real estate market
Despite fluctuations expecting to continue in the Vietnamese real estate market for some months, industry analysts are quietly optimistic that 2024 will mark a turning point for a new cycle of recovery and development.
Mortgage rates peaked at as high as 16 per cent at some banks in early 2023 but subsequently dropped dramatically. They are now comparable to levels that prevailed before the government’s aggressive policy rate hikes last year sent borrowing rates soaring. Nevertheless, a full revival of sentiment and transaction activity is not likely until mid-2024.
With the market warming up at the end of last year, the number of real estate deals has also been on the rise thanks to soaring remittances.
Viet Nam's real estate market will not be short of capital next year but will still face many challenges from policies and administrative procedures, experts said at the annual Vietnam Real Estate Forum.
Technological applications in property product and service business are becoming an indispensable trend in Vietnam’s real estate market.
The real estate market in Vietnam has been one of the most exciting emerging markets in the Asia-Pacific region.