| The real estate market is now frozen and investors hoping to make quick profits from “surfing” in this market cannot do anything, especially in Hanoi and HCM City. Although there is still a great demand for real estate, there are few successful transactions. The situation is attributed to policies to contain inflation and high interest rates, which have had a great impact on the real estate market.
A number of real estate projects have even offered promotional discounts on purchasing prices. Nguyen Huu Cuong, President of the Hanoi Real Estate Club said that almost all current real estate projects are incomplete and lack sources of capital.............................................Full Article: Source
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