Interested in investing in Vietnam? Contact the CVR team for more details on available properties today! About 80% of real estate businesses are closed or suspended.ĬVR believes that now is a good time to invest! The price of real estate is going down but will likely increase in the next year. Moreover, Covid-19 dealt a new blow that made a difficult situation even more serious.Ģ) Budget revenues decreased, causing many real estate companies to dissolve.Ī report from The Department of Housing Management and Real Estate showed that the impact of Covid -19 has caused many companies to retain only about 50% of staff. The housing project supply is severely short due to more strict policies regarding the legality of projects. In an article titled “ How did Covid-19 cause the real estate market to fluctuate in the first 8 months of 2020?”, the author highlights that the Covid-19 pandemic has weakened the performance of the real estate market and negatively affected budget revenue in the first eight months of 2020.ġ) Supply and trading drop with no brake: “CVR: Western Management – Local Knowledge” We believe that local knowledge is the key to making the best possible decision and that’s what we offer to all our clients. You will find a summary, link to the source as well as CVR’s take on the article. We will be focusing on issues related to Da Nang and Hoi An, while also looking at national news and their possible impact for Central Vietnam’s property market. In this weekly or sometimes bi-weekly news flash – CVR: Central Vietnam Realty will provide a choice of articles from mainly Vietnamese media sources related to real estate market in Vietnam. Week 38/2020 – Central Vietnam Real Estate News Summary