Vietnam Real Estate Body Calls for Monitoring Measures Amid Rising Housing Prices

Vietnam real estate body calls for monitoring measures amid rising housing prices

Vietnam: The Vietnam Association of Realtors has reported increasing concern over the country’s housing market, noting that home prices continue to rise beyond the financial capacity of most households. In its latest assessment, the association stated that the market is showing signs of instability, with growth driven mainly by high-end developments and speculative activity, while affordable housing has become scarce. It has recommended that the government introduce a set of indicators to monitor risks and provide early warnings and has suggested that measures may be needed to slow the pace of price increases to reduce potential economic vulnerabilities.

According to the association, more than 100,000 housing units were launched nationwide in the first nine months of the year, representing a 22 percent increase compared with the whole of 2024. In Hanoi, units priced between VND 80–200 million (USD 3,200–8,000) per square metre accounted for 42 percent of supply, while those priced between VND 50–80 million comprised around 21 percent. Affordable homes, defined as below VND 25 million (USD 1,000) per square metre, represented only 3 percent of new supply, all originating from social housing projects.

Source: Vietnam News