Real estate shows signs of recovery, is it time for investors to "go down"?

Challenges but also many opportunities

The Vietnam Association of Realtors (VARS)'s third quarter 2023 market report said that in the first 9 months of 2023, the Government and other agencies and ministries actively intervened to restore the real estate market.

In particular, nearly 20 moves from the Government have been continuously and strongly announced, contributing to increasing confidence and strength for the market and stakeholders.

Real Estate - Real estate shows signs of recovery, is it time for investors to — The real estate market is receiving many positive factors and currently has enough good information to start a new cycle next year. (Illustration photo)

The Vietnam Association of Real Estate Brokers (VARS) believes that Resolution No. 33/NQ-CP dated March 11, 2023 is the most important signal, providing clear guidance and direction. Over time, the Government's mechanisms and policies increasingly reflect the actual needs of the market and businesses.

For the first time in many years, project investors have shown enthusiasm for sales through a series of attractive stimulus policies such as discounts, promotions, long-term interest rate support, along with early home delivery and extended payment periods, including projects extending to 3 years.

At the event “VARs Connect Tour Da Nang - Conquering the real estate market 2024”, Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, assessed that 2024 is a challenging year for the real estate industry, but also opens up a great opportunity to revive the real estate market.

More specifically, many provinces and cities have announced their planning in the market. These include Hai Phong City, Can Tho City, Da Nang City, Quang Ngai, Phu Tho, Ninh Thuan, An Giang, Ca Mau, Ben Tre, Kon Tum, Hai Duong, Binh Dinh, etc.

Is it time to put down money?

Accordingly, the end of 2023 has witnessed many large-scale projects starting sales campaigns, diversifying supply and promoting transactions. Both the North and South regions have many projects such as Canopy Residences, The Moonlight 1 An Lac, Akari City, Glory Heights and The Global City contributing to the new supply. The resort real estate segment is also making a strong comeback, creating a positive sign for the market.

Having shared about this issue, economic expert Dinh Trong Thinh commented that with low bank interest rates, investors will look for investment channels such as stocks or real estate. The reduction in deposit interest rates along with new sales policies are stimulating transactions.

In addition, new changes in the macroeconomic picture and expected economic growth are positive signals. It is estimated that the third quarter of 2024 may be the turning point for real estate and the second quarter of 2025 will be the time of recovery. Especially right after the draft laws such as the Housing Law (amended) and the Real Estate Business Law (amended) are officially put into practice.

In addition, early 2024 will bring a special opportunity for those interested in the Vietnamese real estate market. Positive factors such as strong recovery, supporting policies and new planning create a favorable environment for making investment decisions.

However, this choice also means that it is necessary to carefully consider investment strategies and goals to avoid regrets in the future.

N.Giang

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