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Vietnam has seen an average of more than 6,000 new listings in the past six months, according to real estate firm JLL.
The average for the same period was 1,932 in January.
It is not clear if this is due to the recent economic downturn or a new boom in property sales.
«In this period, the number of listings in Vietnam has increased by over 30 percent from the previous month,» the JLL report said.
«The number of properties with a purchase price of $200,000 or more has also increased by 30 percent to 4,094 in the period.
This is the highest in the region and is likely due to a number of factors.»
It said the price of real estate in Vietnam is expected to rise by around 15 percent in the next 12 months, and it is likely to reach $1.4 billion within this period.
The real estate market is a volatile one, with several bubbles popping and others slowly cooling down.
The market has been hit hard by the recession, with the government limiting the value of government bonds to $50,000 per person.
The current account deficit has also been a major drag on growth.
In the year to the end of March, GDP grew by only 0.2 percent, and inflation is currently running at 0.6 percent.
However, there is no sign that the government will be able to cut spending, so the government is likely going to continue to push ahead with a series of fiscal measures.