After Tet, real estate supply and demand increase
According to market data from Batdongsan.com.vn, right after the Lunar New Year of At Ty, the number of listings and the level of interest in real estate are showing a positive recovery. In Hanoi and Ho Chi Minh City, the level of interest in real estate on January 9 (February 6, 2025) increased 4 to 6 times compared to before Tet.
Among the types of real estate for sale, land and apartments have recovered more strongly in terms of both interest and listings. In the rental segment, apartments are still the most interested type, followed by private houses and boarding houses. This shows that the demand for rental housing in big cities remains stable, especially from students, workers and foreign experts.
Batdongsan.com.vn data also reflects the outstanding developments in each locality. In Hanoi, in the sales segment, in January 2025, buyers' search demand focused on apartments in the West in Nam Tu Liem and Ha Dong districts; land in suburban areas (Long Bien, Hoai Duc, Ha Dong districts, etc.); and private houses in densely populated districts including Dong Da, Hoang Mai, and Long Bien. In the rental market, Cau Giay and Nam Tu Liem districts attracted the largest demand for apartment rentals, while demand for private houses and rooms for rent was concentrated in Cau Giay, Dong Da, and Ha Dong districts.
The real estate market for sale in Ho Chi Minh City in the first month of 2025 witnessed some differentiation, especially in land. Most of the interest in land was concentrated in District 9. Meanwhile, people who wanted to buy apartments mainly looked for apartments in District 2 and District 7. As for private houses, Binh Thanh and Go Vap were the districts that attracted the most interest. In the rental market, Saigon people looked for apartments to rent the most in District 2 and District 7, and rented houses mainly in Binh Thanh.
In the provincial markets, in the North, Hai Phong and Hung Yen received the most attention, with high search demand in January 2025. Hai Phong with its deep-water port and strongly developed industrial park is attracting the attention of many investors. Meanwhile, Hung Yen benefits from its location "next door" to Hanoi and the rapid development of new urban areas, causing the demand for land and villas to increase.
Apartment prices stagnate
A good sign for home buyers is that after Tet, apartment prices in Hanoi and Ho Chi Minh City have shown signs of slowing down. Data from Batdongsan.com.vn shows that the average apartment prices in Hanoi and Ho Chi Minh City in the first half of February 2025 were VND62 million/m2 and VND57 million/m2, respectively. Meanwhile, the average apartment prices in January 2025 were VND63 million/m2 (Hanoi) and VND60 million/m2 (Ho Chi Minh City). Thus, apartment prices in these two cities are showing a slight downward adjustment. However, this is only a short-term fluctuation, and it takes more time to monitor price trends.
Although the real estate market after Tet is changing positively when the number of real estate searches, the number of listings for sale and rent have increased and prices have leveled off, to have better liquidity, many incentives are still needed.
Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, believes that for those who buy real estate for residential purposes, buying at any time is the right choice, as long as the buyer has carefully calculated the financial plan and factors to ensure a comfortable life.
He recommends: “Although many investors and banks support loans up to 80-85% of the product value, buyers should have at least 30-40% of the “meat” money available, and be confident that the stable cash flow in the next 3-5 years is enough to maintain life before thinking about buying a house. If you still do not have enough finances, you should consider renting first."
