Real estate leads in accumulated value
Vietnam's economy in the third quarter of 2025 continues to maintain positive growth momentum thanks to many supporting factors. GDP in the third quarter reached 8.23% - the highest in the same period since 2011 (except for 2022 due to recovery after the COVID-19 pandemic). In the first 9 months, GDP increased by 7.84% over the same period, approaching the target of 8% for the whole year.
Public spending reached more than VND 440,000 billion, up 37% over the same period, becoming the main driving force for growth. A series of key infrastructure projects such as Long Thanh airport, North - South expressway, Ngoc Hoi bridge, Gia Binh international airport... are being promoted, creating a strong driving force for the regional economy and expanding development space for the satellite real estate market.
In addition to infrastructure, FDI capital continues to flow strongly into Vietnam, in which real estate maintains its position as one of the three largest attractors of foreign investment. The PMI recovered, industrial production grew again and domestic consumption was stable, helping to strengthen the foundation for the real estate market. However, loose monetary policy, reduced interest rates and increasing inflation trends also pose many challenges for the economy in general and real estate in particular.
According to data from Batdongsan.com.vn, the period 2015-2025 recorded a clear differentiation between investment channels. 2025 will become a milestone when gold and real estate both lead the group of assets to increase prices. After 10 years, gold prices have increased 3.57 times, while land prices have increased 3.12 times, showing that cash flow is prioritizing tangible assets that can hold prices in an inflationary environment.
The apartment segment is also accelerating, gradually catching up with land thanks to the balance between housing needs and profitability. Meanwhile, the stock market increased 2.78 times, still attractive in the short term but has many potential fluctuations. In contrast, USD savings and holdings have gradually become less attractive, increasing by only 67% and 24% respectively after a decade. Investment capital is clearly "repositioning" - instead of hoarding foreign currency or sending it to banks, investors are switching to owning real assets associated with infrastructure and urbanization.
Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn - commented that the current period is "the time to filter supply and select demand". Projects with transparent legal status, reputable investors, and locations with complete infrastructure will strongly attract cash flow. On the contrary, products that are speculative, far from residential areas or have unknown progress will gradually be eliminated from the market. Despite facing cost pressure and inflation, real estate is still considered by investors as a solid "shelter", both bringing accumulated value and accompanying the urbanization and socio-economic development process.
Real estate market recovers after a period of stagnation
After a period of stagnation in the second quarter, the real estate market in the third quarter of 2025 has recorded clear signs of recovery. Data from Batdongsan.com.vn shows that the level of interest in selling real estate has increased sharply, especially in the apartment segment - which is popular thanks to real housing needs and high liquidity.
Some major urban areas such as Hanoi, Ho Chi Minh City, Bac Ninh and Binh Duong recorded a 11-22% increase in searches and transactions compared to the beginning of the year. The townhouse and private house segment is also starting to flourish as supply and price levels gradually stabilize. On the contrary, the rental market stagnated after the month of September, especially in the group of rooms and boarding houses - the interest rate decreased by 8-24% compared to the previous month. However, this is only a short-term fluctuation, not significantly affecting the general recovery trend.
The brokerage survey for the third quarter of 2025 by Batdongsan.com.vn shows that market confidence is returning. Nearly 90% of brokers rated the absorption of new supply at "average" to "good", of which 4% said "very good" and 25% rated "good" - the highest rate in the last 6 quarters.
Regarding the outlook for the fourth quarter of 2025, 60% of brokers believe the market will continue to grow, 17% expect " strong growth", 40% predict to remain stable and only 6% are concerned about a decline.
Notably, apartments continue to be highly appreciated by investors for their growth potential in the next 6 months with 36% choice, followed by private houses (29%) and land (24%). Types of villas, townhouses or resort real estate account for a small proportion, reflecting the current investment trend focusing on products with high liquidity and meeting real housing needs.
