NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/05/25 - RNCOS has recently added a new Market Research Report titled, “Vietnam Housing Forecast to 2013” to its report gallery.
With the rapid migration from rural to urban areas (at present nearly 30% of the population lives in urban areas and is increasing at about 3.4% per year), an increasing number of households (growing at a CAGR of around 2.5%) and improving living standards, the residential housing spending in Vietnam is expected to rise significantly in coming years. As per our estimations, the spending on residential real estate is projected to grow at a CAGR of around 6% during 2010-2013. Moreover, the rising number of expatriates will provide an additional impetus to residential spending.
The housing industry is characterized by huge housing shortage and offers ample scope for developments. As per a recent estimate, majority of Vietnamese do not have their own permanent houses and more than 70% of the total households live in either semi-permanent or temporary wooden houses without proper housing facilities. Additionally, the number of households is also rising, which will inflate demand for housing units. As per our estimations, the country is deficient of nearly 20 Million permanent housing units at present.
“Vietnam Housing Forecast to 2013” provides an extensive research and objective analysis of the growing housing industry in Vietnam, its structure, financing system and demand potential. The report has also identified important players operating in the sector. The key players section talks about business profile and strategies for business expansion of all leading players. Moreover, it has analyzed all the emerging trends, including important drivers and key challenges, to help investors understand the market conditions.
The report has also identified the possible growth areas for the expansion of housing industry. Most importantly, the report has figured out the expected housing sales and potential of the housing industry. The forecast is based on the correlation between past market trends and growth in base drivers, such as household size, disposable personal income, GDP growth and competitive structure, government support, contribution by housing financing industries and growing industrialization.
RNCOS (rncos.com), incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.