The Vietnam Institute of Real Estate Studies (VIRES) has said that investors in the country’s north are increasingly interested in the southern real estate market. They view the southern market as a “promised land”, especially Ho Chi Minh City and neighboring provinces. Recent large-scale projects developed by reputable investors and rising interest in general, especially from customers in the north, have boosted the real estate market in some southern provinces.
According to Batdongsan.com.vn, demand to buy all types of real estate fell sharply in September, with the number of searches for land plots nationwide down by 50 per cent compared to March, apartments by 9 per cent, private houses by 25 per cent, and villas by 12 per cent. The market will continue to face many challenges. Prices are forecast to remain unchanged, while developers will boost sales policies to support and attract buyers.
A report from Batdongsan.com.vn shows that the heat in Binh Duong province’s real estate market was maintained in the first and second quarters of 2022, with asking prices increasing 27 per cent year-on-year. JLL, meanwhile, said the southern province is one of two leading supply and recorded the most sales, with 1,076 units sold.
The desire for a green lifestyle and a greater focus on health now influences decisions on where to live, making coastal green real estate increasingly popular among investors.
