Stephen Wyatt is the Country Head of Jones Lang LaSalle Vietnam and is responsible for overall operations of the company.
Joining the industry in London in 1996, Stephen has over 17 years’ experience with various international real estate consultancies. He has broad and diverse experience in investments transactions, leasing, and development consultancy across the three continents of Europe, Africa, and Asia.
Recent real estate deals and M&A trend in Vietnam and challenges in foreign real estate investment.
“Affordable and mid-end residential projects are likely to sell reasonably well given affordability levels.”
Vietnam is on the rise as increasing levels of foreign direct investment (FDI) support strong economic growth and help to drive development across the country.
Vietnam is one of the fastest growing countries in Southeast Asia. The strong economic growth is a result of favourable demographics, continued urbanization, industrialization and higher employment in the services sector and a rising middle class.
Vietnam’s GDP growth was 5.6% in 2Q16, resulting a rate of 5.5% in the first half of 2016, down from 6.3% in the same period last year.
2016 still remains a positive year for Vietnamese real estate market!
Over the past few months Vietnam and Ho Chi Minh City in particular has been experiencing a heatwave with temperatures reaching record levels, this can also be said for the red hot real estate market.
2016 still remains a positive year for Vietnamese real estate market!