Overview of real estate market 2018: Looking back at statistics

Judging from the overall picture of the real estate market in 2018, Ms. Duong Thuy Dung, senior director of CBRE Vietnam said, 2018 continued to be the year the number of new supply offered in the country maintained high level. As of the end of 11/2018, Hanoi market has about 33,000 new apartments offered, up nearly 2,000 units compared to 2017. In HCM City, there are 32,000 units offered for sale, up by 1,000 units compared to 2017 (not including Nearly 10,000 Vingroup apartments are expected to open for sale at the end of the year).

Source: Internet

According to research by CBRE Vietnam, high-end and luxury segments recorded an increase of about 8-9% compared to last year. The type of middle-class housing, popular with almost no changes, only beautiful projects have an increase of 1-3%. It is expected that the price of high-class houses can increase to USD 6,000 - 7,000/m2 when the supply in the center is limited. The mid-end segment will be stable and difficult to raise prices.

The trend of buying real estate to settle down is also decreasing in 2018, making room for investment. This can be seen in the high-end and luxury segments, the demand for investment accounts for 61% instead of 50% as in 2017, customers buy to stay only 26% and short-term investment is about 13%, while in 2017 the trend of buying to stay at 35% and short-term investment at 15%.

2018 is also the year to recognize the change in the demand of buying houses of foreigners. If in 2017, overseas Vietnamese are the main foreigners buying real estate in Vietnam, in 2018, 70% of foreign buyers buy houses are Chinese, Korean and American investors with the ratio of 41 %, 19% and 3%.

Mr. Nguyen Quoc Anh, Deputy General Director batdongsan.com.vn said, the 2018 real estate picture has many bright colors. In particular, the apartment segment, the ground is still the segment with the most transactions and search volume.

The fact that enterprises have applied 4.0 technology in the recent time is expected to open up big investment opportunities for many real estate businesses. In particular, in the coming time, the North market will be more exciting when many businesses start "North progress". Besides, real estate in the northern provinces around Hanoi such as Bac Ninh, Bac Giang and Ha Nam may be exciting. Some districts have information to the district that has increased the search volume will be more interested and invested more in 2019.

In the south, the market will continue to pay attention to the affordable apartment segment. The provinces surrounding Ho Chi Minh City such as Long An, Binh Duong and Dong Nai will develop in 2019 due to the shrinking land fund in the inner city.

According to Vietnam Securities Times