Demand for Real Estate in VN to Increase by 50% in Q4/2021

Vietnam’s real estate market is showing signs of prosperity again after many localities have partialy controlled the Covid-19 epidemic. However, investor sentiment has changed, every move must be carefully calculated.

The prolongued social distancing along with the experience from previous outbreaks did not in fact make investors “immobilized”. The demand for investment to have more livelihood during the pandemic is increasing day by day, happening on all channels from savings, gold, real estate, securities or bitcoin…

However, the financial crisis made the gold price difficult to control, and the savings channel was no longer popular as banks continuously lowered interest rates to support businesses. Money flows into securities and virtual currency trading channels with good liquidity, easy to enter, but also potentially risky and requires investors to be really knowledgeable about finance.

Real estate is still a safe investment channel and never goes out of date. The market report of the third quarter of 2021, from the website batdongsan.com.vn, shows that the interest of home buyers has been recovering since the beginning of September. The report of Dat Xanh Services further forecasts that, about 80% of investors with available cash are eagerly waiting for the reopening to hunt for products to buy, and about 10-20% of investors want to sell and the demand may increase by about 50% in the last quarter of this year.

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Ho Chi Minh City

Although many investors are eager to return to the market after the social distancing period, in general, the psychology of real estate selection has also changed. Instead of surfing like before, they focus on sustainable investment options in riverside coastal projects, long-term ownership, existing residential areas, potential for business and tourism exploitation.

However, to own a product as expected is not easy when looking at big markets like Da Nang, Quang Ninh, and Phu Quoc. The riverside coastal land fund in these tourist cities is not much, most of them are planned to develop resorts, hotels and condotels with a tenure of only 40-50 years. Therefore, it is not too difficult to understand that a number of rare high-end villa and apartment projects launched in the market at this time are so attractive to investors.

Luxury apartments and villas accounted for more than 80% of our transactions in the third quarter of 2021. Proving that the period of surfing, betting on luck is over, investors tend to put their full faith in quality, different, legal products with long-term upside potential.

Forecasting the market in the fourth quarter of 2021, many experts make optimistic judgments about the tourism real estate segment. Especially demonstrated in Da Nang, riverside real estate for many years has always brought success to investors thanks to the vibrant development of the tourism industry. Up to now, when the city has strongly covered the “passport” vaccines, tourism real estate is expected to be in a new normal state, investors can completely return to the game with breakthrough projects.

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