According to a report by the National Association of Realtors (NAR), the median price for an existing home in the US in June hit an all-time high of $363,300. This price mark marks 112 months of consecutive increases in home prices in the US over the same period, despite the pandemic situation around the world.
Similarly, house prices in Hong Kong, where real estate is the most expensive in the world, has also risen to a record high. In just the first week of August, home resale prices here increased by 0.65%, according to Centaline Property Angy. Since the beginning of the year, the city's residential property prices have increased by 8.6%, prices beyond the reach of Hong Kongers.
According to experts, tight supply is the main reason why house prices in these countries have pushed up, while the demand for real estate ownership remains strong. This is also one of the factors motivating foreign investors to turn to other emerging markets, including Vietnam, to diversify their investment portfolio, with affordable prices and great potential. develope.
Urban areas with all-in-one utilities, modern living space... are attractive to foreign investors. Photo: Ba Khanh
According to Savills Hong Kong, Vietnam is still an attractive investment destination for foreign investors, such as from Japan, Korea and Singapore. According to statistics from the Ministry of Planning and Investment, in the context of complicated developments of Covid-19, foreign direct investment (FDI) in the first 7 months of the year still reached 10.5 billion USD, an increase of 3. 8% over the same period last year. In which, FDI poured into real estate reached US$1.16 billion, ranking third in the fields attracting the most investment capital, with major partners from Korea, Japan, Singapore, and Indonesia.
Besides, real estate stocks also received great interest from foreign funds such as Dragon Capital, VinaCapital or PYN Elite Fund, with large proportions of transactions and investments in real estate stocks.
According to experts, the capital management policy is attractive to foreign investors, creating a great attraction for Vietnamese real estate. Accordingly, many legal barriers are being actively removed, and the Government creates opportunities for foreign enterprises to participate in land auctions.
The investment environment and competitiveness of Vietnam have also been significantly improved. Previously, while the epidemic was still complicated, Vietnam was the only country in the world that was upgraded to a positive rating by all three international credit rating agencies, including Moody's, S&P and Fitch.
With the outbreak of Covid-19 for the 4th time, Savills experts believe that, in the long term, investors, especially foreign investors who have not yet operated in Vietnam, still pay great attention. to the real estate market. During the epidemic, due to many reasons such as travel difficulties that prevented them from successfully completing the deal, when the pandemic is over, this investment wave will continue to hit the market. Projects located in satellite areas with space and space to develop synchronous infrastructure and utilities will be the focus of investment attraction.
"Despite the complicated developments of the epidemic, investment preparation activities are still very exciting from investors and large investment funds. Especially, these activities are not only focusing on the market of big cities such as Hanoi or Ho Chi Minh City but also developing into neighboring cities.This is a long-term investment move of real estate investors in locations with space. good development," said Ms. Do Thu Hang - Senior Director, Research and Consulting Department, Savills Hanoi.
According to Vnexpress
