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The economic downturn in the aftermath of the COVID-19 pandemic has put a strain on Vietnam’s real estate market. The country’s authorities are responding to the situation and taking measures to restore the residential sector. According to Deputy Minister of Construction Nguyen Tuong Van, in recent years, the construction sector has accounted for...
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Active construction is underway in several locations at once. Tran Anh Group is handing over the Phuc An Ashita residential complex in the southern province of Binh Duong and is pushing real estate sales at the Phuc An Asuka project in the city of Chau Doc in the Mekong Delta. Tran Viet Thanh, managing director at the Phuc An Asuka project, said...
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The Ministry of Construction’s reports for the eight months of 2023 confirm the recovery of the tourism real estate segment. Over this period, developers completed 10 projects, thanks to which more than 4,000 residential properties have become available to buyers. But Tran Ha, an investor of a project with almost 200 condotel units in Da Nang,...
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Buyers cannot purchase an apartment in Vietnam not because of high prices but rather due to a supply shortage. For example, in Hanoi, only 2,040 new residences were delivered in Q1. This figure is down 30% quarter-on-quarter and down 27% year-on-year. A similar picture is observed for townhouses and villas. According to property consultancy...
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According to experts, the Delta is becoming an increasingly promising destination for real estate investment, which is largely facilitated by improving transport infrastructure and growing tourist flows. According to Dang Hung Vo, former deputy minister of Natural Resources and Environment, favourable climatic and natural conditions are key factors...
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Vietnamese authorities believe that location-independent professionals, also called digital nomads, could become potential buyers of local real estate and boost the market. There are several factors making Vietnam an attractive destination for such travellers: Comfortable climatic conditions; The development of information technologies and the...
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According to data for Q1 of this year, the cost of apartments in Hanoi increased by 16.08% year-over-year. The average price per square metre of housing in the capital of Vietnam reached $2,007. In Ho Chi Minh City, apartment prices increased by 10.32%. The price per square metre amounted to $3,229. However, the rise in prices did not improve the...
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On September 22, a forum of estate agents was held in Hanoi, where issues of sustainable market development were discussed. According to Nguyen Van Dinh, president of the Vietnam Association of Realtors, a recent survey conducted by his organisation showed that more than 70% of businesses consider policies to mitigate financial difficulties to be...
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