26.05.2010 - Real estate bubble taking shape in Vietnam?
From Vietnamnet.vn: The land prices in some areas in Hanoi, especially in Ba Vi area, have been skyrocketing over the last month. Experts have warned about a ‘bubble’ which may do harm to the real estate market. Experts have every reason to worry about the new ‘land price fever’ as land prices in some areas in Hanoi have increased by 35-40 percent, while the number of successful transactions has increased by 25-30 percent. Ba Vi area proves to be the ‘hottest’ area in Hanoi, when all people rush to purchase land in the area..............................................Full Article: Source
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