Housing market expected to rebound in H2/2024
Incentives from both market regulators and developers will be key to driving Vietnam's property sector in 2024.
Incentives from both market regulators and developers will be key to driving Vietnam's property sector in 2024.
It is estimated that one-fifth of all expatriate Vietnamese want to buy homes in the country.
Local consumers are not just looking for places to shop, but also a complete experience, including entertainment and eating out.
The real estate market is expected to gradually stabilize and shift towards positive changes, as 2024 could be the last year in the process of overcoming obstacles.
In 2023, the housing market in Hanoi and Ho Chi Minh City faced numerous challenges.
This revised law will take effect from January 1, 2025.
Local experts predicted the industrial segment would revitalize the real estate market in 2024.
A major supply-side stimulus and price reduction effort has been undertaken in the housing market.
The Municipal People's Committee encourages enterprises, organizations, and individuals in the capital to actively upgrade their knowledge and skills in responding to fire, explosion, and accident situations.
The move aims to respond to the Official Telegram 965/CD-TTg released by the Prime Minister on October 13.
Hanoi's increased housing supply in the third quarter of 2023 compared to the previous quarter did not improve the city's cumulative total supply in the first nine months of the year.
The future supply in both the west and the east will account for 40% of the market share of residential units in Hanoi.
The draft amendment to the Housing Law will be submitted to the National Assembly during the year-end session.
The capital city has been committed to improving infrastructure and transportation systems which motivate the city's development while fostering real estate expansion.
Through the Chinese company, it is expected that more foreign companies and investors will seek long-term cooperation opportunities in the locality.
Over the past five years, the real estate market in eastern Hanoi has experienced strong growth, attracting domestic and foreign investors.
The real estate market in Hanoi has been experiencing a persistent shortage of housing supply in the first half of 2023.