Trend of newlyweds looking to buy a house next year

Many businesses are applying flexible payment policies to attract apartment buyers in their projects - Photo: NGOC HIEN

Real estate market forecast to improve from the second quarter of next year

Speaking to Tuoi Tre Online on June 27, Mr. Le Bao Long - strategic director of Batdongsan (a member of PropertyGuru Group) - said that the survey of this unit showed that the main target group looking to buy real estate in the near future is young families, especially newlywed couples.

Notably, up to 73% of married people without children plan to buy a house in the next year.

Meanwhile, based on big data and market research, Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan - said that from now until the end of 2024, the market is still in the "exploratory" phase when buyers prioritize certain factors such as serving real housing needs, clear legal status, good financial support policies, along with stable rental yields and optimizing costs.

Mr. Nguyen Quoc Anh predicts that from the second quarter of 2025 to the fourth quarter of 2025, the real estate market could flourish.

It is expected that from the beginning of 2026, the Vietnamese real estate market will enter a stable cycle, with buyers prioritizing investment opportunities in real estate types with high price increases, small quantities but attracting much attention.

Contrasting pictures of two major real estate markets

In a report on the real estate market, Savills Vietnam said that in Hanoi, the absorption rate for the apartment market reached 41% in the first quarter, up from the same period last year.

In Ho Chi Minh City, the housing index decreased by 2 percentage points compared to the previous quarter after many projects were suspended. Primary selling prices also decreased by 3% compared to the previous quarter to VND67 million/m².

According to Savills Vietnam, in the context of declining transactions and weak homebuyer confidence, developers are showing caution by maintaining stable selling prices and increasing discounts, some investors have paused projects to fine-tune sales policies.

Speaking with Tuoi Tre Online , the sales director of a foreign real estate corporation said that the reality at this corporation shows that the Northern region is having better transactions than the Southern region.

According to this person, the most difficult thing in the real estate market in Ho Chi Minh City is the lack of new project supply. For example, this group has capital from its parent company abroad, ready to pour billions of dollars to develop projects, but the land fund is too limited.

Therefore, this person believes that the Ho Chi Minh City market will still have difficulty in supply in the coming time.

New law makes real estate market more transparent

The Government's proposal to allow the Land Law, Housing Law, and Real Estate Business Law to take effect from August 1 is a positive signal, helping to clarify the law and speed up the recovery process of the real estate market.

The effective laws will promote more consistent and realistic land valuation, tighten requirements for investors in project development to ensure the rights of buyers.

At the same time, the new law will facilitate real estate ownership for overseas Vietnamese, attract more foreign investment, and enhance professionalism and transparency in the real estate brokerage community.

Source: https://tuoitre.vn/xu-huong-vo-chong-son-tim-mua-nha-trong-nam-toi-20240627203141126.htm