The local real estate market has shown signs of deceleration so far this year, partly because of limited bank credit for the market, according to experts.

The real estate market developed well in 2014-2018, but unexpectedly has cooled down since the beginning of 2019.

While observers believe that it’s the right time to pour money into resort real estate, they also warn of the hot development of the market segment.

VietNamNet Bridge - Vietnam’s real estate market is expected to remain stable with growth in three areas —  green real estate, resort & tourism real estate, and houses & apartments. 

Real estate credit tightening, oversupply in the high-end market segment, and the policy on restricting  licensing to housing projects are all expected to pose challenges for realtors this year.

Despite challenges arising, the real estate market in Vietnam ended 2018 in a good place, and expects to remain stable this year.

VietNamNet Bridge - The property market is worried about ‘land fever’ amid a shortage of available land.

VietNamNet Bridge - Experts believe that the strong rise of emerging markets will be the highlight of the resort real estate market segment in 2019.

The biggest influencers were businesspeople whose enterprises developed large, significant projects and made huge profits, who owned big properties and successfully developed their real estate brands.

VietNamNet Bridge - More online real estate markets are now serving as an important transaction channel in Vietnam, where more than 60 percent of the population use the internet.

VietNamNet Bridge - Property developers are seeking money from other sources as bank loans are drying up.

VietNamNet Bridge - Reports about the real estate market in the last two years show a sharp increase in the number of Chinese buyers in Vietnam.

VietNamNet Bridge - The speeding up of the equitization process has helped Vietnam’s IPO market lead Southeast Asia in terms of value.

VietNamNet Bridge - As the supply of apartments is now large, many apartment owners have decided to earn extra money from renting apartments by the hour, though it is not allowed by current law.

VietNamNet Bridge - A number of projects left unimplemented for many years have changed hands, while more and more large transfer deals have been reported recently.

Nearly 5,000 deals involving foreigners buying into Vietnamese businesses have been reported so far this year, an increase of 50 percent compared with 2017.

More foreign invested real estate projects have been registered recently, while more M&A deals in the sector have also been reported.

Foreign real estate brokers, one after another, have landed in Vietnam to take advantage of a market that has been heating up in the last four years.

VietNamNet Bridge - A partner has registered to buy 250 condotels for South Korean buyers at a high-end resort in the central province of Quang Nam, sources said. 

Foreign investors, mostly from Asia, continue making serious investments in Vietnam’s real estate sector.