HANOI (Xinhua): Vietnam's real estate prices rose by 59 per cent over the past five years, higher than the rate in many developed countries, according to a report of Global Property Guide cited by a report from Vietnam News.
Nguyen Quoc Anh, deputy general director of real estate trading website batdongsan.com.vn, said that real estate was considered the best-performing investment channel in Vietnam over the past decade.
The country's apartment returns reached 197 per cent while land plot profits yielded 137 per cent in the last quarter of 2024 compared to those in the first quarter of 2015.
He said economic growth, governance and social demand were the three main factors influencing real estate prices in Vietnam.
Vietnam is among the countries with the highest homeownership rate in the world at 90 percent, he said. - Xinhua
