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New project
Video
news
Real Estate Market Trends In 2021
The real estate market was under a lot of pressure in 2020, when supply and transaction quantity tend to decrease. Especially in specific segments such as resort real estate, hotels, offices, retail,and so on. Thus, experts said that this is not a crisis year for the property market. These difficulties will be an opportunity for the market to change and adapt, they will create an optimistic signal for 2021 and the following years.
Regarding real estate trends in 2021, according to many experts recognize condominiums are sought by many people in 3 years and in 2021. The demand for searching will continue to increase. Apartment building prices in big cities such as Hanoi and Ho Chi Minh City. Ho Chi Minh City is forecasted to continue to increase in 2021, increasing level is about 9%.
The segment of private houses, townhouses, the level of interest and the price of private houses and townhouses for renting will be significantly reduced.
There is also an optimistic view of the real estate market in 2021, the demand for investment of Vietnamese people from the past to now is still towards real estate. The speed of rapid urbanization, foreign investment in Vietnam will attract a large amount of capital invest in industrial real estate development, thereby arising housing demand.
Resort real estate segment is still growing, this segment has just developed in the early stages.
The real estate market in 2021 will have some main development trends.
Firstly, the change of the geographical, due to the congestion of project development, supply in Hanoi and Ho Chi Minh City. Ho Chi Minh City is limited, so the trend of moving to the neighborhood areas is very clear.
Secondly, the moving of interest to the segment, it is the development of industrial real estate, while housing and tourism will take a few more years to recover.
Thirdly, the trend of utilities, smart, the next time will form the metro with many combinations associated with modern utilities for green life.
Fourthly, the trend changes consumer behavior such as changing living areas, looking for a second house.
Fifthly, the trend develop industrial real estate, but associated with the shift of labor.
Sixthly, the urbanization process takes place strongly, the urbanization rate of Vietnam is only 36% , ti is still low, and the Government's target is over 50%.
These trends will strongly affect the needs of customers, the real estate market, and this is a great place for the market to continue to develop in the future."
Real estate is a potential investment field, if you look at the demand for housing, the demand for commercial real estate services, the demand for real estate for production and business will be large. This is because Vietnam is considered a country with good growth potential, income levels, people's lives especially the emerging middle class is developing fast.
Besides, there is a change in lifestyle, more convenient lifestyle, greener, safer. All of this show that the development potential of the real estate market is enormous, in all segments. Therefore, long-term business investment opportunities in the real estate sector are very good.