The real estate market is recording positive developments in many segments. While apartments have maintained their hotness for a long time, low-rise segments such as villas and townhouses have also recorded rising prices due to apartment prices being pushed up.
Experts predict that in the coming time, villa prices will continue to increase, even in the period of market prosperity, the villa and land segment will replace apartments, becoming the most interested type of market with good profitability.
Assessing the general situation of the real estate market and making forecasts for the coming time, Mr. Nguyen Quoc Anh - Deputy General Director of PropertyGuru Vietnam - analyzed in detail and made forecasts for the stages of the real estate market and the main product lines corresponding to each stage of market development in the coming period.
According to the expert, each stage in the development cycle, the real estate market has different characteristics. 2024 is the time of reversal of the real estate market, investors are still cautious, so apartments with legal certainty will certainly be the main product line.
From the end of 2024 to the beginning of the second quarter of 2025, the market will enter a consolidation phase. Investors will be more confident with financial and legal factors but still prioritize real estate with good cash flow. The focus segment at this time is private houses and townhouses.
Notably, Mr. Quoc Anh commented that from the second quarter of 2025 to the end of the fourth quarter of 2025, the real estate market will enter a period of prosperity, investors will pay more attention to investment demand and the rate of price increase of products. Profitable segments such as land and project villas will therefore receive special attention from investors.
From Q1/2026 to Q4/2026 is the time when the market enters a stable orbit. Prices and liquidity increase in various types. Buyers will look for investment opportunities in segments with high price growth rates, attracting attention but low quantity.
According to the Hanoi real estate market report for the third quarter of 2024 by Savills, the number of transactions in the villa and townhouse segment increased sharply by 194% quarter-on-quarter and 223% year-on-year, reaching 326 units, and the absorption rate in the quarter increased by 30% quarter-on-quarter, reaching 48%. This is the consecutive increase of this segment over the past 3 years.
Regarding selling prices, in the third quarter of 2024, secondary prices of villas and townhouses increased and were higher than the primary market. Secondary prices of villas were 13% higher, up 3% quarter-on-quarter; Townhouses increased 4% quarter-on-quarter, 20% higher than primary prices.
Assessing the prospects of this segment, Mr. Nguyen Van Dinh - Vice President of Vietnam Real Estate Association - said that villas and townhouses will continue to increase in price in the coming time when supply continues to be scarce. However, prices will increase slowly and sustainably, there will not be price waves like in the recent past.
