Legal entanglements representing 70 percent of the difficulties faced by real estate projects may end up driving the property market into recession.

The retail space market has the opportunity to grow strongly in 2023 with the forecast of the recovery of the retail industry, especially with new investment of foreign brands in Vietnam.

The government has designed a program on developing 1 million social housing units, committing to apply serious measures to complete the program on schedule.

Bank loans have been made available only to projects with adequate legal dossiers and plausible profit prospects.

The real estate market had to face many difficulties in 2022 and still faces many challenges in the coming year. The Government and ministries have taken a firm decision to support all real estate enterprises in 2023.

Experts have warned that problems won’t be settled overnight and difficulties will still exist in 2023. However, they can see positive signs in the property market.

Many real estate brokers began their Tet holidays in mid-December as they have had little to do.

The State Bank of Vietnam (SBV) would raise solutions to tackle credit congestion into the real estate sector to ensure the healthy and stable development for the market, SBV Deputy Governor Dao Minh Tu said.

Recently, after the credit growth rate limit was lifted by two percent, economists have been discussing whether to take steps to save the real estate market.

Much of the recovery of the hospitality market in Southeast Asia will depend on the opening of China, and Vietnam is no exception, according to Savills Hotels Asia Pacific.

After Prime Minister Pham Minh Chinh gave instructions about stabilizing the real estate market, realtors felt more confident that they can overcome challenges, according to deputy chair of the Vietnam Real Estate Association Nguyen Van Dinh.

According to batdongsan.com.vn, Vietnam's leading real estate trading website, the domestic rental market had a bright start in 2022, although it began to decline in the second quarter.

Vietnam's real estate market is unlikely to boom next year, according to experts.

With an additional credit growth rate of 1.5-2 percent, VND240 trillion will be pumped into the economy from now to the year-end, which could a good sign for the real estate market.

Real estate is a profitable business field, but not all investors can earn huge profits.

The State Bank of Vietnam (SBV) on December 5 said that the credit growth rate limit has been raised by 1.5-2 percent for 2022, which means that about VND400 trillion more will be pumped into the national economy.

Some experts have warned that taxation, if applied, would have a negative impact on the real estate market.

HCM City’s proposal of taxing second homes was stirring mixed opinions on its impact on the property market which was in liquidity problem as well as how and when the trial policy would be implemented.

After three years of keeping the land coefficient unchanged because of Covid-19, HCM City plans to increase it to make it closer to the market price.

The goal of developing 1 million social housing units may not be feasible.