Contradiction in real estate harmful in long term

According to real estate website Batdongsan.com.vn, while demand for real estate has shown signs of a sharp decline in recent times, sales prices of all types have increased. This apparent contradiction is harmful to society and the economy over the long term, it said. Project development costs have escalated due to rising prices of materials along with higher costs incurred from lengthy procedures, forcing many investors to recalculate opening prices. This results in a shortage of affordable products in the market.