Vietnam Residential Real Estate Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032
According to the report by Expert Market Research (EMR), the Vietnam Residential Real Estate Market Size is projected to grow at a CAGR of 1.6% between 2024 and 2032. Aided by the burgeoning urban population, increasing disposable incomes, and the steady influx of foreign investments, the market is expected to grow significantly by 2032.
Vietnam’s residential real estate sector has been a focal point of the country’s economic development, characterised by a robust demand for housing driven by rapid urbanisation and economic progress. The sector has seen a diversification in its offerings, ranging from affordable housing to luxury apartments and villas, catering to the varied needs and preferences of both local and international buyers.
The primary driver fuelling the Vietnam residential real estate market growth is the country’s strong economic performance, which has led to higher disposable incomes and a growing middle class. This demographic shift is generating substantial demand for quality housing, particularly in urban areas where the population density is increasing.
Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/vietnam-residential-real-estate-market/requestsample
Additionally, Vietnam’s strategic efforts to attract foreign direct investment (FDI) have significantly benefited the residential real estate sector. The government’s liberal policies, including eased ownership regulations and tax incentives for foreign investors, have encouraged a surge in international investment in the housing market. As per the Vietnam residential real estate market analysis, this influx of capital has spurred the development of new projects, especially in major cities such as Hanoi and Ho Chi Minh City.
The rise in tourism and the expatriate population has also played a crucial role in shaping the market. The demand for short-term rentals and vacation homes has seen a steady increase, prompting developers to invest in serviced apartments and resort properties. These developments not only cater to tourists and expatriates but also offer lucrative investment opportunities for local and international investors, contributing to the Vietnam residential real estate market share.
With the urban population growing, there is a pressing need for affordable housing to accommodate low- and middle-income families. The government and private developers are focusing on creating cost-effective housing solutions that do not compromise on quality. Initiatives include public-private partnerships (PPPs) to develop affordable residential projects, offering incentives to developers, and implementing new financing models to make homeownership more accessible.
As per the Vietnam residential real estate market outlook, an increasing number of consumers are prioritising sustainability and environmental friendliness in their housing choices. This trend is driving developers to adopt green building practices, such as using eco-friendly materials, incorporating energy-efficient designs, and integrating green spaces within residential projects. Such initiatives not only cater to the growing demand for sustainable living options but also contribute to the broader goals of environmental conservation and sustainability.
The rise of the Internet of Things (IoT) and smart home technology is revolutionising the residential real estate market in Vietnam. Homes equipped with automated systems for lighting, security, and temperature control, as well as smart appliances, offer convenience and energy efficiency. This trend caters to the growing demographic of tech-savvy individuals and young professionals seeking modern, connected living solutions.
Regionally, the market is concentrated in Vietnam’s major cities, with Ho Chi Minh City and Hanoi accounting for the majority of market activity. These cities are the economic and cultural hubs of Vietnam, attracting a significant portion of the country’s investment in infrastructure and real estate development and propelling the Vietnam residential real estate market expansion. Other emerging markets include Da Nang, Nha Trang, and Phu Quoc, which are gaining attention due to their potential for tourism-related real estate development.
Vietnam Residential Real Estate Market Segmentation
The market can be divided based on type, budget, size, and business type.
Market Breakup by Type
- Apartments and Condominiums
- Villas and Landed Houses
Market Breakup by Budget
- Less than $300,000
- $300,001 to $700,000
- $700,001 to $1,000,000
- $1,000,001 to $2,000,000
- More Than $2,000,000
Market Breakup by Size
- Less Than 50 square meters
- 51 to 80 square meters
- 81 to 110 square meters
- 111 to 200 square meters
- More Than 200 square meters
Market Breakup by Business Type
- Sales
- Rental
- Lease
Competitive Landscape of Vietnam Residential Real Estate Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Vietnam residential real estate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sun Group
- Novaland Investment Group Corporation
- Dat Xanh Real Estate Service Contructions Corp
- FLC Group JSC
- Hung Thinh Land Joint Stock Company
- Phu My Hung Development Corporation
- Vinhomes Joint Stock Company
- Nam Long Investment Corporation
- Phat Dat Real Estate Development Corporation
- NovaGroup
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Jane Watson, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
What's Your Reaction?
