Suffering the dire impacts caused by the 4th wave of the Covid-19 pandemic and still lasting, some areas have experienced a very rapid recovery. In 2022, the real estate market scenario will have many positive signals.

According to Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, in the Northern region, some markets are still facing many difficulties. Some markets have shown signs of recovery after the strong impacts of the 4th Covid-19 pandemic.

In the Hanoi market, the supply of residential real estate is still scarce due to the slow speed of project approval, 80% of the products offered for sale are inventories from previous years. Apartment prices were stable or increased slightly, while housing prices increased sharply by 20-30%. Local outbreaks of ground fever also took place in suburban districts, especially in those districts where information was sent to the district.

Hoa Binh, Vinh Phuc and Bac Giang are the three provinces showing the most positive signs of recovery in the residential real estate segment as investors seek alternative sources of supply in Hanoi – the capital market has begun to be scarce. Bac Giang is also a province witnessing a strong urbanization rate with the strong development of the industrial real estate segment.

Meanwhile, Quang Ninh and Hai Phong are forecasted to be exciting in the coming time when the arterial traffic works have been or will be operated in the near future. Specifically, in Quang Ninh, Van Don airport and the highway connecting the northern economic triangle (Hanoi – Hai Phong – Quang Ninh) are expected to light up the Quang Ninh real estate market in the coming time. . In Hai Phong, the highway connecting the northern economic centers including Hanoi – Hai Phong – Quang Ninh has attracted investors looking for opportunities with real estate in these provinces.

Southern area, segment of land plots, apartments, townhouses, villas in HCMC. Ho Chi Minh City in 2021 witnessed a decrease in both supply and demand. The East area leads the supply of apartments, townhouses and villas while suburban districts such as Binh Chanh, Cu Chi, Hoc Mon, and District 9 (old) lead the supply of the land plot segment. Although supply is higher than demand, prices are recorded to increase compared to 2020 in all segments. This trend is forecasted to continue in 2022. In addition, Binh Duong, Long An, and Dong Nai continue to hold their position as the city’s thriving satellite markets. HCM. Many segments and types in these satellite markets recorded supply growth in 2021.