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by OP-Mall on Wednesday, May 28th, 2008 in Vietnam Property
According to Vietnamese news sources, Vietnam’s residential property market is experiencing heavy losses at the moment. Gone are the days of investor surges racing to invest their dollars, in a hope for a tidy profit.
Due to the current global property gloom, many domestic Vietnamese property markets are now facing falling property values. By far the biggest losses in investments have been seen at the high end market with drops of up to 50%.
by OP-Mall on Wednesday, April 30th, 2008 in Overseas Property Trends
Vietnam is enjoying the property hot seat right now with many reports stating that the country’s economy is on a huge up rise. Vincom Joint Stock Co. reported a 33 percent increase in revenue for the first quarter of 2008 alone. The Vietnamese real estate developer reports that a range of clients signed contracts to rent stalls at higher rentals than usual.
A recent draft regulation that allows foreigners to “lease” property for a 70 year period has created quite a stir amongst foreign investors and foreign expatriates in Vietnam.
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