tỷ lệ kèo bóng đá đêm nay Real estate market to recover in Q2 2024, accelerate in 2025, experts predict

At tỷ lệ kèo bóng đá đêm nay Vietnam Real Estate Summit 2023 held by Batdongsan.com.vn in HCM City on December 14. — Photo courtesy of tỷ lệ kèo bóng đá đêm nay organizer

HCM CITY — Việt Nam's real estate market will bounce back starting from tỷ lệ kèo bóng đá đêm nay second quarter of 2024, and prosper into 2025, experts said.

Speaking at tỷ lệ kèo bóng đá đêm nay Việt Nam Real Estate Summit 2023 held by Batdongsan.com.vn in HCM City last week, Nguyễn Quốc Anh, deputy general director of tỷ lệ kèo bóng đá đêm nay property listing platform, said tỷ lệ kèo bóng đá đêm nay Vietnamese real estate market in 2023 has been experiencing positive changes and mirroring a previous cycle.

Specifically, real estate inventory increased strongly while prices slumped in tỷ lệ kèo bóng đá đêm nay 2008-2012 period, until a reversal signal appeared 2013 when credit was loosened, and a VNĐ30 trillion credit support package and tỷ lệ kèo bóng đá đêm nay Amended Land Law were passed to support tỷ lệ kèo bóng đá đêm nay real estate market.

Currently, in terms of interest rates, tỷ lệ kèo bóng đá đêm nay State Bank of Việt Nam has adjusted tỷ lệ kèo bóng đá đêm nay ceiling deposit interest rates three times and lowered tỷ lệ kèo bóng đá đêm nay policy interest rates four times this year. Many commercial banks have reduced deposit interest rates by 3-5 per cent compared to tỷ lệ kèo bóng đá đêm nay beginning of tỷ lệ kèo bóng đá đêm nay year.

Credit growth of tỷ lệ kèo bóng đá đêm nay entire banking sector reached 8.21 per cent as of November 22, lower that tỷ lệ kèo bóng đá đêm nay credit growth target of 14-15 per cent for this year.

In addition, tỷ lệ kèo bóng đá đêm nay Law on Real Estate Business and tỷ lệ kèo bóng đá đêm nay Law on Housing were passed last month, and will take effect from tỷ lệ kèo bóng đá đêm nay beginning of 2025, while tỷ lệ kèo bóng đá đêm nay Government's policies to support tỷ lệ kèo bóng đá đêm nay sector will boost tỷ lệ kèo bóng đá đêm nay market, he said.

He predicted that tỷ lệ kèo bóng đá đêm nay real estate market will show signs of a turnaround from Q2 to Q4 next year, with liquidity coming from apartment products meeting real housing needs.

tỷ lệ kèo bóng đá đêm nay market will enter a consolidation period from Q4 2024 to Q1 2025 under tỷ lệ kèo bóng đá đêm nay condition that monetary tools and policies are promoted on a large scale, helping to overcome difficulties in terms of capital resources. In addition, tỷ lệ kèo bóng đá đêm nay Law on Real Estate Business and Law on Housing, which will take effect from tỷ lệ kèo bóng đá đêm nay beginning of 2025, will contribute to freeing up money sources and resolving regulatory issues to create motivation for tỷ lệ kèo bóng đá đêm nay market to develop in a sustainable manner.

tỷ lệ kèo bóng đá đêm nay market will then enter a period of prosperity from Q2 to Q4 of 2025, he said, adding that this period will record strong economic development. Investors’ financial capacity and tỷ lệ kèo bóng đá đêm nay monetary environment will also improve, leading to a strong recovery in supply and liquidity in tỷ lệ kèo bóng đá đêm nay market.

He also forecast that tỷ lệ kèo bóng đá đêm nay market will enter a stable development period after tỷ lệ kèo bóng đá đêm nay first quarter of 2026. At that time, tỷ lệ kèo bóng đá đêm nay market will continue to enjoy good growth in terms of liquidity and prices, and many real estate products will appear, he added.

Worst of tỷ lệ kèo bóng đá đêm nay downturn has passed

In his recent report, Michael Kokalari, chief economist at VinaCapital, said: “tỷ lệ kèo bóng đá đêm nay downturn in Việt Nam’s real estate market has bottomed out, partly because mortgage rates peaked and are now headed lower. While a full-scale revival in tỷ lệ kèo bóng đá đêm nay market is not likely to take root until mid-2024, there are some signs that a rebound is already in tỷ lệ kèo bóng đá đêm nay making, including significant increases in tỷ lệ kèo bóng đá đêm nay prices of prime properties in downtown HCM City and Hà Nội and a pickup in tỷ lệ kèo bóng đá đêm nay volume of land lots changing hands.”

“tỷ lệ kèo bóng đá đêm nay latter is a segment of tỷ lệ kèo bóng đá đêm nay market which had been completely dead for months, and tỷ lệ kèo bóng đá đêm nay recent activity is a good indication that long term investors (as well as speculators) have started paying attention to tỷ lệ kèo bóng đá đêm nay real estate market again,” he said.

He also highlighted that tỷ lệ kèo bóng đá đêm nay prices of new housing units offered for sale in HCM City and Hà Nội are about flat year-on-year, but developers are reportedly offering mortgage assistance (e.g., extended grace periods) and other incentives to sell their units.

Furthermore, prices of apartments in tỷ lệ kèo bóng đá đêm nay secondary market for which tỷ lệ kèo bóng đá đêm nay seller does not have clear legal ownership status have seen a drop of circa 10 per cent.

This is just one example of how legal and regulatory issues continue to be tỷ lệ kèo bóng đá đêm nay main impediment to real estate development in Việt Nam.

“While there has been some recent incremental progress towards resolving those issues, we do not expect meaningful progress until well into 2024; although we see green shoots in Việt Nam’s real estate market, a full recovery is by no means underway yet,”  he said.

At tỷ lệ kèo bóng đá đêm nay beginning of November, senior government officials held high profile meetings with major Vietnamese developers to address issues that are impeding real estate development. Industry executives identified legal and regulatory issues as tỷ lệ kèo bóng đá đêm nay source of most of tỷ lệ kèo bóng đá đêm nay industry’s current difficulties, identifying inconsistencies in tỷ lệ kèo bóng đá đêm nay current regulations and legal framework as particularly problematic.

Two weeks later, Prime Minister Phạm Minh Chính set up a special government task force to address those issues. By tỷ lệ kèo bóng đá đêm nay end of November, new legislation was enacted to clarify certain specific issues such as tỷ lệ kèo bóng đá đêm nay exact options developers have in order to fulfill their obligation to produce affordable/social housing, and how much of a deposit developers are allowed to collect from home buyers before a project’s construction commences.

“We also remain hopeful that tỷ lệ kèo bóng đá đêm nay Government will take tỷ lệ kèo bóng đá đêm nay necessary measures to alleviate tỷ lệ kèo bóng đá đêm nay legal and regulatory bottlenecks that currently impede development activity in Việt Nam. A recovery in tỷ lệ kèo bóng đá đêm nay market would have broader implications for tỷ lệ kèo bóng đá đêm nay overall economy, not just for real estate developers, and would go a long way toward boosting consumer confidence in Việt Nam, which would in-turn also help support stock prices next year,” Kokalari added.

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