Batdongsan.com.vn’s Real Estate Market Research Report is summarized from 3 main indicators, namely listing index, interest index and price index. In particular, the listing index shows the supply of real estate products on both primary and secondary markets, while the interest index indicates market trends and demand; and the price index reflects the fluctuation of supply and demand of the market.
The report on real estate market in Quarter 2 (Q2) this year shows the number of listing posted on Batdongsan.com.vn has grown 184 percent in the last 3 years, especially in Ho Chi Minh City (HCMC) and Hanoi. The two major cities also led the country in terms of growth, with an increase of 50% in Hanoi and 100% in HCMC betwen 2015 and 2018 (*).
Mr. Nguyen Quoc Anh, Deputy Director of Batdongsan.com.vn, at the announcement event of our Real Estate Market Research Report Q2-2019.
In comparison to the same period of 2018, Hanoi and HCMC markets in Q2-2019 also witnessed a sharp increase in the number of listings, up 42 percent and 35 percent, respectively. Other cities and provinces with even higher increase include Vung Tau and Hai Phong, up 90 percent and 81 percent year-on-year, respectively. Notably, rooms for rent and villas/rowhouses for sale are the two segments with the highest number of listing in Q2.
In general, the real estate price index (**) in HCMC has increased continuously since Q1-2018. In Hanoi, the index has remained stable since Q4-2018. In particular, prices in Hanoi in Q2-2019 only increased slightly by 5.3 percent, compared to the 2 percent increase of the same period of 2018, while HCMC experienced a strong rise of 18.1 percent year-on-year.
Particularly in Hanoi, data of Batdongsan.com.vn showed a strong increase in landed house prices in non-central districts in comparison to central districts. Specifically, prices of landed houses in central districts like Hoan Kiem, Cau Giay, Ba Dinh, Dong Da and Tay Ho increased from 1 percent to 7 percent between 2015 and 2018. Meanwhile, prices of the same properties in non-central districts such as Nam Tu Liem, Hoang Mai, Bac Tu Liem, Long Bien and Ha Dong rose 13 percent to 16 percent in the same period. Besides, prices of landed houses in Cau Giay, Dong Da, Thanh Xuan distritcs, and townhouses in Hoan Kiem, Hai Ba Trung and Ba Dinh only saw a slight change compared to Q1.
In addition to the detailed information on recent changes of each real estate market segment, Batdongsan.com.vn's report also gave an overview of the Vietnamese economy’s stable development in the context of an uncenrtain global economy, for example, unpredictable developments of trade war between China and the US, which are Vietnam’s two big trading and investment partners.
Batdongsan.com.vn’s Real Estate Market Research Report Quarter 2-2019 is part of the system of market research solutions developed by our Division of Market Research, with the goal of providing strategic information resources on market volatility; analyzing potential and level of competitiveness; understanding customers; optimizing marketing plans to support management agencies, real estate businesses, investors as well as home buyers in making the most accurate decisions.
On July 12, the announcement event of the Real Estate Market Report Quarter 2/2019 will continue to be held in HCMC.
