Wednesday, October 24, 2007

Speculation causing real estate market fever

The market is now witnessing a virtual fever, and it is because of state management authorities’ shortcomings in using financial tools to regulate the market. It is clear that people are rushing to purchase apartments not to live in them, but to resell to get profit, because they believe that house prices will increase further. In fact, those who have actual demand for accommodation cannot afford houses and apartments with such high price levels

Vietnam Real Estate News

Chao Vietnam Properties