[NEWS] – Savills: Vietnam real estate is a bright spot in the region

The real estate market in Vietnam is a bright spot when placed next to other economies in the region.

This is the comment of Mr. Mark Ridley - Global CEO of Savills Real Estate Services Group - during his visit to the Vietnam market. He said: "In Southeast Asia, Vietnam is one of the strongest real estate markets that we approach next to Indonesia or Thailand, in which the residential, corporate, or Warehouses have strong growth potential.

"More specifically, Vietnam has a relatively favorable urban rate, about 41%. That means the market still has plenty of room to stimulate demand for urban real estate and accompanying services such as education. , health care, retail, and manufacturing Vietnam’s population is also at an ideal level from now until about 20 years from now With a young population, the demand for family housing is always high. The forecast also makes investors more confident when capital flows in here," said Neil McGregor - Managing Director of Savills Vietnam.

Commenting on the real estate market trend in 2023, Mr. Mark Ridley said that in the following year, one of the biggest challenges will be stabilizing the global supply chain so that construction activities can continue. The fight against inflation will also be effective and the real estate market will also adjust so as not to fall into oversupply.

According to Neil McGregor, next to that is the technology trend that will take the throne. During the two years of the pandemic, homebuyers have been able to view homes in virtual reality, or as the app Savills built, which connects managers with tenants and buyers via a mobile platform.

(Source: Collector)