Many analysts believe that 2026 will not bring the kind of major “waves” of speculative house pricing previously seen in Vietnam’s property market. Instead, the sector is expected to operate increasingly on the basis of real value, genuine demand and the true capacity of developers.

The residential index rose sharply in Hanoi in the first three months of 2024 but decreased slightly in Ho Chi Minh City, according to a report by property consultancy firm Savills Vietnam.

Several key construction materials have seen a sharp price hike during the first three months of 2022, putting significant pressure on property prices, according to the Vietnam Association of Construction Contractors (VACC).

Real estate prices in 2021 are expected to increase by 10% over the previous year, said Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA).