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Real Estate Briefing - Categorized | Asia Pacific, Developers, Finance, Market Moves more

VietNam: Property market prices cool

Posted on 13 October 2008

From Vietnamnet.vn: Builders are trying to attract prospective house buyers to take advantage of the recent drop in prices in the real estate market. According to market research experts, property prices have fallen by 40-60 percent compared with the days following Lunar New Year, when Ho Chi Minh City’s property market was on the rise.

In the past few months, prices have been at a standstill. Small-time speculators, or short-term investors, who snapped up property when the real estate market was doing well, are now selling out to repay debts and fleeing the sector as banks have tightened property loans….. Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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