The growing gap between real estate prices and income highlights a housing affordability crisis, particularly for upper-middle-income earners in urban Vietnam.

In just nine months of 2024, the city's office leasing market reached 96,400 sq.m of Net Lettable Area (NLA), aiming for the highest net absorption in more than a decade.

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.

Vietnam's real estate sector recorded the establishment of 4,241 new companies in the first 11 months of this year, marking a 2.6% annual dip, reported the General Statistics Office (GSO).

Vietnam’s real estate market has outpaced global trends, but millennials now need 25.8 years of income to afford a modest apartment, raising questions about long-term affordability.

Vietnam's real estate price growth over the past five years has reached 59%, significantly higher than other countries such as the US (54%), Australia (49%), Japan (41%), and Singapore (37%), according to data from the Global Property Guide.

A high number of large projects expected to make a great contribution to Da Nang’s socio-economic development and highlight the central urban area remain unfinished.

Real estate experts say that social housing products have become cheaper than ever, but are still beyond the financial capability of many people.

Land projects in major cities are in the compensation and land clearance phase with very high costs, which may increase investment and land prices.

A government-backed initiative to enable land conversion for housing projects has the potential to make homes more accessible to low-income buyers.

Vietnam’s residential property market has captured the attention of High-Net-Worth Individuals (HNWIs) and investors, driven by strong GDP growth, urbanisation, and its strategic role in the “China+1” strategy, according to Knight Frank’s report.

Speculation and manipulation are among factors which have inflated housing prices in major cities recently, in addition to increases in land-related costs and limited supply, according to the Ministry of Construction.

Vietnam’s real estate sector faces significant reforms as the National Assembly pushes for higher taxes on underused and multiple properties, aiming to boost efficiency and revenue.

Lawmakers are set to discuss at the hall a draft resolution on piloting commercial housing project through land use rights transfer agreements at the ongoing 15th National Assembly’s eighth session on November 21.

FDI increased by 7% year-on-year, supporting the industrial real estate sector, while international tourism and retail sectors show promising recovery signs.

In the first ten months of 2024 condotel prices in Da Nang increased by 22 per cent compared to the same period in 2023.

Apartment prices are increasing and housing demand is high, but it is difficult to sell apartments at this time.

The inventory of apartments, houses and land increased by 52 percent in the third quarter over the previous quarter, according to the Ministry of Construction (MOC). Prices in some localities have led to price increases in the entire market

Vietnam's real estate market faces tough questions as experts discuss the potential effects of a proposed property tax on second homes.