Phu Yen has only 1 active real estate trading floor.

The data has just been announced by the Department of Construction of Phu Yen province in a notice on the activities of real estate trading floors in the province.

Accordingly, as of May 7, the province has 7 real estate trading floors, but 6 of them are temporarily suspended or no longer operating.

Specifically, 4 real estate trading floors are no longer operating, including: Money Real Estate Floor (Dai Hung Ha Company Limited) is no longer operating at the registered location; Hong Phuc Land Floor (Hong Phuc Land Investment Consulting Company Limited) because the enterprise has dissolved; Comreals Floor (Comreals Real Estate Company Limited) according to the notice of termination of operations of this enterprise.

Viet Thanh Land Real Estate Trading Floor (Viet Thanh JSC) is no longer operating due to moving its address to Ho Chi Minh City.

Of these 4 floors, 1 floor was established in April 2018, which is Viet Thanh Land; 2 floors were established in 2020, which are Money and Comreals; the remaining floor was established in March 2022.

Two real estate trading floors have temporarily suspended operations: Bich Hop Floor (Bich Hop Company Limited) and Gia Thanh Land (Gia Thanh Land Real Estate Brokerage and Services Company Limited, temporarily suspended operations). The two floors were established in March 2018 and August 2020, respectively.

The real estate trading floor that is still operating is Comhomes Phu Yen, established by Comhomes Company Limited. However, this floor was only established on March 5, 2024.

The fact that most real estate trading floors in Phu Yen province are no longer operating or have temporarily stopped operating is believed by many to be due to the difficulties of the real estate market in recent times. Along with that, the Phu Yen real estate market has very little supply of newly completed projects.

It is noted that in the late 2022 and early 2023, the real estate market was sluggish, liquidity "frozen", causing brokers to quit their jobs en masse, many businesses and trading floors also had to cut staff to maintain operations.

According to the Ministry of Construction, the situation of staff reduction in real estate enterprises is happening not only for small enterprises, but also for large enterprises. Many real estate giants have to cut staff in the first half of 2023 such as Dat Xanh Group with more than 1,380 employees, Dat Xanh Services with more than 1,240 employees...

However, in recent months, as the market has changed, many brokers have returned and joined real estate companies that are in need of recruiting staff.

According to a survey by the Vietnam Association of Realtors (VARS), in the first quarter of 2024, along with the return of supply and demand, transaction connecting intermediaries are also ready to re-enter the market, 20-30% of real estate brokers who left the market in the previous period have decided to return. 70-80% of trading floors are also ready to "light the fire" again.

In the April 2024 market report of a research unit, it also showed that although the rate of real estate brokers changing careers used to be above 30%, at the time of the survey in the first quarter of 2024, 13% of brokers who quit their jobs returned to the industry and 55% of brokers who quit their jobs expected to join in the near future.