Continuing the 49th session agenda, the National Assembly’s Standing Committee provided feedback on the State Audit Office’s proposed audit plan for 2026, the 2025 work report, and the term’s performance report.
Chairwoman of the Committee on Deputies’ Affairs, Nguyen Thanh Hai.
During the discussion, Chairwoman Nguyen Thanh Hai noted that constituents expressed concerns about the current real estate market’s low liquidity and significant disparities between demand and pricing.
“At the Central Committee’s group meeting, the Auditor General mentioned plans to audit this sector. Given its urgency, collaboration among agencies like the State Audit Office and Inspectorate is essential to identify root causes, diagnose issues accurately, and implement effective solutions,” she emphasized.
Hai highlighted the stark gap between homebuyers’ demand and their financial capabilities, despite ample housing supply.
“While there’s a surplus of properties, genuine buyers struggle to access them due to a market dominated by high-end, luxury offerings. This mismatch has escalated into a societal issue, with young adults delaying marriage due to housing affordability challenges, even among those with stable incomes,” she explained.
She urged the State Audit Office to explicitly address real estate market audits in the 2026 plan, aligning with public expectations.
High Housing Costs Deter Young Adults from Marriage
According to the Vietnam Real Estate Market Research Institute (VARS IRE), soaring living costs and housing prices contribute to delayed marriages and declining birth rates among youth.
The trend of “marriage aversion and reluctance to have children” stems not only from high living expenses but also poses long-term risks to the real estate market.
VARS IRE warns that declining birth rates shrink household sizes and reduce new household formations. This contraction diminishes demand for housing, shifting preferences toward smaller, cost-effective units over larger homes.
As housing prices outpace most individuals’ financial means, many young people are abandoning homeownership aspirations in favor of long-term renting. This shift not only weakens property demand but also negatively impacts marriage and childbirth decisions, exacerbating future demographic challenges.
To prevent this cycle, VARS IRE recommends government policies to stabilize housing prices, expand affordable housing, provide financial support for young homebuyers, and promote marriage and childbirth, ensuring sustainable demographic foundations.
Deputy Prime Minister: Implementing Practical Housing Rental Policies
According to Deputy Prime Minister Tran Hong Ha, access to housing for workers remains a significant challenge. Therefore, implementing a rental housing policy is both practical and aligned with current realities.
SHS Research: A Lifetime’s Journey—80 Years from Youth to Silver Hair, Yet the Door to Home Remains Elusive
According to a recent analysis report released on September 24 by SHS Research, housing prices in Vietnam are increasingly becoming out of reach for the majority of the population. To restore the housing market to a sustainable trajectory, it is essential to treat housing as a fundamental social welfare necessity. Maintaining reasonable home prices relative to income requires a significant increase in the supply of social housing, coupled with improvements in public infrastructure and services.
Saving for 25 Years, Yet the Dream of Homeownership Remains Elusive Due to Skyrocketing Prices
Soaring home prices are eroding the dream of homeownership for millions of hardworking individuals, particularly young families, forcing them into an uneven race against the escalating cost of real estate.
Current Land Prices in Hanoi, Ho Chi Minh City, Da Nang, Hai Phong, and Beyond: A Comprehensive Overview
The Ministry of Construction reports that localized spikes in land prices occurred in certain areas at the beginning of 2025. However, these instances have since been effectively managed by local authorities, resulting in a more stable land market.
Decoding the Prime Minister’s Question: Why Do Condo Prices Keep Rising?
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