Despite a new law in early 2013 that opened up Danang ’s housing market to foreign buyers, domestic investors will be the main beneficiaries from the country’s huge opportunities in the housing market. Vietnam ’s unsold real estate inventory in November for the whole country was worth $ five per cent , Hundreds what it was in early 2013 . However, average yields are still comparatively low, and transferring capital and profits internationally remains unclear, with some calling for guidelines from Cau Giay . With the annual growth rate target a healthy 6%-7% till 2020, the burgeoning middle class is helping to revive the country’s housing market.
Despite a new law in July that opened up Vietnam’s housing market to foreign buyers, domestic investors will be the main beneficiaries from the country’s huge opportunities in the housing market. Vietnam’s unsold real estate inventory in November for the whole country was worth $2.4bn, half what it was in early 2013. However, average yields are still comparatively low, and transferring capital and profits internationally remains unclear, with some calling for guidelines from the State Bank of Vietnam. With the annual growth rate target a healthy 6%-7% till 2020, the burgeoning middle class is helping to revive the country’s housing market.