According to the assessment of the Vietnam Association of Real Estate Brokers (VARS), in terms of region, the real estate market in the Northern region, the land segment, villas, and apartments, continues to record increasing results. growth, ready to accelerate.
Ms. Pham Thi Mien - Deputy Director of Vietnam Real Estate Market Research and Evaluation Institute (VARS IRE) - said that Vietnam's real estate market in the first 6 months of 2024 is still closely following the recovery process with a There are some outstanding phenomena such as many new housing projects being opened for sale, with good transaction results of over 70%, apartment prices in Hanoi and Ho Chi Minh City continuously setting high levels.
Regarding real estate segments, Ms. Pham Thi Mien said that social housing and affordable housing, which have increased rapidly, have become even more urgent when a series of fires occur in mini apartment complexes. boarding house.
Some areas of the land segment are really hot, but some areas show signs of "heat blowing". In particular, the attractiveness of industrial real estate is increasingly affirmed, with many potential businesses appearing wanting to encroach.
In the second quarter of 2024, the primary housing supply reached about 27,335 products, with about 19,747 new products offered for sale, 3 times higher than the previous quarter, the remaining is inventory from previous sales opening stages.
Mr. Le Dinh Chung - General Director of SGO Homes - also commented that, along with the market recovery process, real estate market confidence also recorded a significant recovery.
Notably, the number of customers deciding to put down money to buy real estate is growing clearly in both the primary and secondary markets in the context of the increasingly perfect legal corridor, and interest rates are maintaining a stable level. low, investors are aggressively implementing attractive incentive programs. This helps the absorption rate of all real estate segments to have a slight improvement.
In particular, in the first 6 months of 2024, the primary real estate market recorded 20,600 housing products successfully traded, 3 times more than the same period in 2023.
In the second quarter of 2024 alone, the whole market recorded more than 14,400 successful transactions, 2.4 times higher than the first quarter, contributed from both investment demand and real housing demand with investment demand increasing by about 30% compared to the previous quarter.
“After a period of hot growth in the first quarter of 2024, the selling price of the housing segment, especially the apartment segment in the second quarter of 2024, has become more stable. This stable level is maintained on the new, higher price level" - Mr. Le Dinh Chung said.
