REAL ESTATE MARKET IN QUARTER 3- 2023

Batdongsan.com.vn’s market report for Q3/2023 still forecasts that the real estate market recovery is expected to begin from around Q2 to Q4 2024. The report also analyzes the supply-demand shift, prices, and levels of interest in each type of land, low-rise real estate, and apartments.

Specifically, based on the actual market developments, the assessment that “The real estate market is likely to recover around Q2 to Q4/2023” is still considered feasible in the current context

Positive signs of real estate market reversal are emerging (Photo: PV)

3 important indicators signaling the real estate market reversal

At the Vietnam Real Estate Summit – VRES 2022 at the end of 2022, Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, predicted that the real estate market could start to thrive by the end of 2023 and the “turning point” would fall into Q2 to Q4/2024 under the conditions of important positive market indicators. This assessment is based on the analysis of lessons learned from the real estate crisis of 2008 – 2012 combined with Batdongsan.com.vn’s deep data and research on market conditions during each period.

Source: dangcongsan.vn