|
Survey predicts real estate will soon recover
Viet Nam’s real estate market is forecast to recover between 2010 and 2011, according to a report released on Tuesday by the Vietnam Report.
The report, entitled Viet Nam’s Real Estate Market in 2009 and Prospects for 2010, surveyed more than 35 property firms and 500 consumers and experts in Ha Noi and HCM City.
According to the survey, 57 per cent of real estate firms anticipated that real estate prices in big cities would remain unchanged while 43 per cent believed that prices would sharply rise.
As many as 43 per cent of surveyed people in Ha Noi believed that the real estate supply would increase strongly while 57 per cent thought there would be a modest growth rate. The rates are 28.6 per cent and 71.4 per cent ,respectively, in HCM City.
Up to 61.5 per cent of surveyed consumers said they would purchase property for residential purposes with 11.5 per cent buying for short-term gains and 27 per cent for longer-term returns.
Seventy-two per cent of surveyed firms forecast that the market for apartments would see no significant change in the short term while 14.3 per cent believed it would increase in value. Specialists also anticipated the market would not change significantly.
Nearly half of the surveyed firms and a majority of the experts also anticipated that the office-for-lease market would decrease in the short term due to the impact of the economic downturn.
Land prices in urban residential areas, especially suburbs, are expected to rise sharply in the short term, according to the report.
vietnamnews
|
