Property price surge to halt after reopening

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Properties in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

 

There won’t likely be an immediate surge in real estate prices following economic reopening as it would take 6-12 months for the market to regain its vibrancy, experts say.

 

Once the ‘living with Covid-19" scheme has been activated, the property market would not post growth until the second or even last quarter next year, said economist Dinh The Hien.

 

No market sees prices increase forever, he said, adding there had already been a surge in property prices between 2016 and 2019, and from 2020 to the end of the second quarter this year.

 

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