Delay seen in Vietnam housing recovery: CBRE

[HANOI] Vietnam's property market rebound from a three-year slump may be delayed until 2015 as families struggle to access affordable loans and confidence lags, according to CBRE Group.

Only 1,500 condominiums were sold in Hanoi in the first quarter, according to CBRE.

While that's a fivefold increase from the 279 sold in the same period two years ago, it's still down from the peak in 2009, when more than 15,000 units were sold in the capital city.