The Vietnam housing sector has been growing at a rapid pace over the past few years owing to increasing rate of urbanization, strong demand, rising number of households, and high investment. In 2010, around 30.3% of the population was living in urban areas and this proportion is likely to reach nearly 32.3% by 2013. The number of households is also likely to grow at a CAGR of around 3% during 2010-2013. Despite the after-impacts of recession, the country has effectively witnessed a significant growth in its housing sector. The demand and supply of housing units has met the expectation of large population, especially in cities like Hanoi and Ho Chi Minh (HCM) City as these two regions have recorded high GDP growth.
Besides, the presence of major realtors, developers, and large population (these two cities have the largest population in the country) have contributed to splendid growth in the residential segment. The supply of housing products has effectively grown in these cities, and it is expected that together they will contribute a good share in housing demand in future.
The report, “Vietnam Housing Forecast to 2013”, offers an in-depth analysis of the Vietnam housing sector and focuses on all the key aspects to interpret market structure and demand potential. The report investigates the key factors responsible for the market growth and further illustrates their impact on future demand. It also provides an effective insight into the macroeconomic condition of the country and discusses about the key topics such as urbanization and population growth.
The report makes an attempt to figure out the future outlook of housing demand, thereby providing clients with investment attractiveness quotient of the Vietnam housing sector. To forecast the future scenario, the report has used proper base and methods and at the same time, it has also analyzed the relative importance of each factor. Overall, the report is an outcome of extensive research and prudent analysis and is meant to offer suitable knowledge base to those who are interested in Vietnam housing sector.
