Real estate market expects breakthroughs in new year
Many analysts have said that although Vietnam’s real estate market was quiet in 2023, demand for housing remains substantial. The market will see new developments in 2024, raising expectations among both real estate businesses and homebuyers. It has been forecast that housing products serving actual needs will be prioritized in investors’ portfolios in the new year, in which apartments will lead a market recovery starting from the first half. The market will also witness new trends in buying and selling. The passage of the Law on Housing (amended) and the Law on Real Estate Business (amended), and the upcoming Land Law (amended), which is expected to also be passed, will bring huge changes to the real estate market.