Experts say that by the second quarter of 2024, Vietnam's real estate market will ultimately recover and return to growth. By 2025, there will be many positive developments. This is an excellent opportunity for many investors and customers in the market. Quickly grasp new projects with the potential to catch the upcoming real estate wave.

The Vietnam residential real estate market research report in the third quarter and the first 9 months of 2023 from DatXanh Services showed differences compared to the same period in previous years. In the first 9 months of 2023, the market is still facing a scarcity of new supply. The absorption rate has decreased significantly, down to below the average of 20%.

A notable point in the current real estate market picture is that deposit interest rates have dropped to the lowest level since 2020. This has led to a reduction in interest rates for new loans, which are being adjusted. To return to a level equivalent to the beginning of 2022. Although the overall absorption rate of the whole market is still low compared to the same period in previous years due to the crisis (on average, less than 20% of the entire market), The absorption rate of 2023 has tended to increase gradually with each quarter: Quarter 2 increased more than Quarter 1, and Quarter 3 raised more than Quarter 2.

According to forecasts by DXS - FERI, Vietnam's real estate market has entered the final stage of the recession cycle and now seems to have hit bottom. However, DXS-FERI makes a cautious prediction, stating that the new growth cycle of the Vietnamese real estate market will not follow a V-shaped model but instead will follow a recovery and increase model U-shaped head.

By the second quarter of 2024, the market is expected to recover, and growth will become more evident from 2025 onwards. This recovery is expected to start in large urban areas such as Hanoi, Ho Chi Minh City, Binh Duong, and Can Tho, then gradually spread to neighboring satellite cities.

According to the above analysis, the potential for investment in new real estate projects in recent times is tremendous. Especially for projects that start construction during this period and will be completed by 2025.

The superproduct Skyline West Lake was born along with the revival wave of the real estate market. The luxury apartment project invested in and built by Nam Hung Company is making a lot of noise in the real estate market in its first sale.

With a prime location near other significant projects such as Lotte Mall Tay Ho, Ciputra, opposite Starlake, Skyline West Lake brings many classy experiences to its owners. In particular, with the real estate wave in the coming years, this project will undoubtedly benefit investors.

For more detailed information about the Skyline West Lake project, as well as other updates on the real estate market, please get in touch with the Tan Long Real Estate office:

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