The real estate market has passed the most difficult period and is gradually heating up again with positive signals from many segments. Especially in Hanoi, residential real estate always maintains its attraction with the leading segment of apartments, houses in alleys, and villas.
The heat of the apartment segment is reflected in the continuously increasing prices, the transaction volume and interest both increasing sharply in both the primary and secondary markets. Newly launched projects have attracted the attention of the market with good absorption rates despite the high selling prices of primary products.
In a general assessment of the real estate market, Mr. Nguyen Quoc Anh - Deputy General Director of PropertyGuru Vietnam - said that interest in real estate has increased sharply, market confidence has returned and investor sentiment has improved, thereby affecting investment decisions.
The expert commented: "Currently, the real estate market is in a new cycle. The market context in the current cycle is based on three factors: Credit, interest rates and policies. In particular, new laws that will soon take effect will promote the market to recover soon."
Analyzing the market situation in more detail and making forecasts for the coming time, Mr. Quoc Anh said that in each development stage, the real estate market has different characteristics, based on fluctuating cycles.
From now until the end of the first quarter of 2025, the market will continue to consolidate, buyers will still focus on real housing needs, the most chosen products are private houses and townhouses.
"From the second quarter of 2025 to the fourth quarter of 2025, the real estate market will enter a period of prosperity led by segments that bring high profit rates such as land plots and project villas. From the first quarter to the fourth quarter of 2026, the market will enter a stable cycle, with prices and liquidity increasing in a variety of types. Buyers will seek investment opportunities in the hottest segments, with high price increases, attracting attention and limited in quantity," Mr. Quoc Anh predicted.
Talking about the land segment, Mr. Le Dinh Chung - Member of the Market Working Group of the Vietnam Real Estate Brokers Association - said: "Some investors have started their journey to buy land in some areas where prices have not increased sharply in recent times".
However, it will not be until the second quarter of 2025 that the land market can develop more evenly in many places.
Meanwhile, Mr. Pham Duc Toan - CEO of EZ Real Estate Investment and Development Joint Stock Company (EZ Property) - said that from the second quarter of 2025, the provincial real estate market in general, and the land segment in particular, will achieve better liquidity and be more vibrant.
