Real estate supply will continue to increase in 2025

Real estate supply is forecast to recover and continue to increase in 2025 - Photo: VGP/Toan Thang

According to the Vietnam Association of Realtors (VARS), the real estate supply is on the path of recovery and positive growth. VARS research data shows that in 2024, the real estate market will record about 65,376 new products for sale, about 3 times higher than in 2023.

Residential real estate supply in 2025 is also expected to recover broadly with an increase of about 10% compared to 2024.

In the medium term, housing supply will continue to increase, from real estate projects that have had difficulties resolved in recent times and have been newly licensed, including social housing projects.

Specifically, in 2024, 210 real estate projects were dismantled (according to statistics from the Ministry of Construction) and re-implemented. The number of newly licensed projects in 2024 also increased by about 18% over the same period last year and will continue to increase.

According to VARS' analysis, in the coming time, when new laws related to housing, land and real estate business are implemented, along with the plan to merge provinces and cities, it will limit shortcomings and problems, and help reduce many procedures and legalities for project implementation.

The absorption rate in 2025 is expected to remain above 70%, although the absorption rate will slow down due to high and rapid price increases in some areas and segments. At the same time, real estate prices still have many drivers to increase in the context of impending inflationary pressure.

Toan Thang

Source: https://baochinhphu.vn/nguon-cung-bat-dong-san-se-tiep-tuc-tang-trong-nam-2025-10225032817545676.htm