficult for Vietnamese to buy houses because of the rapid rise in land prices

In the past three years, the land price has risen at the lowest rate of 1.5-2 times and the highest at 3-4 times, so on average, the land price is doubling. During this period, if the Vietnamese only save and expect to increase their income to buy a house, the dream of owning real estate is unlikely.
Resort real estate turned to popular hunting