Vietnam’s real estate market has witnessed rapid growth in the condominium segment in recent years and especially in 2015 and the warming up in 2016. All are forecast will explore in the next two years.
Below will be the specific situation of the real estate market in Vietnam in 2015 and 2016 as well as forecasts of the market boom in 2017 – 2018.
The prosperity of the real estate market in Vietnam in 2015
In 2015, the real estate market has actually grown again as the market proves that the boom in the apartment segment with a series of open apartments projects has been absorbed by investors. However, the current time is not yet the hottest period.
2015 is probably the time marking the return of the real estate market. After the recession of the 2011-2014 economic’ crisis, many investors distressed as well as causing a series of real estate companies to go bankrupt or fall into a state of paralysis.
At the same time, the effect of the real estate bubble chain has spread into many other professions that have profound effects on the economy. At that time, many questions were raised that when the real estate market actually has positive changes.
The answer may have been in 2015 with the launch and sale of a series of real estate projects that many experts fear will sluggish or slow sale because the market has not recovered. However, contrary to the predictions, most of the projects launched have created fever and even apartment projects sold out only in the 1-2 sessions open sale.
According to the General Statistics Office, in 2015 the number of real estate transactions in Ho Chi Minh City and Hanoi respectively 18700 and 19350 respectively increased 1.8 and 1.7 times compared with 2014. At the same time, the inventory of real estate has also dropped sharply to 60.41% over the same period in 2014.
2016 is the superiority of the segment of land and land causing fever
If the sales of 2015 are not enough for investors to be reassured about the market, by 2016 there are better indicators that the real estate market has gone up in both quantity and quality. One of the faces of the real estate industry is real estate companies, according to statistics from the Ministry of Planning and Investment’s business registration department in the first half of 2016, the number of businesses in the business sector registered real estate reached 1354 enterprises, an increase of 110.9%.
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Especially with the registered capital of business has reached $4,695,652,174, up 359% over the same period. This real estate fever is probably not only in the apartment segment but also in the real estate market.
In 2016, this segment has really risen in Ho Chi Minh City with a series of land projects launched by investors such as KDC Nam Khang, An Hạ Lotus…In addition, projects in Long An border with Ho Chi Minh City also created fever such as Bella Vista, Cat Tuong Phu Sinh, Cat Tuong Phu Nguyen … Even the project has sold 300 land lots on the first day of sale.
Predictive outbreaks in 2017 – 2018
According to statistics, the rate of urbanization in Vietnam is high at 35.7% in 2015. Meanwhile, land funds in two big cities are increasingly limited. This shows that the fever of residential land will not stop but will accelerate in the next 2 years as real estate projects launch less and less able to satisfy the needs of people and the Investors.
The forecast for 2017-2018 Real estate will increase sharply and is the boom of the market.
You are reading the article “Report The Real Estate In 2015, 2016 And Forecast For The 2017 – 2018 Situation” in the section “Real Estate News” on the website: https://realestatevietnam.com.vn/
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