Predictions have been made that the market will gradually recover next year and become healthier and more transparent and standardized in the second and third quarters.
Many businesses believe that the real estate market will see more positive changes in the near future, because profit streams from production and business usually pour into real estate in the last quarter of the year and public investment and FDI often increase at this time. Remittances flowing into the country are expected to hit $14-16 billion this year, which is cash that helps the market gain in liquidity at the end of the year.
A Savills Q3 2022 real estate market report shows that new supply of apartments for sale in Hanoi rose 235 per cent quarter-on-quarter and 69 per cent year-on-year. In addition to improved supply, apartment transactions also grew positively, reaching 3,605, up 61 per cent quarter-on-quarter and 49 per cent year-on-year. Class B apartment transactions accounted for 64 per cent.
Macro-economic fluctuations have slowed Vietnam’s real estate market but investment flows are still going to the Mekong Delta thanks to public investment policies and improved transport infrastructure. The Delta is the largest producer and exporter of food, seafood, and fruit in Vietnam.