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Many Good Signals From The Real Estate Market In Vietnam

he Real Estate Market in Vietnam

In the economic sectors, the real estate market in Vietnam together with the stock market,  is the area where information plays a critical and decisive role for both businesses, investors, citizens and regulators physical.

Therefore, the demand for information on real estate information is always available permanently, and many units regularly provide reports, research the property market to serve the mass or the internal is also the thing. easy to understand.

The reports and research  about real estate market are now diversified, coming from many other sources, from state agencies responsible for the Department of Housing Management and Real Estate Market (Ministry of Construction), Real Estate Association Vietnam (VNREA), media channels to real estate consulting and trading companies, including foreign entities such as CBRE, Savills. It can be seen that, due to methods, methods of data collection, statistics as well as different sources, the reports are quite diversified and sometimes inconsistent in the evaluation of the market.

However, when choosing, synthesizing reports with real data sources close to the market, it will help home buyers evaluate the real estate market situation.

 the real estate market in Vietnam
In the first 6 months of 2017, the real estate market in Vietnam has developed strongly

According to the statistics of Vietnam Real Estate Association (VNREA), in the first 6 months of 2017, real estate trading and leasing transactions, especially housing transactions, continued to grow or fall suddenly.

The average monthly housing transaction is between 1,300 and 1,500 transactions in the two major markets of the country, Hanoi and Ho Chi Minh City (this only counts the first transactions for newly opened projects including repurchase transactions, or old housing transactions). Trading volume increased by an average of 5% per month on a stable basis.

Besides, the price of real estate is relatively stable, the fluctuation of price increase in the year about 2 – 7%. In specific projects there is increase  12%, but not many. In addition, the inventory of real estate also fell sharply.

The structure of the real estate goods is adjusted properly, most of the condominiums, including luxury condominiums are designed with small and medium apartment size, even luxury apartments only. It has an area of 50 – 60 sqm, so the total selling price of an apartment is not too large, in line with the buyer’s ability to pay. Real estate goods are growing more and more diversified, meeting the demand for housing and material facilities of the society.

The real estate market resort has breakthrough development. It can be said that 2016 and the first 6 months of 2017 is the time of resort real estate. Especially in the central and southern areas there are many projects implemented such as Nha Trang, Da Nang, Quang Nam, Phu Quoc

The real estate market in Vietnam has many optimistic signals
The real estate market in Vietnam has many optimistic signals

It can be seen, although the real estate market has just experienced a difficult period, but medium and long term real estate market in Vietnam has strong opportunities. Our country is in the process of industrialization together with the speed of urbanization increase, expected by 2025 to 40%, so the demand for housing and urban services will increase rapidly.

Looking at the report of the first 6 months of the real estate Rong Bay,we can see that the real estate market needs are still in a positive state.

Due to the online model, the customer data of this unit is quite specific and detailed, in the first six months, there were 16,747 people interested in registering downloads of real estate projects, number The number of inquiries reached 3,091 people, and there were 491 successful transactions, an increase of 18.7% over the same period last year, in this unit only.

Ms.Tran Thi Thu Trang, business director of Rong Bay Property, said that the technology applied to real estate transactions online, such as Big Data and Data Mining together. For Salematics, all data related to home buyers can be accurately measured.

Vietnam real estate market statistics for the first 6 months of 2017
Vietnam real estate market statistics for the first 6 months of 2017, Customer data is covered by the monitoring and statistics technology provided in the report

Based on this data, we can see good signals coming from the whole market. This is quite consistent with the optimistic view on the real estate market growth in 2017 from real estate supply and demand in CBRE reports or Vietnam Real Estate Association, or data About the excitement, growth of traffic, looking for projects in the report of a real estate classifieds website published in the past. The report also said that the mid-end and low-end segments will be the most exciting market this year, with huge demand and project supplies rising.

These are good sources of information for real estate buyers, relied on reliable reports to select the right home and avoid investing in the movement, not creating virtual fever that triggers the condition. Bubble, hurt yourself in particular and the whole market in general.

However, homebuyers also need to be alert, selectively received information, data from reports and fair use because all reports, though derived from any unit, also carry only reference and all data can change over time with continuous evolution of the market.

Above, we has provided some outstanding information about the real estate market in Vietnam in the first 6 months of 2017. To finish this article, we send you documents Interest rate calculator bank buy house monthly.

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Many Good Signals From The Real Estate Market In Vietnam

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