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Real estate market remains attractive despite COVID-19

The real estate market remains attractive and many segments are expected to become bright spots to accelerate the market growth in 2022 thanks to the flexible response.
Real estate market remains attractive despite COVID-19 ảnh 1Illustrative image. (Photo: VNA)

Hanoi (VNA) – The Vietnamese economy faces many difficulties this year due to the COVID-19pandemic and the real estate market is no exception. However, the real estatemarket remains attractive and many segments are expected to become bright spots toaccelerate the market growth in 2022 thanks to the flexible response.

Nei MacGregor, GeneralDirector of Savills Vietnam said the residential real estate segment still hasadvantages, especially those in urban areas will develop strongly while giving an assessment on the general picture of Vietnam’s real estate in 2021 and in the firstmonths of 2022.

According to David Jackson,General Director of Colliers Vietnam, for individual investors, residentialreal estate in the suburbs of Ho Chi Minh City and Hanoi is a segment that worthconsidering in 2022. Specifically, products with reasonable prices, highquality of living space and utilities will be suitable choices for long-terminvestment.

Besides, industrial realestate and logistics continue to be forecast to skyrocket. This has been asought-after segment for the past few years and it will continue in the comingyears, creating growth momentum as manufacturing plants begin to set up establishmentsin Vietnam to invest in new projects.

MacGregor cited the recentannouncement that a LEGO factory will be built in Vietnam and apply high environmental,social and governance standards to their designs as a typical example.

There emerged new trends inthe real estate market, especially in the office segment due to a prolonged pandemic.One of the most recognisable trends in the post-pandemic in the world is thecombination of work-from-home and office models.

Regarding housing and resortinvestment segments, homebuyers are looking for real estate in the suburbs ofthe city, according to world trends. Owners of this real estate productchoose to move to the countryside in search of open spaces and enjoy theatmosphere close to nature. Vietnam also follows the world trend with the emergence of attractivemarkets located in Bao Loc, Da Lat cities of Lam Dong province and Ho Tram coastal destination in Ba Ria-VungTau province.

🐷 Another common trend isdigital real estate investing that appeared before the pandemic and is nowgrowing rapidly. Due to the fragility of the market, people are starting to buyshares of real estate products online and this trend is expected to continue toincrease in 2022, experts said./.

VNA
#real eatate #attractive #investment #market #Vietnam Plus #Vietnam News Agency

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