The real estate market] has contributed an important part to ensuring economic growth and social security, but besides the positive results there remain a number of weak points,” Minister of Construction Nguyen Hong Quan said in an interview with VnEconomy News.
2012 will be a good year for real estate investors despite the difficulties on the horizon, said real estate service firm CBRE.
Vietnam is seeing a high demand for low cost housing but property price rises are one of the biggest obstacles to this fast growing sector, according to analysts.
There are optimistic signs of investors coming back to the real-estate market in HCM City after the State Bank of Vietnam (SBV) announced to lower interest rates.
Bank for Investment and Development of Vietnam (BIDV) will provide VND2 trillion as middle and long-term loans with preferential rates for developers of housing projects for low-income earners and workers at industrial parks.