Will Vietnam’s Real Estate Market Recover in 2012?

Because the bottom fell out of Vietnam’s property market last year, foreign investors such as Indochina Capital, VinaCapital, Dragon Capital,  and CapitaLand are looking to capitalize on the opportunity for distressed real estate deals.

High interest rates and inflation along with Vietnam’s other considerable economic challenges caused more than a 10% drop in prices and a bigger decline in property sales — down in Ho Chi Minh City from 10,213 in the first nine months 2010 to 5,470 in 2011.  Local property investors say early 2012 is the best time in four years to buy property.

Particularly attractive from an investment standpoint are projects that were partly constructed in better times and now are struggling for financing to be completed.  

More on Vietnam’s collapsing real estate market

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