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local property market

Update news local property market

Clear rules for foreign property ownership to come out soon
Vietnamnet global

Clear rules for foreign property ownership to come out soon

 VietNamNet Bridge – The Government is expected to issue a decree guiding the implementation of the 2014 Housing Law soon to make it easy for foreigners, particularly overseas Vietnamese, to own houses in Vietnam.

Developers remain uncertain of local property market
Vietnamnet global

Developers remain uncertain of local property market

 VietNamNet Bridge – Viet Nam's property market is revising but depending too much on the financial market, which makes investment still risky, so developers should take prudential steps towards the market.

Banks offer property market credit
Vietnamnet global

Banks offer property market credit

VietNamNet Bridge – A credit package worth VND120 trillion (US$5.7 billion) would help develop the local property market, said Phan Thanh Mai, general director of the Viet Nam Bank for Construction.