The Ministry of Construction reported to the Government on the real estate market situation in the first quarter of 2025. Accordingly, in the first three months of this year, there were 33,585 transactions of apartments and detached houses nationwide. This number increased by 32% compared to the previous quarter but decreased by 6% compared to the same period in 2024.
In terms of land plots, there were up to 101,049 lots successfully traded nationwide. This result is a 16% increase from the fourth quarter of 2024 and a 3% increase from the previous year. Compared to apartments and detached houses, land plot transactions are three times higher.
According to the Ministry of Construction, for detached houses and land plots, housing and land prices in the first quarter of 2025 fluctuated more in local areas compared to the previous quarter due to information about provincial mergers. In provinces and cities with information about becoming new administrative centers, the price levels were pushed higher, and transaction volumes also tended to increase.
Especially at this time, land plots with a rapid increase in prices were recorded in some localities such as Bac Giang, Phu Tho, Ninh Binh, Thai Binh, Hung Yen, Hai Phong, and Dong Nai. However, this increase in price and volume is partly due to speculative transactions and poses potential risks to the market.
Given this situation, local management agencies have warned people to be cautious of unofficial information and implement control measures to enhance real estate market management in their areas.
The real estate inventory in the first quarter of 2025 was approximately 23,400 units/plots (including apartments, detached houses, and land plots), of which: 2,339 apartments, 9,376 detached houses, and 11,685 land plots.
The Ministry of Construction assessed that the real estate inventory in projects continued to decrease compared to the fourth quarter of 2024 but was uneven across different types of real estate. The inventory of detached houses accounted for about 83.5% compared to the fourth quarter of 2024, while the inventory of apartments and land plots remained higher than in the fourth quarter of 2024.
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