Vietnam was listed among top five emerging markets for real estate investment last year, the Washington-based Association for Foreign Investment in Real Estate (AFIRE) said in its latest survey released on January 3.
The 19th Annual Survey of AFIRE showed that, for real estate investment, the number one emerging market is Brazil, followed by China, India, Vietnam and Mexico.
Vietnam was unranked in 2008.
Kathryn Hamilton, spokesperson for AFIRE, said the survey was conducted among association members in the fourth quarter of 2010 by the James A. Graaskamp Center for Real Estate at the Wisconsin School of Business.
There are over 180 AFIRE members representing 21 nations. Members that responded to the survey hold more than $627 billion of real estate globally, including $265 billion in the U.S., Hamilton said.
Peter Ryder, managing director of Indochina Capital, told the Thoi bao Kinh te online newspaper as attributing the AFIRE’s ranking for Vietnam to the country’s rapid development and opener regulations allowing more active foreign investors.
In the current context, Vietnam’s realty market has shown its internal attractiveness and economic recovery supported by rapid urbanization and creation of a new medium-class.
Despite the investment environment in Vietnam is challenging, your real estate market still is appealing much attention from global investment institutions, he said.
He predicted Vietnam’s commercial property and housing market to see a positive momentum till 2012.
Vietnam’s urbanization has continued expanding, demand for housing and retail commercial systems will keep surging, which both are the fields Indochina Capital will give priority to invest, he added. (VnEconomy)
Vietnamese
