Real estate market 2018: Should you invest?

According to real estate experts, the 2018 market will have more positive developments than 2017.

Dr. Can Van Luc, an economic expert, believes that the real estate market in 2018 will probably continue to be positive.

According to Mr. Luc, the business results of the real estate market in 2017 were quite positive. By the end of September 2017, listed real estate companies had a 40% increase in revenue and 6% increase in profit. The market and prices increased by 5-10% in the segments of office for rent, closed apartments, apartments for sale, and retail space.

"Even the issue of capital for real estate is very positive. Although it is controlled by banks, it has not decreased much, while other investment capital flows into real estate are very impressive. Private capital poured into real estate increased by 60%," said Dr. Can Van Luc.

According to Mr. Pham Thanh Hung, Vice Chairman of the Board of Directors of Cen Group, 2018 is considered a year of high expectations, a pivotal year for the Vietnamese economy when we have officially implemented the agreement and full commitments in the WTO. We have had 12 years of preparation for this day, many foreign investors have been waiting for this for a long time.

In 2018, the real estate market will shift to the affordable segment.

In particular, the retail market will be 100% open to foreign retailers. In 2015, foreigners were allowed to buy houses freely, without any restrictions on quantity. 2017 - 2018 will witness the emergence of a trend of real estate globalization, including both domestic investors buying foreign houses and foreigners buying houses and investing in Vietnam. Vietnam will become a country with a very high integration in the real estate market.

"Previously we thought that integration was impossible, but now we will witness that wave in the next 2-3 years. We will also witness a trend of on-site export of real estate to collect foreign currency from individual customers, not just foreign investors through FDI.

We also have forms of investment in financial instruments, indirect funds, and credit systems mobilizing from the population to invest in real estate.

Thus, it can be said that the Vietnamese real estate market has officially integrated into the international market and officially opened. It is impossible to close this market to domestic investors anymore, but this is a very fierce and fair game with economic potential," Mr. Hung analyzed.

Regarding the forecast of whether or not there will be a real estate “bubble” in the last two months of 2017 until Tet Mau Tuat and in 2018, Mr. Le Hoang Chau, Chairman of HoREA, said that it is unlikely to happen, due to the increasingly timely and effective intervention and adjustment of the State; because businesses are also making efforts to restructure investments, reshape products to suit market needs; and because secondary investors are increasingly alert and understand the market better.

According to Mr. Chau, in 2018, the real estate market will shift to the affordable segment, meeting the real needs of the majority of middle-income earners.

According to VOV