|
Flats, land still best investment choices: Survey
The Viet Nam Report Joint Stock Company (Viet Nam Report) on Mar. 18 released the results of its survey on 2011 housing market trends and demand in the capital city.
In the survey, Viet Nam Report found that apartment and land remained the first choice for private investors and consumers.
The company said about 47 per cent of consumers whose income was under VND20 million (US$950) per month wanted to buy an apartment, while an additional 26 per cent said they preferred housing and land.
When being questioned about how they would source the money to buy a house, about 45 per cent of those questioned said they would ask a bank for loans, while another 25 per cent bought houses outright with their own money and 30 per cent said they planned to borrow money from other sources.
In the survey, researchers found that there was a difference between people with income of under and over VND20 million per month. Higher earners said they would borrow up to 30-50 per cent of the house's value, while lower earners would only consider loans of up to 20 per cent of the property's value.
About 67 per cent of the companies taking part in the survey believed that housing supply in Ha Noi would strongly increase within the next two years. They also said demand for houses worth less than VND1.5 billion ($71,000) would significantly increase in 2011.
The survey questioned some 400 consumers and private investors in the capital, with 10 banks and 20 companies and experts from property sector also taking part.
vietnamnews
|
