Property market to be strong in 2022: analysts

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

 

The property market is likely to make a strong recovery in 2022 amid economic rebound, according to analysts.

 

"Vietnam’s economy is forecast to grow at 6-6.5 percent next year," economist Can Van Luc said at a conference on real estate on Dec. 13. "If economic recovery programs are well implemented, GDP can grow by 6.5-7 percent. Economic development will help push up realty demand".

 

Other contributing factors include the 2021-2030 national housing development strategy that is being finalized, investment in infrastructure, which is regarded as one of three strategic breakthroughs, speeding up of public investment, steady resolution of legal issues affecting property development, and rapid urbanization, he said.

 

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