Realty market outlook gloomyProblems in planning and large gaps between land prices and incomes will pose challenges for the property market over the next few years, experts said. According to President of the Viet Nam Real Estate Association Nguyen Tran Nam, housing prices are still far beyond the incomes of a majority of residents. According to Numbeo, a crowd-sourced global database, Viet Nam’s property prices were the fourth highest among 99 countries on property price to income ratio coming after Venezuela, Syria and Hong Kong. Experts at a conference late last year warned about the widening gap between housing prices and incomes. Organisations, individuals allowed access to housing database Organisations and individuals can access the database of the housing and real estate market for free from the beginning of this month.

Source: VietNamNet News February 04, 2017 04:52 UTC