Real estate market 2025: Change for nhà cái bet88 better

Vietnam’s real estate landscape in 2022 and 2023 was defined by deep crises: a freeze in supply, plummeting liquidity, and stalled progress at numerous housing projects. Legal bottlenecks, bureaucratic inefficiencies, and cumbersome procedures contributed to delays and wasted land and capital resources, driving up costs for developers and resulting in product prices soaring. Real estate businesses were not only under financial strain but also had to rethink their strategies in order to simply survive.

nhà cái bet88 government took decisive action in response to this pressing situation, directing ministries, agencies, and local authorities to implement urgent solutions to overcome project challenges. One of nhà cái bet88 key steps was nhà cái bet88 approval of several landmark laws by nhà cái bet88 National Assembly (NA), including nhà cái bet88 amended Law on Real Estate Business 2023, nhà cái bet88 amended Law on Housing 2023, nhà cái bet88 amended Law on Bidding 2023, and nhà cái bet88 Land Law 2024.

Following that, nhà cái bet88 government and relevant ministries quickly rolled out detailed regulations, while local authorities are now working at full speed to finalize their own guidelines. nhà cái bet88 NA and nhà cái bet88 government are now actively reviewing and amending legislation or enacting new legislation covering critical areas such as urban and rural planning, investment, construction, fire safety, geology, minerals, and notarization, paving nhà cái bet88 way for a more dynamic and efficient real estate sector.

Rising demand and transactions

nhà cái bet88 real estate market saw a significant turnaround in 2024, driven by nhà cái bet88 identification and resolution of numerous obstacles. Key proposals have been carefully considered and integrated into newly-issued and upcoming legal regulations, helping nhà cái bet88 market move in a positive direction.

According to nhà cái bet88 Ministry of Construction, interest and information searches relating to real estate have surged since nhà cái bet88 beginning of 2024. Transactions in apartments, houses, and land plots have all experienced a noticeable uptick, with each quarter surpassing nhà cái bet88 previous quarter and outperforming nhà cái bet88 same period of 2023. After a spell of limited supply, nhà cái bet88 real estate market is now showing signs of positive change. Many previously delayed projects are being restarted, while new projects are being launched.

Additionally, market liquidity has been further boosted from a reduction in bank interest rates and developers offering buyer-friendly policies. A report from nhà cái bet88 Vietnam Real Estate Research Institute highlighted that nhà cái bet88 housing supply shortage is slowly being addressed. Investor confidence is strengthening, with a product absorption rate of over 70 per cent, exceeding pre-pandemic levels. nhà cái bet88 market has also seen a return of numerous real estate service companies, brokers, and investors.

However, a supply-demand imbalance lingers. nhà cái bet88 majority of supply is concentrated in nhà cái bet88 high-end segment aimed at financial investment, leaving a gap in affordable housing options for most people. Specifically, 70 per cent of new supply is in nhà cái bet88 apartment sector, with products priced at over VND50 million (,000) per sq m dominating nhà cái bet88 market. Affordable commercial apartments are almost non-existent.

Housing prices remain stubbornly high in both nhà cái bet88 primary and secondary markets, especially in nhà cái bet88 apartment segment.

Prices surge in three major cities

Research on apartment price indices, reflecting nhà cái bet88 average price fluctuations of 150 selected projects by nhà cái bet88 Vietnam Association of Real Estate Brokers (VARS), shows that by nhà cái bet88 end of 2024, nhà cái bet88 average selling price of projects in Hanoi had increased by 72.4 per cent compared to nhà cái bet88 second quarter of 2019. Da Nang followed, with a 49.9 per cent rise, while Ho Chi Minh City saw a slower increase, of 34.3 per cent. Primary home prices have continued to rise without signs of slowing, pushing secondary apartment prices significantly higher, to far beyond actual market value.

By nhà cái bet88 third quarter of 2024, nhà cái bet88 average price of real estate projects in Ho Chi Minh City had risen from VND49.2 million (,968) per sq m to VND64.2 million (,568) per sq m, marking a 30.6 per cent increase from nhà cái bet88 baseline.

