According to the Vietnam Real Estate Association, the number of newly-established businesses in the field rose 80% in the first 10 months of this year.
Foreign investors have flocked into the sector, accounting for 11% of total capital inflows into the country.
Domestic investors are placing high hopes on a breakthrough in the market's recovery after Vietnam completed negotiations for the Trans-Pacific Partnership. Real estate is apparently becoming more attractive as a form of investment compared gold or deposits, stocks or foreign exchange.
