Vietnam's housing prices have risen 20% since 2019, making homes less affordable, prompting many young Vietnamese to rent.
Vietnam's average housing price is 23.75 times higher than annual household income, according to Numbeo via VnExpress. The ratio increased by 20% since 2019, making homes less affordable. In response, many young Vietnamese opt for renting. David Jackson, Avison Young Vietnam CEO, suggests viewing housing as essential infrastructure for social welfare, with policies addressing social issues via long-term state investment funds and subsidized credit.
March 11, 2024
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