Housing attractive for foreign developers
The flow of foreign capital invested in real estate in the first four months of the year has been impressive, but the domestic market has not yet fully recovered.
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The flow of foreign capital invested in real estate in the first four months of the year has been impressive, but the domestic market has not yet fully recovered.
Overlaps and holes in laws related to the real estate market are continuing to prevent foreigners from buying houses in Vietnam, legislators have been warned.
Pressured by the global downturn, in the domestic market, there were fewer merger and acquisition (M&A) transactions in Vietnam’s real estate in 2023, with a lower total value than in 2022.
Mergers and acquisitions between domestic and international real estate developers were down in the first half of the year, but could be a future bright spot with Vietnam boasting attractive economic fundamentals and investors biding their time.
New supply in the industrial real estate market will slow in the second half due to the influence of legal procedures as well as a decrease in demand from the manufacturing industries.