A press conference by CBRE Vietnam attempted to answer this question and others following their research into Vietnamese real estate conditions.
As the USD deposit rate has been reduced to 0%, experts believe that customers may have to pay fees for USD deposits. This, in conjunction with incoming remittances, leads to more USD in the market. The question is: ‘Does this mean opportunities for the real estate sector in 2016?’
2015 saw over 21,000 successful property transactions, and land values recover from 7-10%. According to experts, 2016 will see many exchange rate fluctuations. However, foreign investors are confident about real estate prospects this year.
According to CBRE, 80% of real estate capital has domestic origins. Therefore, USD exchange rate policies will not significantly affect the real estate market. However, this could result in many USD holders purchasing property as a new domain of investment.
