REAL ESTATE MARKET CHANGES IN THE FIRST 6 MONTHS OF THE YEAR AND FOR THE LAST 6 MONTHS OF 2021

CHANGES IN REAL ESTATE PRICES IN THE FIRST 6 MONTHS OF 2021

The economic growth rate in general and the demand for Vietnams real estate market in particular in the second quarter were still very positive. The number of newly established real estate businesses in the second quarter of 2021 increased by 45% compared to the first quarter of 2020; similarly, the registered capital increased by 24%.

In terms of economic growth, Vietnams average GDP reached 6.61%, of which real estate business grew by 4% over the same period. These figures show that despite the epidemic, Vietnam is still controlling stable economic development.

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VIETNAM REAL ESTATE MARKET FORECAST FOR THE LAST 6 MONTHS OF 2021

Regarding the markets prospects in the last 6 months of the year, all directions of the market will be greatly influenced by the success of the upcoming vaccination campaign. The government is aiming for 50% of workers in big cities will have access to vaccines in the third quarter and if this scenario plays out according to the schedule, the demand for real estate transactions is expected to grow rapidly in the coming quarter. coming months.

Positive market data in the second quarter showed that homebuyers sentiment is stabilizing and gradually adapting to the general situation. Most homebuyers have determined that they will have to adapt to the long-term epidemic situation. Real estate businesses are also more active in finding new directions, flexibly applying technology to sales and smoothly transitioning from offline activities to online approach to customers.

In terms of segments that will dominate in transactions in the last months of the year, Covid-19 controlled areas will continue to see a rapid recovery. Apartments and individual houses are still the two segments with the highest search demand in the market, especially mid-range and affordable apartments, aiming to serve real housing needs.

In addition, there are also many real estate experts who also say that the real estate market will prosper again at the end of the year, especially when the trend of large investors is considered " sharks" from abroad will head to Vietnam, especially industrial real estate. Accordingly, the demand for housing and apartments for workers will also increase.

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