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CBRE: Exchange rate increase not affect greatly on foreign capital flow to Vietnam real estate

Regarding of the effects of the recent modification of VND/USD exchange rate on Vietnam real estate market, Nguyen Hoai An, Deputy Head of CBRE Vietnam has shared her opinion about the matter. According to a CBRE's survey, the market is not affected greatly by foreign capital flow, since domestic investors accounted to 90pct of apartment supply, and the market is oriented to mainly meet demand of Vietnamese home-buyers. Meanwhile, foreign customers also benefit from VND devaluation when buy housing in Vietnam, and they care about factors like project's location, investor's reputation, infrastructure, construction quality more than definitions like segments or market shares.