Apartment hikes hint at speculation return
Apartments in Hanoi are reaching record-high selling prices due to supply and demand differences and low interest rates, which some experts say is distorting the market.
Stay updated with breaking news from Hong Thang. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Apartments in Hanoi are reaching record-high selling prices due to supply and demand differences and low interest rates, which some experts say is distorting the market.
Although infrastructure development in Vietnam’s biggest cities is gradually helping to bolster real estate in neighbouring areas and push up prices, investors are advised to remain cautious and take local livelihoods into account.
A brighter outlook is predicted for the property market in 2024 compared to last year thanks to favourable regulations and interest rates.
Despite fluctuations expecting to continue in the Vietnamese real estate market for some months, industry analysts are quietly optimistic that 2024 will mark a turning point for a new cycle of recovery and development.
The new Law on Real Estate Business includes regulations that could positively impact both home-buyers and investors.