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Hanoi: real estate is lively with significantly increased transactions

CBRE Vietnam recently announced a report on Hanoi real estate market in 2nd quarter 2014, in which stated that the number of transactions increased by 60pct quarter-on-quarter with 2,500 apartment units sold while the average apartment price slightly increased by only 0.2pct quarter-on-quarter. According to Richard Leech, executive director of CBRE Vietnam, not only in Hanoi and HCMC, investors in other provinces also believe that the real estate was being recovered so they invested strongly on finished projects where home-buyers could move in immediately. The factor that helped improve the number of property transactions was banks’ housing loan program with preferential interest rate.

 

Source: Thong Chi – Lao Dong