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Real estate

Real estate slump lengthens as buyers choose to wait

Submitted by myvietnam on Mon, 05/03/2010 - 16:31

The local real estate market has been struggling for longer than expected as prospective home buyers opt to wait for prices to drop further, industry insiders say.

They said high lending interest rates of up to 17-18 percent in recent months have discouraged many people from taking loans to buy houses.

Foreigners hold 90 percent of real estate service market

Submitted by myvietnam on Mon, 04/19/2010 - 06:59

The real estate service market (marketing, distribution, assessment, investment consultancy and real estate project management) is now in the hands of foreign companies.

Foreign control

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