The centre will be directly overseen by State agencies and tasked with verifying the validity of real estate projects, connecting public data sources and streamlining property transactions to ensure the market transparency.
Macroeconomic stability and infrastructure development are set to be the key drivers propelling Vietnam's real estate market to new heights in 2025, according to industry experts.
A ceremony will be held by the Vietnam Association of Realtors (VARS) later this month to honour the collectives and individuals with outstanding achievements in the field.
The industrial real estate market, particularly in the southern region, held steady in the first months of this year, which experts said was mainly thanks to rebounding imports and exports, and increasing influx of foreign investment.
Apartment prices in Hanoi have witnessed a significant surge of 20-33% within the first two months of the year. This surge has led to a hesitancy among apartment owners to sell their properties, as the market continues to experience upward momentum.
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
The real estate sector is finally emerging from its slumber as the economic recovery in the third quarter of the year has triggered a resurgence of demand for realty properties.
The Vietnam Association of Realtors has proposed allowing foreigners to purchase and own houses, including private houses and apartments, in Vietnam during the time they work in the country.
Recent interest cuts by the State Bank of Vietnam (SBV) could send trillions of VND in savings into the property market, according to the Vietnam Association of Realtors (VARs).
The State Bank of Vietnam (SBV) is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.
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.
