Increased Residential Spending to Boost Vietnam Housing Market

Sept. 21, 2011 - PRLog -- According to our new report, “Vietnam Housing Forecast to 2013”, the Vietnamese housing market has witnessed a strong growth over the past few years due to economic boom, rapid urbanization, and increasing number of households. In 2009, around 47% of the population had permanent houses in 2009 and around 92.7% of households were self-owned in the whole country. Hanoi and HCM City are the hubs for the housing projects in the country and large number of players is engaged in development of cost-effective housing models. HCM city is targeting to build 39 Million Square Meters of new housing units during 2011-2015 to meet the demand-supply gap.

We have found that Vietnam is one of the fast emerging global real-estate markets driven mainly by supportive government policies, improving living standards and rapid urbanization. Backed by all these prominent factors, it is estimated that residential spending will grow at a CAGR of about 6% during 2011-2013. The rising number of expatriates will provide an additional impetus for growth in the residential spending.

The report, “Vietnam Housing Forecast to 2013”, analyzes the varying factors that effectively show the presence of strong growth opportunities for real-estate developers as well as service providers in Vietnam. Finding that the role of the government and Ministry of Construction (MOC) is an important factor in the Vietnam housing sector, the report investigates all the key regulatory developments in recent times. Moreover, the report provides an optimum analysis on the price and affordability factor associated with housing market in Vietnam.

The report is an outcome of an extensive research and prudent analysis of the Vietnam housing market that evaluates all the key aspects of the market landscape and investigates the current market trends. The report also provides a future demand outlook of the housing in the country and utilizes proper methods to come at such picture. Overall, the report is well suited to clients interested in Vietnam housing market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM257.htm

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