In the last months of the year, the property market is expected to be even busier thanks to more cash flowing into the market, including capital from banks and remittances.
According to the National Financial Supervisory Commission, capital flowing into the property market under consumer loans has increased significantly since the beginning of the year. Total outstanding consumer loans increased by 58.6% over the end of 2016.
Meanwhile, remittances to the southern metropolis of Ho Chi Minh City reached over 3.3 billion USD. Of this amount, about 22% was invested into real estate.
