Vietnamese property market set for "solid" 2016

Vietnamese is property market is set for a "solid" 2016, according to agents, as the country enjoyed a year of economic recovery.

"Singapore is feeling the effects of the heavy-handed cooling measures, Indonesia and Malaysia have seen rapid currency depreciation, Thailand continues to grapple with internal issues and Myanmar is seeing significant supply coming into the market, putting downward pressure on rentals and pricing," Mauro Gasparotti, executive director at Alternaty, tells Vietnam News. "Meanwhile, Viet Nam has come through an extended period of consolidation, and looks poised to lead the regional real estate markets over the next two to three years."

The stable economy is forecast to boost confidence in the nation's real estate growth, with foreign investment forecast to focus upon development and infrastructure, such as the new metro in the main cities, which will also help to fuel the property sector's improvement.