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Investment in real estate increasing continuously

Investment into real estate market strong, in early 2010, the outstanding loans increased 36% over the same period of last year.
On 8 / 7, the 5th meeting of the Central Steering Committee on Housing Policy and the real estate market was held by Deputy Prime Minister, Mr. Hoang Trung Hai

According to general reports, the recently real estate markets have more positive signal, investment in real estate continues to rise. Credit loans up to 218,899 billions in head of 2010, increasing 36% over the same period last year.

Demands for real estate for tourism increase strongly. The accommodation establishments should be invested for more 22,000 rooms annual. Similarly, the land for infrastructure development and industrial parks continues to rise on national scale.

Until now, from 2009, 24 housing projects in industrial workers was started with total investment of 2,600 billion, the total area of 753,000 m2, contribute to accommodation for about 125,000 workers in the labor industrial parks. There are also 33 housing projects for low-income people have been implemented with total investment of 2,500 billion VND, contributing to solving housing for 55,000 people.

According to the steering committee, a financial mechanism should be soon built for the real estate market because this market is depending so much on bank capital. The policy of financial should be not only flexibility, while ensuring not to create bubbles in the market, but also not a sudden tightening market caused disruption on a large scale.

In the medium and long term, its need a pilot study to establish housing funds to support workers who have their housing abilities. Pilot studies to established model of trust investment property fund in order to diversify forms of market transactions.

Source: Chinhphu.vn

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