Vietnam, an ideal destination for real estate investors
Major recovery drivers
At the recent Vietnam Real Estate Conference (VRES 2021), economist Can Van Luc assessed that many macro and micro factors will promote a better recovery of the real estate market in 2022-2023. Specifically, Vietnam's economy is forecast to grow by six to even seven percent next year. Positive economic changes will help stimulate the real estate market.
Moreover, the demand for real estate investment is still very large. Nguyen Quoc Anh, Deputy General Director of the Batdongsan.com.vn portal, cited a survey showing 92 percent of participants said that they would continue to invest in real estate next year, 77 percent wanted to buy more real estate and 44 percent hope to buy real estate in the next one to two years.
Vietnam's real estate market offers many development opportunities |
“As a country with a good import-export structure, especially export; cheaper land rents in industrial parks compared to other countries in the region; and higher rate of real estate investment yields compared to other markets, in the long-term view of investors, the Covid-19 pandemic is only a short-term barrier, and investment in this field is an investment in a better future foundation,” Anh said.
In addition, the government is still promoting the housing development strategy for the 2021-2030 period, including the acceleration of infrastructure investment and public investment. The gradual resolution of legal issues, rapidly increasing urbanization and significant credit capital pouring into real estate are factors that make Vietnam's real estate market more attractive.
Vietnam’s resort real estate market is expanding |
In the near future, the government plans to revise the Land Law which is a big breakthrough for real estate. Also, the Regional Comprehensive Economic Partnership (RCEP) taking effect on Jan 1, 2022 is expected to provide the next push for Vietnam's integration and FDI attraction, including real estate,” Can Van Luc added.
Land rents in Vietnam’s industrial parks are cheaper than those in other countries in the region |
The 2022 trends
From the perspective of a real estate project developer, the General Director of Dai Phuc Land Huong Nguyen hopes 2022 will provide investors with hope after a very difficult period in 2020, and especially with the fourth pandemic outbreak in 2021. Immediately after the ease of social distancing, businesses quickly resumed investment activities, especially for the release of products by year’s end. Huong believes that in 2022, with efforts of investors and the demand for housing, the market fares better.
Regarding future market trends, real estate experts judge that the development of green cities in satellite markets is a major trend now and will continue in the coming years. In addition to land shortage in the inner cities, the change in the behavior of homebuyers will also stimulate demand for green living spaces.
Deputy General Director of Property X Joint Stock Company Truong Anh Tu said that the trend of leaving city centers is now clear given the decreasing population in the inner city and more housing projects appearing in outskirt areas. Previous concerns about living conditions outside the center have been allayed, with megacities proving able to meet all living needs with the highest standards.
Real estate experts say that the shift of living spaces to satellite markets is inevitable as housing costs surge in inner cities. This, in turn, results in the establishment of megacities with diverse populations that are increasingly popular. This new trend is expected to lead market transactions in the future. |
See also
The OpusK by SonKim Land Triumphs at Vietnam Property Awards 2023
10:29 | 14/11/2023 Property
BCI Central celebrates the best in Vietnam architecture, building and design industry
07:05 | 28/05/2023 Property
M&A to pick up in property market
07:00 | 19/05/2023 Property
More than a million low-income homes to be built by 2030
07:00 | 07/04/2023 Property
Strong signals of positive year for industrial real estate market
10:25 | 27/03/2023 Property
Credit crunch burdens real estate market
06:00 | 03/03/2023 Finance-Banking
See more news
Hunting for real estate investment opportunities after Tet
09:32 | 03/02/2023 Property
A great chance to invest in commercial property
10:46 | 30/01/2023 Property
Industrial real estate market recovers strongly
06:00 | 06/08/2022 Property
Banks tightening real estate credit to limit risks
06:00 | 06/05/2022 Economy
Bright prospects for Vietnam’s industrial real estate market
06:00 | 19/03/2022 Property
Leaders pay tribute to President Ho Chi Minh to mark his 134th birthday
10:05 | 19/05/2024 News and Events
Hà Nội Metro announces profit from the Cát Linh–Hà Đông metro line
10:00 | 19/05/2024 Economy
Cement makers call for scraping of clinker export tax
09:00 | 19/05/2024 Economy
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Digital transformation in logistics - a key to unlocking sustainable e-commerce and economic development
07:00 | 19/05/2024 Economy
Multimedia
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Tax, land rent payment deadlines to be extended this year
06:00 | 19/05/2024 Policy
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Vietnam should seize opportunity to join global semiconductor supply chain
08:00 | 15/05/2024 Industry
Việt Nam's wood industry strives to match sustainable wood demands
07:00 | 14/05/2024 Industry
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
Biometric verification ensures safer money transfers
17:23 | 13/05/2024 Finance-Banking
First provincial biodiversity museum launched in Quảng Nam
06:00 | 19/05/2024 Environment
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Central Highlands to become renewable energy hub
08:58 | 13/05/2024 Society
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Largest made-in-Vietnam bulk carrier launched
17:07 | 13/05/2024 Vietnamese Brands
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism