The Knight Frank Hanoi Q2 2012 Property Market Report prepared by the Valuation, Research and Advisory Services department of Knight Frank Vietnam.
This Q2 2012 quarter can be summarised with these highlights below:
Despite the continuing positive recent signs in the economy with inflation appearing well under control, the lowering of the deposit rate and decreases in interest rates, the real estate market in Hanoi continues to be stagnant. It will be interesting to monitor whether these recent changes translate into any positive growth for the remainder of 2012.
– The Hanoi real estate market in Q2/2012 witnessed no significant positive moves but continuously slow acts in almost every sector. Not until late in the quarter did the market witness increased activity in the apartment for sale sector, particularly in the low-end and mid-end segments.
– Office was the only one sector that saw fairly stable movements though its performance in terms of rental rates was stressful.