CBRE''s report on the property market in the first quarter of this year stated that condominium prices in HCM City witnessed hardly any significant changes. Meanwhile, the majority of new supply in Hà Nội continued to focus on the high-end...
Vu Hong Thanh, Chairman of the NA''s Economic Committee, said the assembly welcomes opinions from economists, businesses and people from all walks of life regarding ongoing issues related to the property market.
Several key construction materials have seen a sharp price hike during the first three months of 2022, putting significant pressure on property prices, according to the Vietnam Association of Construction Contractors.
The country’s real estate prices has still been increased rapidly despite the difficulties caused by the COVID-19 pandemic in the past two years, which reduced the income of the majority of the population, experts said.
Real estate prices in 2021 are expected to increase by 10 per cent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Viet Nam Real Estate Association (VNREA).
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 real estate sector in the central province of Quang Ngai has strong potential to grow, thanks to its geographic attributes but still-low property prices that appeal to investors.
Although the new land price framework in HCM City has only recently
taken effect, some brokers have taken advantage of the change to
increase property prices, according to Thoi bao kinh te Sai Gon (Sai Gon
Economic Times) newspaper.
Vietnamese people still find it hard to buy a house due to their very
low salaries, even though the property prices are not high, said Nguyen
Tran Nam, deputy minister of construction.