Vietnam housing market to get busier on foreign demand rebound, urbanisation

ACTIVITY in Vietnamese residential real estate is expected to pick up in the coming years as the urban population swells and foreign buyers gradually return to the nation’s property market, industry players told The Business Times (BT).

David Jackson, chief executive of Colliers in Vietnam, highlighted the country’s continued strong economic growth, rising middle-income class, improved purchasing power, and rapid urbanisation rate.

Furthermore, demand outweighs supply in every real estate market segment in Vietnam, with “high levels of capital appreciation”, he said.

Savills Vietnam deputy managing director Troy Griffiths sees urbanisation as the key forward indicator for the residential market, as growth in urban areas will require a diversity of products. Proportionally, the country…

A NEWSLETTER FOR YOU

Friday, 8.30 am

Asean Business

Business insights centering on South-east Asia's fast-growing economies.

Sign Up