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.

Between 2022-2023, house prices soared, exceeding the income of most people in the two most populated cities in the country.

Nguyen Thi Thuy, a National Assembly deputy from Bac Kan, pointed out that speculation and housing price inflation have created a chaotic real estate market and made housing products inaccessible for those who have demand for accommodation.

There is a concern about risks that can arise as real estate credit has increased sharply in recent years, particularly by the end of September, higher than the general credit growth of the entire economy.

The issue of abandoned real estate projects persists even as many low-income residents struggle with housing shortages. The Ministry of Construction outlines steps to reclaim dormant projects and expedite progress on delayed developments.

The Vietnamese real estate market is recovering, though the process has been going slowly. Property firms are applying flexible solutions and seeking support from local authorities to overcome challenges.

The real estate giant saw record gains in Q3, following a revaluation that initially turned profits to a 7,300 billion VND ($297.8 million) loss earlier this year.

The Ministry proposes taxing additional properties and unused land to stabilize the real estate market and discourage speculative buying.

Despite a modest influx of foreign direct investment (FDI) in the real estate sector since early 2024, Savills Vietnam sees a silver lining in the surge of FDI into high-tech manufacturing.

Citing cases in which buyers bid sky-high prices and then give up the deals, National Assembly Economics Committee chair Vu Hong Thanh pointed out that problems at land auctions have recurred, having a negative impact on the housing market.

Deputy PM Tran Hong Ha yesterday ordered competent ministries and local administrations to evaluate the real estate situation as well as the responsibilities of relevant sides in housing market predictions and regulation of realty product segments.

New apartments in Hanoi have been marketed at sky high prices, while old, degraded apartments are still selling for VND70 million per sq m.

Developing a legal framework for joint real estate investment in Vietnam will be difficult, despite the laws on land, housing and real estate that took effect at the beginning of August, experts have said.

The Ministry of Construction and the Ministry of Finance have aligned on a proposal to tax multiple property owners in an effort to reduce speculative behavior and stabilize the real estate market.

Despite its prime location on one of Da Nang’s most beautiful coastal roads, the $30.2 million Aria Da Nang Hotel & Resort project has been left incomplete and abandoned.

Vietnam’s property sector remains vulnerable to money laundering with the risks high in the sector, according to the latest report by the State Bank of Vietnam (SBV).

The Vietnamese real estate market is recovering slowly, facing numerous challenges. Companies are seeking flexible solutions and collaborating with authorities to overcome these hurdles.