Purchase market report of 2023 July
In July, the demand for real estate across the country increased by 6%, the number of real estate listings for sale also increased by 4% compared to the previous month.
The overview report for the first 7 months of 2023, data from batdongsan shows that, compared to the same period last year, although the indicators of the housing market for sale have not improved much, the level of interest still decreased by 33%. , the number of posts decreased by 48%. However, the market also started showing signs of growth again compared to the previous month.
Specifically, in July, the demand for real estate across the country increased by 6%, the number of real estate listings for sale increased by 4% compared to the previous month. An uptrend occurs in all types of properties for sale.
In which, apartments and villas witnessed the strongest recovery, up 7% compared to June 2023; ground land increased by 6%; private houses and project land increased by 3%. The number of listings for sale of all types of real estate increased from 2% to 9%.
The real estate market in most provinces and cities experienced a “warmer” July with a slight increase in interest in real estate for sale. Prominent are Hanoi and Ho Chi Minh City. Ho Chi Minh City had an increase of 9% and 8% respectively over the previous month. In addition, some provinces such as Quang Ninh increased by 18%, Hai Phong increased by 9%, Da Nang increased by 8%.
Rental market report of 2023 July
Besides, the rental real estate market also had more positive developments. The nationwide demand for real estate rentals increased by 13% and the number of postings increased by 2% compared to the previous month. In which, motels lead in terms of growth of interest as well as postings, increasing by 33% and 12% respectively. Notably, searches for apartments for rent increased by 14%.
In addition to the above positive factors, according to the real estate market report in the second quarter of 2023, experts of the analyst unit, apartments and private houses are the types with a small discount, even keep prices or increase slightly in some areas. Real estate market data in July 2023 further reinforces this statement when it shows the selling price level of all apartment segments in Hanoi and Ho Chi Minh City. Ho Chi Minh is passing by.
Mr. Le Bao Long, Chief Strategy Officer of Hanoi Real Estate, said that real estate for rent that serves affordable housing needs and/or has a flexible payment schedule will be one of the early recovery segments. market, because owning a home is still a necessity in a country with a constantly growing population.
Real estate market is getting better
In fact, for the current market, most experts believe that the difficult period has passed and more positive signals appear. However, it will be difficult for the market to be active right now.
Because according to Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, the last macro factors must have a certain lag and the market needs to recover step by step. Therefore, he believes that the 2023 real estate market in the second half of the year is still flat, without many highlights. If the capital flow from banks is good, it will take 2 more quarters, most recently the 2nd quarter of 2024 to stabilize.