VPS sees the real estate market recovering in the second half of 2023

The real estate market in Vietnam will only start to properly recover when lending interest rates drop another 2-3 percent, according to VPBank Securities Company (VPS) as reported by Business Forum Magazine. The magazine goes on to quote VPS as saying the challenges facing the real estate market will ease in the second half of this year. It also notes that the number of new apartments up for sale in Ho Chi Minh City is, correctly, the lowest it has been since 2019.