Many factors are impacting Vietnam’s real estate market, including micro factors, interest rates, policies, and especially the confidence of homebuyers, Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, told Tap chi Kinh te Viet Nam. The country’s real estate market has bottomed out, with a reversal expected at the end of 2024. There are three factors that will affect this reversal: interest rates, real estate policies, and credit growth. After the reversal, the market will then pass through four periods: exploration, consolidation, prosperity, and stability. These will be successive, from the end of 2024 to the end of 2025.