Delay seen in Vietnam housing recovery: CBRE
Families struggling to access affordable loans; confidence in economy lagging
[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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US renters seeing chance of owning a home at record low: NY Fed survey
Shenzhen eases home buying to revive sales in China tech hub
Far East Orchard looks to sell Rendezvous Hotel Perth Central for A$18.5 million
Lendlease Global Reit’s committed portfolio occupancy rises to 88.8% in Q3
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
China home sales slump 47% over May Day holiday vs 2023