Hà Nội’s property market continued showing signs of recovery as successful land auctions fetched higher prices, with residents voicing concerns over inflated prices.
The association said that the real estate market normally has about 300,000 - 400,000 practising brokers. After the 2023 Real Estate Business Law officially took effect, individual brokers must have certificates.
Despite global uncertainties, Việt Nam, with its strong fundamentals, continues to remain resilient and attractive to foreign investors, as confirmed by the property research firm CBRE.
Intervention in response to increases in the real estate transaction price index, is one of important contents of Decree 96/2024/NĐ-CP (Decree 96), effective from August 1.
Three major new laws related to property ownership, recently approved by the National Assembly, are expected to bring about changes to the market, said business insiders and experts.
The sluggish property market is expected to benefit from a surge in foreign direct investment and amendments to the Land Law, experts told a forum in HCM City on Wednesday.
This year is expected to mark the final stage of overcoming obstacles in the Vietnamese real estate market. The market will gradually achieve stability, potentially leading to a more positive outlook.