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Friday, April 26, 2024 3:53:24 PM - Markets open
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Economic recovery, new laws prop up property market
vietnamplus.vn - 7/23/2015 5:00:00 PM
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A steady economic growth rate, the new Property Business Law and the revised Housing Law, which took effect on July 1, are encouraging the recovery of the property market which has suffered a long period of downturns.

Statistics showed since the beginning of this year, 5,137 flats have been made available in the market, up to 1,518 of which are considered high-grade.

Despite an increase in prices, around 4,480 high-class flats were sold in the second quarter, up 80 percent against the same period, and accounted for about 22 percent of the total transactions in the first six months, as compared with 6 percent in 2013 and 18 percent in 2014.

Prices of luxury flats are also rising, increasing from 4-6 percent from one year ago, especially for projects with advantageous locations.

Meanwhile, there was a decline in the real estate market’s segment of plain flats with the number of transactions accounting for only 26 percent, a strong drop from 49 percent in 2013 and 33 percent in 2014.

According to experts, the luxury real estate market will continue to grow with positive economic prospects and key infrastructure projects.
Newer News
19/04 Ministry requests Hà Nội to inspect rising prices of apartments
17/04 Real estate market has positive performances in Q1: VARS
05/04 Developers must verify with foreign homeowner's database before sales
28/03 Management of real estate brokers to be tightened
23/03 HCM City real estate market to recover in H2
23/03 Industrial real estate emerges out of storm
18/03 Lots of ground to cover to build 130,000 social housing units this year
12/03 Deputy PM urges resolving price manipulation for healthy real estate market
12/03 Limit set on interest rates of loans for social housing
21/02 Experts upbeat about real estate prospects
Older News
20/07 Retail property sales climb in two main cities, but not rents
17/07 Resort property market revival woos realty big guns
15/07 Recovery in Vietnam's property market is real: official
15/07 Hanoi faces office and condo oversupply
14/07 Finances, incentives lacking for social housing: Minister
 
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