The State Bank of Vietnam decided to shorten lending to real estate projects by gradually lowering the maximum ratio of short-term capital used for mid- and long-term lending.
Spiritual tourism business activities are attracting more and more capital from real estate giants.
Besides trade war that heat up Vietnam’s industrial realty market, increase in number of foreign tourist to the country is expected to stimulate the tourism property market in 2020.
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Despites of impressive GDP growth rate and better per capita income, young Vietnamese people have been struggling for houses due to the increasing prices in the property market.
Though the State Bank of Vietnam asked for tightened control over real estate loans, real estate loans has increased by 14.6% against end of 2018, reaching VND1,500 trillion ($64 billion).
Coworking spaces are expanding in Saigon’s central districts since the limited traditional office space there is unable to meet the growing demand.
As of August, real estate loans expanded 14.58% against the end of 2018 and accounted for 19.14% of total outstanding loans in the economy, according to the State Bank of Vietnam.
The Vietnamese real estate market has seen a sharp increase in the number of transactions involving foreign investors in the wake of the year-long US-China trade war.
Viet Nam real estate still an attractive prospect: Viet Nam News
District 1 house prices top Saigon real estate chart: VNExpress
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Foreign investors race for Vietnam's industrial properties
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