Prospects for the real estate market in 2015
(VOVworld) – Minister of Construction Trinh Dinh Dung in the first “Citizens ask, ministers answer” program of 2015 said obstacles to the real estate market will be removed in 2015 thanks to the implementation of the national housing strategy.
He said that priority will be given to developing social housing for low-income earners: “We need to develop approximately 1 million social houses from now until 2020. To achieve this target we need to finalize the legal system concerning housing development in order to mobilize more social resources. Localities should continue developing their social housing schemes. Businesses should be encouraged and facilitated to invest in housing. Commercial banks should continue their low-interest credit support packages to help businesses and people develop and buy houses.”
Minister Dung said that the real estate market has recovered and there are more supplies of houses, particularly social houses with more stable prices.