Experts have held that the real estate sector will begin a recovery phase in 2023 with many difficulties lying ahead. However, difficult times will present opportunities for long-term investors to buy low.

The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8.

Investors tend to target real estate with real value. Products with value of below VND1.5 billion will be the most chosen.

Vietnam’s real estate sector last year attracted an additional US$1.85 billion in foreign direct investment (FDI), retaining its second place among industries drawing FDI with combined investment of US$4.45 billion, accounting for 16.1% of the total FDI poured into the country, according to the Ministry of Construction.

VOV.VN - The Government has devised plans to restructure the domestic money, corporate bonds, securities, and real estate markets in the year ahead in order to protect the legitimate rights and interests of both businesses and investors.

The banking industry will continue to face difficulties in 2023 in the context of the real estate market downtrend and the less positive import and export outlook, analysts forecast.

Despite being affected by general difficulties, the growth rate of the construction industry achieved about 8-8.5% this year, contributing to bringing the economy's overall growth rate surpassing the 6-6.5% plan set by the Government.

The domestic rental market had a bright start in 2022, although it began to decline in the second quarter, according to batdongsan.com.vn, Vietnam's leading real estate trading website.

Vietnam's real estate market is unlikely to boom next year, according to experts.

Some experts have warned that taxation, if applied, would have a negative impact on the real estate market.