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. That is one reason private investor Nguyen Thi Phuong Lien is venturing out to neighbouring Vinh Phuc province, where the Flamingo Resort sits on the banks of the scenic Dai Lai Lake. 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 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.