The real estate market has recorded a fairly good recovery in the final period of 2024. Global market demand recorded positive signals, primary consumption increased by 24% compared to the previous year, transactions focused on projects opened for sale at the end of the year.
In 2025, supply will range from 13,000-15,000 units, concentrated in two markets: Ho Chi Minh City and Binh Duong.
Grade A apartments in Ho Chi Minh City are expected to continue to lead the market, concentrated in the East; Grade B and C apartments account for a large proportion of new supply in Binh Duong and the remaining neighboring provinces.
Even though supply is increasing, house prices will hardly decrease, because there is currently no reason or factor that can cause real estate prices to decrease.
For experts, the most important issue is how to provide affordable housing products to the market that are suitable for the majority of people. This is a huge challenge at the moment, especially when looking at the current supply, up to 80% of products are in the high-end and luxury segment.
Therefore, the bright spot of the market in 2025 is expected to be the removal of bottlenecks in supply, especially projects that meet the conditions prescribed by law.
Supply is forecast to increase significantly in most segments compared to 2024, but is still quite far from the period 2019 and earlier.
Sharing at the Vietnam Real Estate Community Conference 2025 last weekend, Associate Professor Dr. Tran Dinh Thien, former Director of the Vietnam Economic Institute, commented that although the world economy is still facing many difficulties and instabilities, Vietnam possesses many good conditions for breakthroughs, in which the explosive opportunities will be for the following segments: Industrial real estate market, social housing, ecological urban areas, smart urban areas and tourism real estate.
Mr. Nguyen Khanh Duy, representative of Savills, said that a new era has opened with sustainable real estate development policies: The 2024 Land Law increasingly encourages effective planning and land use, creating conditions for real estate developers to invest in new projects, especially in urban areas and industrial parks.
In addition, the market is becoming increasingly transparent, the Law on Real Estate Business (amended) helps increase transparency in transactions and contracts, increase confidence from foreign investors and promote FDI inflows into real estate.
Not to mention the explosion of technology and digital transformation in the real estate industry, such as VR/AR, Big Data, and online platforms are increasingly helping to improve business efficiency and customer reach.
"In general, the real estate market in 2025 is still an unpredictable unknown, but the market will continue to maintain the recovery momentum of 2024.
Although it will be difficult to make a significant breakthrough in the first 1-2 quarters of the year, it is expected to have clearer improvements from the second half of the year," said Mr. Vo Hong Thang, Investment Director of DKRA Group.
