FDI, GDP growth, interest, slow stock market and policies have been the influencers of the real estate market ...
FDI, GDP growth, interest, slow stock market and policies have been the influencers of the real estate market in the first 6 months of 2018.
1. FDI investment into real estate market surged
According to the statistics of Foreign Investment Bureau of Ministry of Planning and Investment, in the first 6 months of 2018, total FDI investment accounted for USD 20.33 billion, demonstrating a yearly increase of 5.7%.
2. GDP growth
GDP witnessed a yearly increase of 7.08% in the first 6 months of 2018. The increase shows stable growth of Vietnamese economy. This leads to the incline of GDP per capita.
3. Real estate credit
The state bank has tightened loans. This makes difficulties towards small investors. Project that has low fund and small investors will face obstacles and would be gradually eliminated.
4. Stock market
In the first 3 months, stock market maintained increasing momentum from late 2017 and peaked in March 2018.
5. Policies
In the first six months, real estate market has seen big movements after decisions, policies of the government in controlling land fever and stopping switching land purpose.