The laws relating to the property market, such as the Land Law, Housing Law and Real Estate Business Law, are expected to support the sector and the overall economy too.
In the fourth quarter of 2023, overall brokerage revenue of securities companies fell 21 per cent from the third quarter, while the outstanding balance increased by around 15,000.
Real estate firms are offering higher salaries and brokerage fees to attract quality brokers in a market where homebuyers have become more cautious and demanding.
VPS continues lead the brokerage market with its market share increasing sharply from 17.1 per cent in the second quarter of 2022 to 18.71 per cent in the third quarter, while SSI''s market share reduced from 10.02 per cent to...
Viet Nam''s real estate market needs stricter regulations to standardise real estate brokers for the domestic property market to operate transparently.
The Viet Nam Real Estate Brokerage Association forecasts the housing real estate market in 2021 to have more optimistic developments due to the effective prevention of the COVID-19 pandemic and domestic economic recovery momentum.
The industrial market is the only real estate sector that has enjoyed positive progress in both rental rates and occupancy rates during the COVID-19 pandemic.
Real estate brokerage activities should be professionalised and often individual sellers need better training, especially when the market is in need of momentum after the COVID-19 pandemic, experts said.