Savills is upbeat about Vietnam's realty market this year
He said, although the market may be sluggish during the first half of the year, much will depend the results of the National Assembly’s parliamentary elections on May 22.
Signs for optimism, he says, are rapid urbanisation and a young population, as well as a growing middle class with the ability to buy homes and disposable income.
According to Savills, this year will see increased development in commercial real estate, largely because of the growth in the retail sector, which has seen new development of distribution and delivery systems. There is also an increased demand for goods and services, Griffiths says.
He added that Vietnam should actively compete with other Southeast Asian countries to attract more investors to the real estate market here.
He did add a warning, however, that investors should make their decisions carefully, paying close attention to how the national and global economic situation develops.
Source: dtinews
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