The apartment segment has the best liquidity in the market.

Experts say that apartments are also the type of property that will create momentum for the recovery of the real estate market in the first two quarters of 2024, especially in the two major cities of Hanoi and Ho Chi Minh City.

A survey by Batdongsan.com.vn shows that the number of apartment searches is moving in the same direction as the price fluctuations. If calculated from October 2023 to now, the number of apartment searches peaked around March 2024 and has now increased by 29% in Hanoi and 32% in Ho Chi Minh City.

Next, the private house and land segment in the past two quarters also recorded positive changes in both searches and transactions. Compared to the first quarter of 2023, searches for land recovered by about 33%, and searches for private houses recovered by about 18%.

Some brokers commented that transactions in the private housing segment have been relatively stable since the beginning of the year. However, the level of interest and transactions in land and private houses has only improved locally in Hanoi, while in most other northern provinces, the market is still quite quiet. In the Central region, the Da Nang market has become a bright spot for private houses and land. Meanwhile, in the Southern market, this segment is gradually improving in the market after a price adjustment.

The resort real estate segment continues to be gloomy and is the most sluggish type of real estate market in the first half of this year. However, experts say that this segment is also starting to show certain signs of recovery. Among them, resort villas and townhouses have recorded a clearer recovery than condotels (hotel apartments).

The transformation of resort real estate is only taking place locally in the northern provinces and is expected to develop along the road tourism route with the support of traffic infrastructure routes. Meanwhile, in some southern provinces - which are considered to have advantages in sea tourism such as Binh Thuan, Ba Ria - Vung Tau, Phu Quoc ... the resort real estate segment has not yet improved, showing no signs of growth again.

According to experts, the effectiveness of related policies such as the 2024 Land Law, the 2023 Housing Law, and the 2023 Real Estate Business Law, which were pushed forward by 5 months and applied from August 1, 2024, is a strong point that will create momentum for the real estate market in the coming time.

However, the real estate market is still in an exploratory state in the third quarter of 2024. The "reversal" cycle to growth and stability of the real estate market will last from the second half of 2024 to the end of 2026 with different developments between segments.