Tag: Housing prices

Some areas recording increases of more than 40%.

Housing prices, particularly apartment prices, should be reduced to reasonable levels in line with the country’s overall development.

According to VARS, if housing prices and incomes remain unchanged, the ability to purchase homes is significantly declining.

The price surge attributed to limited land availability, rising construction and input costs, and high investor expectations.

Calls continue for Vietnam to finally and fully address its high housing prices.

Rising housing prices and stagnant wages continue to put pressure on low-income earners hoping to secure their own home, though solutions have been forthcoming.

In 2024, real estate prices in certain areas and at specific times surged beyond the financial capacity of the populace.

Vietnam Economic Times / VnEconomy gathered opinions from industry insiders on solutions to lower housing prices and promote affordable housing to foster the sustainable development of a healthy real estate market.

Primary prices for apartments rose 2-4 per cent in HCMC last year and 15 per cent in Hanoi during the fourth quarter.

Housing prices in Hanoi and Ho Chi Minh City increased sharply in 2021, from 10-20 per cent, causing difficulties for people with demand to buy housing. According to analysts, the low supply of apartments, upgraded infrastructure, and recent upward trends in material prices are the main reasons behind rising prices.