Vietnam residential real estate market size is projected to exhibit a growth rate (CAGR) of 11.37% during 2024-2032. The rapid urbanization and the expanding middle-class population, continuous improvements in healthcare, tourism, and education services, and the increasing availability of lower interest rates for home loans represent some of the key factors driving the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032 |
Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 11.37% |
Residential real estate refers to properties primarily intended for personal living, such as houses, apartments, condominiums, and townhouses, which are designed to provide individuals and families with a place to reside. Its location heavily influences its value, especially its proximity to amenities, schools, and transportation. It includes single-family homes, multi-family dwellings, and apartment complexes, each with unique characteristics. It can be owned outright or through leases. Its value can increase over time, offering potential financial gains to owners. It helps in providing a place for individuals and families to live, offering security and stability. Besides this, it can serve as an investment to generate monthly rental income. Moreover, it is widely used for vacation purposes, providing a getaway spot for personal use or renting it out when not in use.
At present, the inflating income levels of individuals in Vietnam are allowing them to invest in residential properties for housing or as an investment. Additionally, rapid urbanization and the expanding middle-class population in the country are the major factors contributing to the market growth. People are migrating from rural to urban areas in search of better job opportunities and lifestyles, creating a natural demand for housing in cities. Along with this, the increasing availability of lower interest rates for home loans is attracting more individuals to own a property. Apart from this, governing agencies in the country are continuously focusing on promoting favorable policies for homeowners and real estate investors, such as tax incentives and affordable housing schemes. These initiatives make the prospect of investing in residential real estate more attractive and accessible to a broader demographic. Furthermore, the escalating demand for smart, eco-friendly homes that are constructed with sustainable materials and promote environmental health is offering a favorable market outlook in the country. Smart thermostats and energy-efficient insulation reduce the need for excessive heating and cooling, maintaining comfortable indoor temperatures with less energy use. Besides this, the integration of low-flow faucets, smart irrigation systems, and rainwater harvesting in eco-friendly homes is contributing to water conservation. In addition, the increasing health awareness among people in Vietnam and their rising preferences for amenities like gyms, pools, and security services are driving residential complexes to include these features. In line with this, continuous improvements in healthcare and education services in Vietnam are elevating the standard of living, which, in turn, is making higher-quality residential options more appealing.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes apartments and condominiums and villas and landed houses.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Apartments and Condominiums, Villas and Landed Houses |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |