The real estate markets in Vietnam’s two largest cities, Hanoi and Ho Chi Minh City, indicated signs of recovery amid protracted woes in the final months of last year, according to a Savills report.

The hotel real estate market in Vietnam, particularly in Hanoi and Ho Chi Minh City, is predicted to see a big supply thanks to new projects in the 2024-2026 period, according to Savills Vietnam.

Hanoi real estate market in 2023 saw the lowest sales in the villa and townhouse segment in the past 10 years, but selling prices of the villa and townhouse segment in Hanoi continued to increase strongly.

Government policies and market forces are expected to propel the real estate sector for continued growth in 2024, with demand in industrial and office leasing segments expected to increase, according to experts from Savills Vietnam.

The increasing demand for fresh food and e-commerce is serving as the main driving force of the domestic cold storage market - a niche segment of logistics to boom in the coming time.

VOV.VN - Experts have warned that the real estate market will continue to struggle with limited access to capital, legal bottlenecks, and a general inability among companies to redeem bonds.

The attraction of large foreign direct investment (FDI) inflows from the US and Europe, especially into industries with high added value such as manufacturing, technology and pharmaceuticals, is a positive signal about Vietnam’s economic development and international cooperation as well as the country's efforts in improving its position on the global value chain.

Vietnam saw positive performance in the office market in its largest cities, Hanoi and HCM City, during the past nine months of this year, according to foreign real estate research firms based in Vietnam.

Real estate attracted US$1.94 billion in foreign direct investment (FDI) in the first nine months of this year, accounting for about 9.6% of total FDI to Vietnam in the period.

VOV.VN - Amid remarkable changes occurring in the global investment trend across many important real estate segments, the nation remains one of the destinations capturing great interest from investors thanks to its positive recovery capacity and the flexibility of the country’s economy, according to a recent report by Savills Vietnam.