Regardless of global uncertainties, domestic policy changes and market fluctuations, Vietnam’s real estate market will continue growing in 2017 thanks to a plethora of driving factors, according to Associate Professor Tran Kim Chung, deputy director of the Central Institute for Economic Management (CIEM). A year of improvement Despite short-term leveling offs, it is fair to say that the real estate market had a good 2016, even improving since 2015, as mirrored by many indicators, such as market liquidity, prices, and the number and scale of new projects. First, market excitement was maintained throughout the year and across all property segments. In particular, data from the Vietnam Real Estate Association shows that in October 2016 alone there were some 1,300 transactions in Hanoi, up 18.2 per cent on-month, while the figure in Ho Chi Minh City was 1,255 transactions, up 16.7 per cent on-month. Also notably, 2016 saw the debut of many attractive products, for example timeshare condotels which saw vigorous trading on the market. Second, the price level of products experienced a not-so-drastic increase, especially in the upper-medium bracket. A considerable number of projects were offered at VND50 million ($2,200) per square metre, while some went as high as VND80… Read full this story
- Perth counts cost of freak storm
- UK weather forecast: Storm Jorge to lash Britain with 70mph winds for second day
- The 'fortress firms' best placed to weather the coronavirus crisis
- Severe storms and tornadoes in Texas damage homes and property
- Britons are warned not to travel by train as Met Office upgrades Storm Ciara warning with 80mph gales set to hit south on Sunday amid five days of fog, snow, lightning, rain and -5C chills
- Coronavirus and real estate: Headwinds strong but property market fighting back
- UK weather: Hundreds told to 'leave homes immediately' as more rain set to cause chaos
- Storm Dennis triggers record number of flood warnings in England
- Oklahoma Weather Warnings in Place for Severe Thunderstorms and Hail 'Up to the Size of Nickels'
- Norwood Braces For High Winds, Flood Watch
Property weathers the storm have 330 words, post on www.vir.com.vn at January 15, 2017. This is cached page on Vietnam Art News. If you want remove this page, please contact us.