Speaking at a conference on Scenarios for Việt Nam Real Estate Market in 2024 held in Hà Nội on Friday, Nguyễn Văn Đính, chairman of Việt Nam Association of Realtors (VARS), said 2023 was a difficult year for the Vietnamese real estate market. Đính said that the investment demand was clearly affected when customers and investors gradually lost confidence in the real estate market. Notably, the Government's working group had reviewed, encouraged and promptly addressed challenges faced by numerous real estate projects in various localities. Gradual stabilisation since late 2024Đính expects 2024 to mark the final stage of overcoming obstacles in the Vietnamese real estate market. He also pinned hope on a new Land Law, saying that it would decide the recovery of the property market.

Source: Viet Nam News January 08, 2024 07:01 UTC