Property market anticipates trillions in investment

Property market anticipates trillions in investment

The Vietnam Association of Realtors (VARs) predicts that recent interest rate cuts by the State Bank of Vietnam (SBV) could result in trillions of dong being invested in the property market. Despite the central bank’s tightening of monetary policies and recent market downturns, investors may seek out good deals in the property market.

This influx of capital could provide a lifeline for the market and the industries that rely on property sales, such as construction materials, machinery, equipment, furniture, and labor. The government has indicated that additional policies will be implemented in the second quarter of 2023 to provide more funds to the market. In the meantime, local authorities have been urged to address legal bottlenecks to allow property projects to proceed. Developers have taken steps to meet market demand, and factors such as reduced interest rates and commercial banks’ provision of capital injections favor the market’s recovery.

The VARs Chairman, Nguyen Van Dinh, believes that the market could enter a recovery phase soon, as properties are traditionally the preferred investment channel among Vietnamese investors. He encourages investors to look for good deals, as prices have cooled down significantly. The market may see an opening up of monetary policy by the central bank and the government by the second quarter of 2023, with capital inflow expected by the third quarter. Reports from property brokers indicate positive signs, with more transactions and requests for information from potential buyers. This may suggest a return of investor confidence in the market.

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