Mr. Tran Xuan Luong - Doctor of Real Estate - National Economics University commented that the real estate market is currently facing a turning point, with many different scenarios. According to him, market developments not only depend on domestic economic factors but are also strongly affected by the macroeconomic context and the global geopolitical situation, which is experiencing many unpredictable fluctuations.
In the positive scenario, Dr. Tran Xuan Luong said that if the economy maintains high growth momentum, especially in the case of GDP moving towards double digits, the real estate market will continue to benefit and open up many development prospects. In fact, the demand for housing in Vietnam continues to be high, especially in the context of Vietnam still being a developing country.
On the contrary, if this growth rate cannot be maintained, the real estate market will be directly affected by the general developments of the economy and may fall into a state of stagnation.
However, Dr. Tran Xuan Luong expressed his expectations for the State's economic management in the coming time. The drastic and flexible implementation of policies, along with taking advantage of opportunities from the international market and FDI capital flows continuing to flow into Vietnam, will contribute to maintaining the growth momentum of the real estate market in particular and the economy in general.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Association of Realtors (VARS) said that up to now, the real estate market is showing many positive signs of recovery, it can be said that it has overcome the most difficult period and is on the way to a fairly strong recovery.
However, according to Mr. Dinh, the market still has shortcomings, especially the imbalance in supply structure.
In reality, in the context of the difficult and prolonged preparation and completion of project investment procedures, investors after passing this stage often tend to focus on segments that bring high profits, mainly high-end commercial housing. This causes a continued shortage of housing resources and supply suitable for the majority of people, especially social housing.
At the same time, the State is gradually removing obstacles in mechanisms and policies, both promoting commercial housing projects to the market and encouraging the development of social housing and other types of housing that are more suitable for real needs.
According to Mr. Dinh, support policies cannot be effective in the short term, because from the time the procedures are completed until a project can be launched on the market, it usually takes at least 1 to 2 years. Therefore, in the current period, the shortage of housing projects at suitable prices continues, causing many people to not be able to access them. Meanwhile, the high-priced commercial housing segment mainly serves investors, businesses and speculators, leading to the phenomenon of buying and selling, reducing the quality of market development.
However, the Chairman of the Vietnam Real Estate Brokers Association believes that these shortcomings will gradually be overcome in the period of 2026 - 2027, when the Government simultaneously implements many reform solutions, from perfecting institutions, tightening market discipline to promoting digital transformation, strengthening management, supervision and strict handling of violations.
"When these solutions are implemented synchronously, the market will gradually become stable, improving the quality of development. We do not see any signs of decline or weakness in the real estate market, but mainly unsuitable factors and these factors can be completely adjusted. In the period of 2026 - 2027, along with the growth momentum of the economy, the real estate market is expected to have more positive improvements, Mr. Dinh emphasized.
