The real estate market in Central Vietnam is experiencing notable shifts, as investors adapt their strategies and increasingly seek sustainable value. The recovery observed across the country, especially in areas like Quy Nhơn, Đà Nẵng, and Nha Trang, highlights the growing interest from both local and foreign investors.
Recent reports indicate significant changes from short-term speculative investments to more calculated, long-term strategies. Investors are prioritizing properties with clear legal titles and favorable locations close to major transport networks and industrial centers. This trend is particularly evident around urban centers, as investors see the potential for sustained growth.
According to industry experts, one of the key drivers for the current real estate dynamics is the declining interest rates. Following directives from the State Bank of Vietnam, lending rates have dropped to approximately 6% per annum, enabling broader access to financing. This reduction, the sharpest seen in two decades, is anticipated to stimulate market liquidity and drive transaction volumes higher as 2024 approaches.
During the third quarter of 2024 alone, the Vietnam Association of Realtors reported more than 22,412 real estate products were offered for sale, marking a 60% increase compared to the same period the previous year. Out of these, 10,400 properties were successfully transacted—up by 80% year-on-year—indicating clear recovery momentum.
Land lots, particularly, have shown breathtaking growth. For example, prices for land lots in Hoài Đức rose from around VND 55 million per square meter to VND 100 million per square meter, representing an 81% increase. Similarly, Đông Anh and Thanh Oai districts recorded increases of 53% and 90%, respectively. Such trends demonstrate not only investor confidence but also the burgeoning demand for residential and commercial properties.
What makes Central Vietnam, especially Quy Nhơn, stand out is its significant potential highlighted by infrastructure projects. Home to numerous hotels and tourist facilities, the city boasts comprehensive transport links: road, rail, air, and water—essential for maintaining economic growth. Major highways and future projects like the North-South Expressway are expected to be completed by 2025, allowing for smoother cargo and passenger flows.
Recent data from the Bình Định Construction Department revealed almost 2,000 land transactions took place during the third quarter of 2024, highlighting the competitive nature of the Quy Nhơn market. With average prices hovering around VND 32.4 million per square meter, they remain substantially lower than those of its coastal counterparts, propelling investments toward this promising city.
Real estate developers are already taking advantage of the economic upswing by launching new projects. The Quy Nhơn Iconic project, developed by Phát Đạt Real Estate Development Company, has attracted attention due to its key location and completed financial obligations for the first phase of development. The project, spanning 43.16 hectares, offers modern amenities and excellent connectivity, significantly boosting its market appeal.
While the coastal regions have traditionally attracted investors for their scenic allure, the central cities are now on the radar for many. Investors seeking affordable properties with growth potential are turning to Quy Nhơn, viewing it as the promising frontier of the real estate market. The combination of lower initial investment costs and the projected enhancement of infrastructure signals great future value.
According to local analysts, the overall upward trend indicates not just recovery from the pandemic slowdown but also the broader resurgence of investor confidence across the Vietnamese real estate market. The region’s potential as an investment hotspot is beginning to take shape, leading many to speculate about sustainable growth fueled by infrastructure as well as commercial and residential demand.
Looking forward, as projects materialize and infrastructure improves, the heightened investor interest is expected to drive prices and transactions even higher. With the market already showing signs of revitalization, Central Vietnam stands poised to become one of the most attractive real estate markets for medium to long-term investments. Investors appear ready to seize opportunities, making the anticipated growth of the real estate sector all the more exciting.
