TITLE:
AUTHORS:
Nguyen Thanh Phuong, Duong Quoc Thinh, Dinh Tran Ngoc Huyen, Diep My Nhan
DOI: 10.5110/77. 1117 Page: 196-215 Vol: 19 Issue: 02 Year: 2024
ABSTRACT
Real estate plays a crucial role in the formation of substantial fixed assets for the economy. Since 2020, despite the market turbulence caused by the COVID-19 pandemic, real estate prices in Vietnam have consistently risen. Experts in Vietnam are concerned that at a certain point, real estate prices in Vietnam may become excessively high, leading to a liquidity crisis. At that juncture, the real estate bubble may burst, resulting in a significant decrease in transactions and a subsequent sharp decline in real estate prices, causing substantial repercussions for the economy. For these reasons, this article employs qualitative analysis methods to examine and evaluate the experiences in addressing real estate bubbles that have occurred in some developed countries. Additionally, this research aims to identify some strategies for handling real estate bubble situations and draw practical lessons for Vietnam in the current stage.
Keywords:
Real estate, real estate bubble, handling real estate bubble
Received: 04 February 2024
Accepted: 19 February 2024
Published: 28 February 2024
