Whilst the property market is still suffering a hangover from the past two years, there are a number of key indicators that will have a positive effect on the market.
* The State Bank of Vietnam (SBV) has announced that it will reduce key policy rates by 1 percent.
* Inflation has been on a downward trend for some months and is set to stabilise in 2012.
* The stock market has been one of the world's top performing equity markets so far in 2012. The benchmark index for the main bourse, the HCM City Stock Exchange, has seen in excess of 20 percent growth so far this year.
Due to a downturn in the market over the past two years, we believe there is a huge amount of pent up demand for real estate, in addition, the number of International Investors contacting Knight Frank has risen dramatically over the past 6 months. For these companies Vietnam, alongside China and India are all on the radar.
Investors will have an opportunity to purchase assets in all sectors for prices considerably lower than two years ago and with a large number of developers with deep financial burdens keen to off load their assets, therefore, we anticipate 2012 will see increased activity.
Stephen Wyatt, Country manager for Knight Frank Vietnam commented "The difficulty for most investors is timing, predicting the future trend of the market and knowing that they are not buying at the "top" of the cycle. As with any property investment anywhere in the world, the key is location and understanding the market. There is no question that Vietnam still offers huge upside for any investor over the medium to long term. We are seeing strong demand for many of the investments, land and developments sites that we are currently selling. With renewed optimism and a return of confidence, 2012 is the time to start looking at investing In Vietnam". - Source: VCCI News
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