Posted 1/5/2024, 7:50:49 AM
Vietnam Land Prices Plunge in 2023 with Demand and Transactions Seeing Record Lows
- The southern Vietnam land market remained in a downtrend in 2023 with plunging prices and transactions
- Prices fell 15-20% year-on-year in Q1 2023 and dramatically 30-50% in Q2 in some provinces
- Average land listing prices dropped 26% in the first 3 quarters compared to early 2023
- Demand hit an all-time low with an 80-98% yearly fall in transactions
- Experts predict the market struggle to persist in 2024 with cautious sentiment and tight credit