In the future, Vietnam has enormous potential in the real estate sector. The market is on the rebound. Why?
In recent years, the real estate market of Vietnam is on the way to recover and develop and in the future, it is expected that this growth will become stronger. Because Vietnam has a lot of potential for this real estate field to reach even higher.
Vietnam real estate is the destination for many foreign businesses.
Currently, foreign capital inflows into Vietnam real estate continue to increase, especially from Korea, Japan, Singapore, … Most of the companies from these countries have entered the market for quite some time but mainly in Ho Chi Minh City and Hanoi. In the coming years, these companies will continue to invest and implement plans in the real estate sector in other provinces in the country.
Vietnam real estate has received such attention because foreign businesses believe that the Vietnamese economy will continue to grow. Moreover, the regulation allowing foreigners to own residential real estate has stimulated sales in this segment. Specifically, at the end of 2015, the sales of housing products are 24,000 apartments and by the end of 2016, this sale is 16800 apartments. As a result, this result is 250% higher than sales in 2011 – 2014.
Moreover, the opportunities for foreign investors in real estate in Vietnam are huge because the Vietnamese market is assessed for political stability, the land fund for housing development is quite large and the demand for housing of young people in urban areas is quite high.
More specifically, the return on investment in the housing market averaged between 20 and 30 percent, and sometimes even 50 percent. This profit level is more attractive to other countries.
The advantage of the gold population has spurred real estate growth in Vietnam.
The population density of the country is an opportunity to help Vietnam’s real estate develop stronger. As one of the fastest-growing countries in Southeast Asia with about 90 million people under the age of 35, Vietnam is entering its golden age.
Over the last two decades, employment in manufacturing and services has grown significantly and is expected to continue to increase over the next 10 years. This is a factor that boosts the current income of workers. In terms of consumer income, the per capita income is now rising at a rate of about 11% per year. This level of income, purchasing power will increase rapidly in the coming time and the supply of housing will also increase by 74% within 3 years. In the future, the real estate market will be volatile but it will remain stable.
Vietnam with the trend of developing real estate
It is expected that in the period 2017 – 2020, the main trend in the real estate market is the product meet housing for young people newly-married, real estate industrial zone combined with urban and coastal real estate. On the other hand, the primary housing market operates sustainably while the secondary market is exploding. Currently, resort real estate is a segment that attracts foreign investment and becomes a key focus in some places such as Phu Quoc, Da Nang, Nha Trang, …
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In particular, Vietnam’s real estate will benefit most from the ASEAN economic community. Moreover, the investment environment in Vietnam is gradually improving to join the trans-Pacific economic partnership agreement. Since then, Vietnam’s real estate will attract more capital. In the near future, the real estate market in Vietnam will receive many great opportunities for economic growth, attracting a large amount of capital from foreign investors and integrating deeply with the countries in the region, golden population period.
Especially Vietnam will become a major real estate site for countries in the region and the world. This is a good market for long-term investment for those who have big business needs.
The potential of the real estate market in Vietnam is huge and this is an ideal investment channel for investors. Coming to real estate in Vietnam, your life will be easier than ever and enjoy the happiest moments with family, friends, and relatives. Real Estate Vietnam always confident with you to the future bright!
You are reading the article “Potential Developments Of Future Real Estate Market” in the section “Real Estate News” on the website: www.realestatevietnam.com.vn
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