HANOI, Aug. 30 (Xinhua) -- Vietnam's property inventory stood at over 27 trillion Vietnamese dong (1.2 billion U.S. dollars) by the end of July, down 12.7 percent against December 2016, according to the Vietnamese Institute of Construction Economics on Wednesday.
Prices of apartments in capital Hanoi in July dropped around 0.3 percent against March, with high-end segment down 0.9 percent, affordable segment down 1.3 percent and mid-end segment up 0.3 percent, while those in Ho Chi Minh City fell some 0.4 percent.
The property inventory value has gradually decreased from the peak of 5.7 billion U.S. dollars in the first quarter of 2013 when the market was flooded with new constructions, according to the institute under the Construction Ministry.
Local experts forecast most transactions will be done in the budget segment in the coming time, and the market will be further nourished by positive signs such as solid credit growth and stabilized interest rates.
