Property Speculators Take Second Look At Vietnam
In what many term a real estate perfect storm, the current run of hyper-inflation is seeing the property hunters return to Vietnam.
What could have been called stress is now shifting into distress in some cases and the vultures are circling.
Double digit inflatation and bank lending rates closing in on 20%.
Prices had moved backwards and the underlying lack of liquidity is creating a situation where some developers simply have to sell.
Fundamentally many industry analysts believe Vietnam continues to have strong underlying fundamental but they are quick to point out it may be a medium to long term horizon