According to experts, the real estate market is expected to improve significantly from the second quarter of 2025. This is also the time when the market recovers and will begin a new sustainable development cycle.
In 2024, the real estate market has generally recovered and progressed more positively than the previous year. The supply of new apartments has also appeared more.
In Ho Chi Minh City, most new projects are approaching the high-end segment or higher, with prices ranging from 72 – 142 million VND/m2. In Hanoi, the selling price increased sharply at the beginning of the year and showed no signs of cooling down by the end of the year. Apartments over 70 million VND/m2 in Hanoi were recorded more in the third quarter of 2024 and the primary price of the whole market in the fourth quarter of 2024 continued to increase by 2 – 4% compared to the previous quarter.
Commenting on the real estate market in 2025, Mr. Vo Hong Thang – Deputy General Director of DKRA Group said that 2025 is expected to be bright, especially in the context of the market recovering since the end of 2024. These positive signals are driven by factors of policy, supply, infrastructure and investment trends, promising to create a new growth cycle.
One of the bright spots of the market in 2025 is the removal of bottlenecks in supply, especially projects that meet the conditions prescribed by law. Supply in 2025 is expected to improve compared to 2024 with more than 15,000 products.
For the Southern real estate market, the distribution of supply will still be mainly concentrated in the city. Ho Chi Minh City, Binh Duong, Long An… The trend of shifting investment out of the central area when the inner-city land fund is increasingly scarce and development costs are increasing, entangled in legal procedures… then finding opportunities in neighboring areas becomes a strategic choice for investors and project owners in the coming time.
In addition to the improvement in supply, market liquidity will also have positive changes in 2025 when home loan interest rates remain low, investor confidence is gradually improved thanks to the recovery of the market in recent times and especially the cash flow is starting to show signs of shifting to the South. In that context, projects implemented by reputable investors, with guaranteed construction progress, clear legal status and infrastructure utilities… will be the top priority choice of investors in the coming time.
The primary and secondary real estate selling prices in 2025 will continue to grow and remain high. The reason comes from increased input costs and project development costs. For example, the new land price list is likely to have a certain impact on increasing compensation and site clearance, thereby increasing the cost pressure on land fund development of enterprises.
In the secondary market, selling prices may also have certain growth, focusing on projects with rapid construction progress, houses handed over, with certificates, and convenient connections to the city center. The price increase in the secondary market will gradually contribute to narrowing the gap between primary and secondary selling prices, buyers will have more choices as well as motivation to participate in investing in the market.
Previously, Mr. Nguyen Quoc Anh – Sales Director of Batdongsan.com.vn predicted a roadmap of 4 recovery stages of the real estate market.
Specifically, from the first quarter of 2024 to the fourth quarter of 2024, this is the time of reversal in investor psychology, the exploration movement gradually reappears. However, the highest priority of buyers still revolves around the real estate segment, with legal guarantees. With the above factors, the apartment segment is still the “king” in this period.
Next, from the fourth quarter of 2024 to the beginning of the second quarter of 2025, this will be the period when the market enters a consolidation phase. Investors are gradually more confident with the development prospects of the real estate industry. The apartment segment at this time may give up the focal point to private houses and townhouses.
After this period, the Vietnamese real estate market will move towards a period of prosperity, expected to start from the second quarter of 2025 to the fourth quarter of 2025. Investors at this stage will no longer place too much emphasis on selling price and legality as they did during the previous gloomy market period. Instead, the potential for price increase is the key to deciding to invest. Profitable segments such as land and project villas are therefore given special attention by investors.
Finally, from the first quarter of 2026 to the fourth quarter of 2026, this will be the time when the Vietnamese real estate market enters a stable orbit. Prices and liquidity will increase in a variety of types. This can be considered the best prospect of the market, after a long period of stagnation.
