The Vietnamese economy is showing promising signs of growth, with increasing interest from foreign investors in the housing market, as observed by a real estate service firm.
According to CBRE Vietnam, the majority of investments have been flowing in from Asian countries such as Singapore, Japan, Hong Kong, and South Korea, with individual transactions ranging from $20 million to $50 million.
Investment from Western markets like North America and Europe is still in the early stages of entering the Vietnamese market.
The local real estate sector is drawing significant attention from individual investors, with the Ministry of Construction reporting that approximately 4 million people, including foreigners and expatriate Vietnamese, are looking to purchase homes in Vietnam.
David Jackson, CEO of Avison Young in Vietnam, believes that the Asia-Pacific region, Vietnam included, has considerable potential to attract investments, supported by factors like a youthful demographic, robust economic growth, and regional spending patterns, all pointing to a bright future.
Statista estimates the value of Vietnam’s real estate market at $4.41 trillion in 2024, surpassing Thailand’s market value of $2.51 trillion.
Investor interest in Vietnam primarily revolves around industrial and office spaces. The nation’s vibrant, export-driven economy has boosted trade, leading to a higher demand for effective supply chain and logistics solutions. This has resulted in a keen focus on industrial properties, as highlighted by CBRE Vietnam.
In addition to commercial spaces, there is also a strong interest in land for residential development. Investors are particularly attracted to properties that are undervalued or those with owners who are experiencing legal or financial difficulties.
This trend underscores the resilience and appeal of Vietnam’s housing market, as noted by CBRE Vietnam.
Related
Source: Vietnam Insider