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Property market in Vietnam slowing due to high rates and lack of lending

Posted on 28 October 2011

High interest rates are slowing down the residential property market in Vietnam as potential buyers find it difficult to get loans, it is claimed.
According to CapitaLand Limited, Southeast Asia’s biggest property developer, buyers cannot get bank financing as interest rates have soared to 22.42%, one of the highest in the region………………………………………..Full Article: Source


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