VNE – By Ngoc Diem January 8, 2024 | 07:00 pm GMT+7

Apartment buildings to the west of Hanoi. Photo by Ngoc Thanh
Real estate lost its attractiveness and was not the leading asset class in 2023, according to the Vietnam Association of Realtors.
Speaking at the 2024 real estate forum organized in Hanoi last Friday by the association, its president, Nguyen Van Dinh, said: “The fall of real estate stemmed from uncontrolled development and lack of transparency and safety in the market over a long period of time.”
Between May 2022 and the end of 2023 the property market saw thousands of projects being suspended and many businesses shutting down with 80% of brokers quitting their jobs.
Tiếp tục đọc “With no recovery in sight, real estate loses sheen as asset class”

