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Noida, Uttar Pradesh, India, 2010/06/22 - On account of large housing deficit, the spending on residential real estate is projected to grow at a CAGR of around 6% during 2010-2013.
According to our recent research report “Vietnam Housing Forecast to 2013”, the housing industry in Vietnam is characterized by massive housing shortage and offers ample scope for developments. 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.
However, the market is not free from challenges and underdeveloped housing finance system is one of them. It is estimated that nearly 65% of urban population do not have an access to affordable finance for housing construction or renovation. Moreover, the commercial banks perceive providing housing loans to low-income people is not feasible as even the cheapest house is currently not affordable for low and middle income earning people in the country.
“Vietnam Housing Forecast to 2013” provides an extensive research and objective analysis of the growing housing industry, its structure, financing system and demand potential. The report has also identified the important players operating in the sector. The key players section talks about business profiling 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 possible growth areas for expansion in the Vietnam housing industry are also studied in the report. Most importantly, the report figured out the expected housing sales and potential of the housing industry in the country. The forecast is based on the correlation between past market growth 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.
Hence, the report offers detailed unbiased analysis which will definitely prove decisive for the clients. It will help investors, financial service providers and global real estate players navigate through the latest trends in the Vietnam housing industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.