Real estate

While demand for housing remains huge, the market in 2022 will still face supply difficulties as "bottlenecks" in investment, housing, and real estate laws have not been removed.

The first product posted on this system will be the report on the situation of Vietnam's real estate market in 2021 and the Trends and Challenges forecast for 2022.

The real estate group will lose its escrow deposit of VND588.5 billion ($26 million) for unilaterally withdrawing from the purchasing contract.

Despite the ongoing impacts of the Covid-19 pandemic, housing development is still being promoted.

Along with drastic changes in the upcoming Land Law and continued efforts from the Government to push for public investment, there is strong confidence that the real estate market would return to a high expansion rate in 2022.

The average floor area per person in the city is expected to reach around 27.6-29.5 square meters, taking the combined newly developed housing area to 20.44 million square meters and 25,000 social apartments.

Amid severe economic hardship, the Hanoi Southern Supporting Industrial Park continues to attract attention from investors who are looking for locations for their plants.

Building smart homes is the way to go for local property developers to lure buyers.

Experts remain optimistic about the future prospect once the pandemic is fully contained in Vietnam.

Strong inflows in investment capital help improve the suburban landscape and narrow the gap in housing prices between the metropolitan and outskirt areas.

The majority of real estate firms are now in a dire financial situation after two years of fighting the pandemic.

The new policies on rebuilding decaying condominiums have prompted investors to look for old apartments in anticipation of greater returns when they are rebuilt.

After a long period of social distancing, people would prioritize shopping or tourism instead of buying properties.

In Quarter 2, the supply of serviced apartments in the city increases by 20% against the same period of last year.

Real estate brokerage firms should adopt IT and e-commerce to improve their interactions with customers during the social distancing period.

Foreigners are potential buyers of luxury apartments in Vietnam.

This is an event organized annually by the Vietnam Association of Realtors (VAR) to honor the best real estate agents and brokers.

Supplies of low-priced apartments at below VND2 billion (US$87,300) are predicted to disappear in Hanoi in the upcoming one or two years.

The low supply of new housing projects and growing demand are driving the market prices higher.

The increased supply in the area has come from infrastructure drivers.