First study on consumer sentiment in real estate in Vietnam released
Up to 92 percent of the respondents said they intend to purchase a home in Vietnam and more than half of them wish to buy a home within the next two years, according to a study by property portal Batdongsan.com.vn, a member of Singapore-based property technology group Property Gurus.
Hanoi (VNA) – Up to 92 percent of the respondentssaid they intend to purchase a home in Vietnam and more than half of them wishto buy a home within the next two years, according to a study by propertyportal Batdongsan.com.vn, a member of Singapore-based property technology groupProperty Gurus.
The Vietnam Consumer Sentiment Study was announced byBatdongsan.com.vn in a virtual event on February 24. It is the first of itskind in Vietnam looking into consumers’ sentiment in real estate.
Before Vietnam, similar reports have been released by the group in Singapore, Indonesia, Malaysia and Thailand since 2009, said CEOof Batdongsan.com.vn Robert Vu.
In Vietnam, the study had been conducted online since lastNovember, attracting 1,000 respondents. It aims to measure consumers’ perceptionon the property market and their expectations about the market outlook andfuture trends. The study will be released twice a year.
Vu said Vietnamese are now paying more attention to greenliving space and want to own a more spacious house. Many of them even want tomove to suburbs or less-crowded areas. Hanoi and Ho Chi Minh City are the top choicesamong potential homebuyers, he added.
The study also shows that 52 percent of the respondentsfind property prices in Vietnam too high and the high prices remain the biggest challenge to potential buyers. Up to 72 percent believe that the prices aregoing down because of COVID-19, while 31 percent expect that propertyprices will continue to rise by over 10 percent within the next 5 years.
About 55 percent are living on a residential land and 25percent, in a condo apartment./.
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Illustrative photo. (Source: VNA) 
