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What is the real estate market situation in the early stages of 2024?

According to assessments, the real estate market in 2024 will have more positive aspects than the previous year. Forecasts for this year are more optimistic, mainly due to a number of positive factors from both the economy to policies and consumer trends.

• Stable economic situation: Stability in Vietnam's economic growth is an important factor driving the real estate market in 2024. When an economy develops, the demand for housing and investment projects increases. Real estate investment often increases.
• Infrastructure investment: The government is focusing strongly on infrastructure investment, creating new development areas. This will attract the attention of investors and home buyers, and create great opportunities for the real estate market in 2024.
• Rising housing demand: The growing young population, along with income growth, creates an increasing demand for housing. This promotes the development of the commercial housing market, especially social housing and low-cost housing projects.

Information from the Vietnam Association of Real Estate Brokers (abbreviated as VARS) has just announced a boom in the implementation of large-scale projects across the country in the first days of the last quarter of 2023. These projects include a variety of types, spreading from North to South, creating momentum to promote transactions and new supply to the real estate market.

In Ho Chi Minh City and surrounding areas, the opening of the next phase of projects such as Akari City, Glory Heights, Mastery Center Point, The Global City of Masterise Homes, The Privia Binh Tan of Khang Dien, and Eaton Park in Ho Chi Minh City; Eco Village Saigon River, Fiato City in Dong Nai; Picity Sky Park, Bcons Polaris, Astral City in Binh Duong, Sycamore Capitaland.. have begun to attract the real estate market in 2024.

Important notes when investing in real estate in 2024

In the 2024 real estate market, investors need to consider the following issues:

• Research the market thoroughly: This is the most important step before investing in real estate in 2024. It is necessary to carefully analyze the economic situation, interest rates and market management policies.
• Choose projects with transparent legality: You should only invest in projects with clear legalities, certified by authorities and from reputable investors.
• Understanding real estate market management policies 2024: The government is tightening management of the real estate market, understanding the new policies is extremely important.
• Make a clear investment plan: Clearly define your goals, time and amount of capital to invest to have a reasonable plan.
• Avoid investing according to trends: Don't get caught up in trends, make decisions based on analysis and overall assessment of the 2024 real estate market.
• Financial and legal readiness: Prepare financial backup and understand relevant legal regulations to avoid risks and violations of the law.

These necessary steps will help investors make smart and careful real estate investment decisions in 2024.