Property prices in Vietnam are falling even in the most attractive areas of the country, writes the online portal Aplaceinthesun.com. According to the agency Colliers International statistics show that prices have fallen by 27% in the first quarter of 2012 compared with the same period in 2011, while they decreased to 30% in the middle and late years. Even the top segment of the market has not been immune to the fall in prices, so for example, the cost of buying luxury apartments in Vietnam declined by 40% in the first three months of this year compared to the previous year. According to the statistics of the company, a total of about 60 000 units of unsold properties is located in the two largest cities of Vietnam - Hanoi and Ho Chi Minh City, as foreign investors continue to wait for the fall in prices for houses that are reduced for three years. "The outlook for the market is not very comforting condominium sales until the end of the year, as buyers continue to wait for further falls in interest rates and prices," said General Director of the Vietnam branch of the company DTZ K. Singh. HomesOverseas.ru
