The real estate market remains attractive despite COVID-19 | Business

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Illustrative image. (Photo: VNA)

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

Nei MacGregor, Managing Director of Savills Vietnam, said that the residential real estate segment still has advantages, especially those in urban areas will develop strongly while giving an assessment of the overall picture of Vietnamese real estate in 2021 and in the first months of 2022.

According to David Jackson, Managing Director of Colliers Vietnam, for individual investors, residential real estate in the suburbs of Ho Chi Minh City and Hanoi is a segment that deserves to be considered in 2022. Concretely, products at reasonable prices, high quality living space and utilities will be suitable choices for the long term
investment.

In addition, industrial real estate and logistics continue to soar. It has been a sought-after segment for the past few years and will continue in the years to come, creating momentum for growth as manufacturing plants begin to set up in Vietnam to invest in new projects.

MacGregor cited the recent announcement that a LEGO factory will be built in Vietnam and will apply high environmental, social and governance standards to their designs as a case in point.

New trends have appeared in real estate Marlet, especially in the office segment due to a protracted pandemic. One of the most recognizable post-pandemic trends around the world is the combination of work from home and office models.

When it comes to housing and resort investment segments, homebuyers are looking for real estate in the city’s suburbs, according to global trends. The owners of this real estate product choose to settle in the countryside in search of open spaces and to enjoy the atmosphere close to nature. Vietnam is also following the global trend with the emergence of attractivemarkets located in Bao Loc, the towns of Da Lat in Lam Dong province and the coastal destination of Ho Tram in Ba Ria-Vung Tau province.

Another common trend is digital real estate investing which appeared before the pandemic and is now growing rapidly. Due to the fragile market, people are starting to buy shares of real estate products online and this trend is expected to continue to increase in 2022, according to experts./.


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