The five predictions about the Vietnamese real estate market in 2024 and 2025

I have five predictions about the Vietnamese real estate market in 2024 and 2025:
1. Recovery Phase: The real estate market is expected to begin its recovery from Q2 2024, showing signs of improvement with increased liquidity, especially in apartment products that meet actual housing needs.
2. Legislative Impact: The implementation of the amended Law on Real Estate Business and Housing Law, effective from 2025, is likely to positively impact the market by addressing regulatory issues and boosting investor confidence.
3. Market Consolidation: A consolidation phase is predicted from Q4 2024 to Q1 2025, with government policies expected to address capital resource difficulties, setting the stage for a more robust market.
4. Prosperity and Stability: From Q2 2025, a period of prosperity is anticipated, leading to a stable development phase after Q1 2026, with continued growth in liquidity and prices.
5. Signs of Early Recovery: Despite challenges, there are early signs of recovery, such as increased transactions in prime property and land lots, pointing towards renewed investor interest.These above predictions indicate a cautiously optimistic outlook for Vietnam’s real estate sector in 2024, driven by economic policies, legislative changes, and market dynamics, signaling a gradual move towards recovery and sustainable growth.

Nguyễn Sinh Mỹ