When the amended Land Law comes into effect in January 2025, more overseas Vietnamese will be able to own local property.

A recent Cushman & Wakefield report has highlighted the growth potential of the real estate market in northern Vietnam, driven by the region’s robust infrastructure, emphasis on high-value industries, and increasing foreign investment.

Following contract signings, developers must promptly notify the local housing management agency of the transactions so that the database can be updated.

The Land Law (revised), which expands land use rights for overseas Vietnamese (OV) and Vietnamese citizens residing abroad, meets the aspirations of OVs and contributes to mobilising investment resources to Vietnam at the same time.

Vietnam's property market is attractive for foreign investors, according to experts.

The efficiency of an infrastructure project is only realized when the development of real estate alongside the projects is sustainable and leads the local socio-economic development.

Nine out of every 10 foreign house buyers in Vietnam choose apartments when buying , and most plan to sell later when prices increase. Very few foreigners buy apartments for their own accommodation.

Real estate businesses in Vietnam are calling for further interest rate cuts, citing uneven rate cuts among banks and complex borrowing procedures as persistent obstacles to securing loans.

The average housing price in Vietnam is now 23.7 times higher than the annual average income of households, compared to 23.5 in 2023, according to the 2024 HPR Report released by Numbeo, a world database about the cost of living.

The 2024 Land Law is expected to encourage investment in Vietnam and attract overseas remittances (kieu hoi) to Vietnam.

The real estate market showed signs of warming up with social housing projects on sale last week.

The HCM City townhouse and villa market is now at its lowest level since 2019 in terms of supply and number of transactions.

The Ministry of Construction has made public a draft decree guiding the implementation of the Law on Real Estate Business for comments.

The recently released 2024 Asia-Pacific investor intentions survey by CBRE shows that the real estate market of Vietnam ranks second among the top three preferred emerging markets, following India and preceding Thailand, in the region.

The real estate sector in HCMC saw a significant rebound in revenue in the first two months of this year, statistics show.

Ground and raw land plots have been among the searches in Hanoi and HCM City after Tet, indicating a warming up of the market segment.

Experts believe that 2024 is the time to invest in real estate because prices are low amid low demand but will rise 2025 when three new laws take effect.

With the Government and relevant ministries’ support, the real estate market has been better, especially in mergers and acquisitions (M&A) activities.

The revised Land Law, which includes people of Vietnamese origin among land users and increases interests for foreign-invested economic entities, is expected to have positive impacts on the real estate market and the economy at large.

Vietnam is the second most attractive real estate market, just after India, in Asia Pacific, according to CBRE, a property consultancy firm.