The Evolution of the Vietnamese Real Estate Market in 2017

Updated on Tuesday 05th December 2017

The end of 2017 brings good news for the real estate industry in Vietnam, as the market is flourishing with new construction projects ready to be purchased. This year, foreign and local investors were busy creating some of the most spectacular real estate projects which are now ready to be purchased. If you want to open a company in the construction or real estate sectors, our company formation agents in Vietnam can assist you.

The Vietnamese apartment market is more sought than usual

If until recently the accent fell on those who wanted to buy houses, as the end closes and new real estate projects involving apartments and condominiums are finished, the interest of potential buyers is growing towards these.

The third quarter of this year has seen a decrease in apartment sales: real estate companies have sold around 5,500 apartments, 17% less than the same period of 2016. However, with the new projects, the number is expected to rise in the last quarter of the year.

The end of the year in Vietnam is always a good period for real estate companies to start selling their projects, as the population seeks to buy homes during the New Lunar Year. Also, many companies organize incentive programs and together with the properties they offer various electronic products or trips to other countries.

Our Vietnam company registration specialists can help foreign enterprisers who want to start a business in the construction industry.

Vietnam properties have more reasonable prices at the end of the year

With such an abundance of new properties for sale, realtors also offer more reasonable prices. However, these are not the only advantages Vietnam companies selling real estate offer. Other benefits are related to the location and parking spaces sold or offered.

The end of the year will also bring new apartments and houses on the luxury real estate market. Hanoi is the most sought city in the country where the latest high-end and most expected project was recently finished, while another one is underway, and it is projected to be built by March 2019.

If you wan to set up business or to buy a property in this country, please feel free to contact our Vietnam company registration consultants.