Real estate for rent is bright spot for Vietnam property in 2022

Work to be done: A woman walks past an old villa in Hanoi. The government is actively pursuing the renovation and rebuilding of old apartments and houses, and reviewing the funding for the implementation of social housing projects. — AFP

HANOI: Vietnam’s leading real estate trading website, batdongsan.com.vn, says the domestic rental market had a bright start to 2022 before declining in the second quarter.

Nguyen Quoc Anh, deputy general director of batdongsan.com.vn, said the level of interest and transaction volume for properties for sale tended to decrease due to several negative factors, including some large investors’ cancellations of purchasing land plots in Thu Thiem, Ho Chi Minh City, after winning auctions.