Vietnamplus

The real estate market is witnessing a boom in land plots for sale in many provinces as new projects are rolled out in large numbers.

The COVID-19 pandemic has caused a slowdown in the property market but many experts believe this is only temporary and are pinning their hopes on a rebound once the virus is under control.

Investing in apartments to capture short-term gains has not been attractive to investors due to high prices caused by limited supply, according to experts.

Many people with money and without investing knowledge have chosen property as a safe haven, helping estate prices still increase despite the pandemic, experts have said.

More and more realty firms are using digital platforms to sell their products, driven by the Government's encouragement to develop local digital technology firms amid the COVID-19 pandemic.

The property market have experienced instable developments due to impacts of the COVID-19 pandemic, while halted projects and overlapping regulations have also hindered the expansion of supply sources.

Experts believe that the real estate market is unlikely to fall into a crisis and housing prices will remain stable because market demand remained high while supply is limited.

Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19.

More than 300 real estate brokerage exchanges, or one third of these firms in Vietnam, have closed recently due to low supply and the impact of the COVID-19 epidemic.

The Vietnamese resort realty market will continue to retain its appeal to both domestic and foreign investors thanks to its good return of investment as well as the tourism boom in the country, according to the Vietnam Association of Realtors.

Authorities are planning to continue tightening credit for real estate in the time ahead, which is hoped to have positive impacts on the market, heard a forum in Hanoi on May 4.

The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions.

Localities surrounding Hanoi and Ho Chi Minh City, as well as the central coastal provinces from Thanh Hoa to Binh Thuan, are stepping up investment in economic, industrial, and urban development towards the sustainable growth of the real estate market in 2019, according to General Secretary of the Vietnam Association of Realtors Nguyen Van Dinh.

The real estate week Red Friday with special promotion programmes will be held in Vietnam for the first time, from December 7-14, the Vietnam Association of Realtors (VARS) announced on November 14.

Vietnam’s real estate market in the final quarter of 2018 is likely to see the strongest growth of the year in housing transactions, even higher than that of the same period last year, according to Nguyen Van Dinh, Vice President of the Vietnam Association of Realtors (VARs).

There will not be much change in the property market in the second half of the year, a senior Ministry of Construction official has said.

The real estate market, especially the residential land segment, is expected to continue to grow solidly this year thanks to huge infrastructure works in many places around Vietnam accompanied by a raft of property developments.

According to statistics of property firms, 2017 saw an increase in the number of people searching for information on real estate, compared to previous years.

Domestic and foreign real estate investors and enterprises are introducing their products and projects to customers in Hanoi through the Viettreal Expo 2017, which kicked off on June 2.

The Vietnam International Real Estate Expo (VietReal Expo) will return to Hanoi in early June, the Vietnam Association of Realtors (VARS) announced in a press conference on May 25.