Demand for property in Vietnam fuelled by urbanisation
Vietnam represents one of the more interesting locations for foreign investors looking to buy property in south-east Asia.
That is according to Rhiannon Williamson, director of property investment website Amberlamb.com, who maintained that demand for housing in Vietnam was being fuelled by urbanisation.
She noted that property prices in Ho Chi Minh City had seen particularly significant increases.
She said: "The nation is benefiting from urbanisation, as there is a growing local affluent class seeking real estate to buy and rent and this is fuelling demand and development considerably; this translates into opportunity for investors.
"In Ho Chi Minh City where demand is at its most intense, property prices have doubled in the past year."
Ms Williamson added that high grade apartments in the city could now fetch $3,500 (£1,782) per square metre.
Around $20 billion (£10.2 billion) of foreign capital is expected to be invested in the Vietnamese property market this year, according to AseanAffairs.com.
Overseas Property News posted on 25/02/2008 14:09:11
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