Sharing this point of view, Kenneth Atkinson, Executive Manager of Grant Thoron Vietnam, said real estate prices in Vietnam are too “tense” now and Vietnam has its own prices.
“To have land for construction, investors have to pay huge sums. There are a handful of local investors who are able to join the market. Most of them are doing business by banking loans. Meanwhile, to achieve its goal of controlling inflation, the Vietnamese government is tightening credit for real estate traders. By chance, this easy prey runs to the pockets of some foreign groups,” Atkinson warned.
