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Reasons why Vietnam’s real estate market has been stuck in such difficulties

Posted on 02 April 2013

Difficulties in real estate market in the second half of 2011 have extended till the end of 2012. All regions and segments experienced lack of liquidity; many businesses went bankrupt, and many brokers gave up their jobs, etc. The confidence in the market hardly increases even when investors decrease property prices and provide buyers with many great deals.
First of all, difficulties of the macro economy should be mentioned. Vietnam’s economy in particular and the global one in general continue to face recessions and crises. In 2011 and 2012, the fact that businesses made lower profits led to limited investments in the real estate market. Many people had to sell their properties to address difficulties in other businesses………………………………………..Full Article: Source


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


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