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.