Real estate

The Government’s focus on infrastructure development and the involvement of major property developers from the South would make the market more attractive.

The Vietnamese coworking market is growing exponentially as more and more people become aware of the benefits this niche brings from a business and productivity point of view.

Demands from financial, real estate, information communications technology, distribution, and manufacturing tenants have increased since 2021.

Suburban real estate segment has become the choice of many investors over the past time.

The capital city might face challenges in solving numerous issues related to the transport infrastructure, urban public works, and school system.

Total outstanding loans from banks in the real estate market were estimated at over VND2,280 trillion (US$98.32 billion), up 10.19% against late 2021.

The number of people, who want to rent a room in apartment buildings, has increased in recent months.

Reopening the economy is key to keeping the strong inflow of FDI into economic sectors.

Industrial and leisure properties are expected to keep drawing investors this year.

Efforts to prevent property prices from rising have been left unfinished due to the low supplies of social housing and many projects remaining frozen on legal issues and complicated administrative procedures.

Real estate is the second largest foreign direct investment (FDI) recipient in Vietnam for the past 10 years.

Foreign investment inflows into real estate have accounted for one-third of Vietnam’s total FDI so far this year.

Not only there is an imbalance in the structure of property supplies in the market, but the number of new projects has also been on the decline in the past three years.

A series of financial support measures in the economic stimulus package would help the real estate and construction activities recover.

The average prices of new apartments for sale in Hanoi in 2022 are from VND30 million (US$1,311) per square meter onwards, which target customers of middle- and high-income groups.

Difficulties in getting investment licenses, the imbalance of market supplies due to the investors’ lack of appetite for budget housing projects, and the Covid-19 pandemic have led to a rise in housing prices.

Potential foreign-direction investment flows and large-scale infrastructure linking Hanoi and its environs enhance Asian tenant pools for serviced apartments.

The prefabricated house could soon develop into a new market segment with high potential in the local real estate market, especially in combination with the trend of investing in a second home.

Housing investment is to meet people’s long-term needs and would suffer no impacts from external factors, such as the pandemic.

Speculative investments are causing a waste of land resources and the growing number of vacant residential areas.