In Da Nang, nhà cái bet88 primary apartment market witnessed an “unprecedented” surge, with over 50 per cent of new supply priced above VND80 million (,200) per sq m. nhà cái bet88 market index for Da Nang recorded a 46.2 per cent increase in nhà cái bet88 third quarter of 2024, surpassing Ho Chi Minh City’s growth rate. Meanwhile, in Hanoi, nhà cái bet88 average sales price for sample projects is approaching VND60 million (,400) per sq m, reflecting a 64 per cent increase since nhà cái bet88 second quarter of 2019.

Data from various sources also shows that nhà cái bet88 average price of primary apartments in Hanoi has skyrocketed from VND40 million (,600) per sq m at nhà cái bet88 start of 2022 to approximately VND72 million (,880) per sq m in nhà cái bet88 third quarter of 2024. Housing prices in alleyways have also surged since early 2024, and now match prices in several inner-city areas. In particular, land prices at auction, which have surged significantly beyond nhà cái bet88 starting price in some suburban areas, where transport infrastructure is still developing, are now on par with land and villa prices in projects that have seen heavy investment in infrastructure and services.

“nhà cái bet88 real estate sector accounts for 17 per cent of nhà cái bet88 country’s GDP and is interlinked with many other industries,” said Mr. Nguyen Quoc Hiep, Chairman of GP.Invest. “As such, real estate development plays a vital role in nhà cái bet88 national economy. This is why nhà cái bet88 government and nhà cái bet88 NA are working to resolve obstacles in nhà cái bet88 field. But when prices are too high, who will buy? Some apartments are now priced at VND500 million (,000) per sq m. That’s simply unreasonable.”

If timely intervention by relevant authorities and within legal frameworks fails to take place, property prices could continue to escalate without end. Once prices exceed nhà cái bet88 market’s capacity, and affordability becomes an issue, both businesses and nhà cái bet88 overall real estate market could face nhà cái bet88 looming threat of collapse.

Anticipating sustainable development

Resolution No. 161/2024/QH15 on continuing to enhance nhà cái bet88 effectiveness and efficiency of nhà cái bet88 implementation of policies and laws on real estate market management and social housing development was approved during nhà cái bet88 NA’s eighth session on November 23. Under nhà cái bet88 resolution, nhà cái bet88 NA instructed nhà cái bet88 government to guide ministries, sectors, and local authorities to closely monitor nhà cái bet88 real estate market and intensify research, analysis, and forecasting to quickly implement regulatory measures.

These actions are designed to regulate nhà cái bet88 market, ensure respect for market dynamics, and foster sustainable development while preventing overheating or stagnation that could disrupt nhà cái bet88 economy and have social repercussions. Moreover, measures will be introduced to diversify real estate products, harmonize supply and demand, increase nhà cái bet88 availability of affordable housing suited to nhà cái bet88 income levels of most citizens, and safeguard social welfare.

Experts predict that, starting in 2025, with a stable economy, nhà cái bet88 maturation of new policies, and nhà cái bet88 strong leadership of nhà cái bet88 NA and nhà cái bet88 government, nhà cái bet88 market will enter a new era of greater health and sustainability. With continuous improvements in legal, financial, and public investment policies, nhà cái bet88 market is anticipated to see further growth this year. Various segments are expected to recover, with luxury apartments continuing to lead, villas and townhouses becoming more active, legally clear land attracting investors, and social housing benefiting from updated regulations.

2025 will bring numerous factors driving housing prices upwards, but also marks nhà cái bet88 final year of nhà cái bet88 five-year plan (2021-2025). In this phase, businesses will need to restructure their product offerings and prioritize real market demands over focusing exclusively on nhà cái bet88 luxury segment. As a result, while housing prices are unlikely to decrease, nhà cái bet88 pace of price increases is expected to slow down.