Vinh Phuc real estate market has an imbalance between supply and demand.

In 2025, the Provincial People's Committee approved more than 10 new real estate projects, mainly villas and luxury apartments, leading to an oversupply in this segment, while actual demand focuses on low-end, affordable housing.

One of the main reasons for this imbalance is the increase in land prices. In some areas such as Phuc Yen and Tam Duong, land prices have increased to 30-35 million VND/m², making it difficult for many people who really want to buy a house. In addition, some projects have not yet completed the transportation and utility systems, reducing their attractiveness to buyers. In addition, the tightening of real estate credit has made it difficult for many home buyers to access loans.

The consequence of the imbalance between supply and demand is low occupancy rates. Some new urban areas only reach 40-50% occupancy rate. If prices continue to rise without real transactions, the market may face a strong correction in the coming time. Investors are facing financial pressure due to large inventories, leading to strong price reductions to stimulate demand.

A corner of Nam Vinh Yen Urban Area (Vinh Yen). Photo: Chu Kieu

The real estate market in the province currently has a clear differentiation between segments. The high-end segment, including villas and luxury apartments, is having difficulty finding customers due to high selling prices and insufficient actual demand. Meanwhile, the mid-range and low-cost housing segment has high demand but the supply has not met it. The Thien Ke Xanh social housing project with a total investment of 1,658 billion VND has just started construction, and when completed, is expected to meet the demand for more than 993 apartments, reducing housing pressure in the area. ...

In addition to supply and demand issues, the real estate market is also affected by financial policies, especially interest rates on loans from commercial banks to buy houses. The tightening of real estate credit makes it difficult for many home buyers to access this source of loans. Current home loan interest rates range from 9 to 11%, higher than the average of last year, reducing people's access to housing.

Currently, the wait-and-see mentality is clearly appearing in the market. Homebuyers tend to delay their purchase decisions to wait for price reductions or better support policies. Meanwhile, real estate investors are also more cautious, limiting investment in new projects due to concerns about liquidity and profitability.

Despite the difficulties, there are still areas or projects in the area with good development potential. Large industrial parks such as Binh Xuyen, Ba Thien, Khai Quang are attracting many businesses, creating momentum for the industrial real estate market. In addition, social housing projects and well-planned urban areas are still receiving attention from buyers. Compared to provinces and cities such as Hanoi, Bac Ninh or Hai Duong , the real estate market in Vinh Phuc has clear differences. Hanoi has high housing demand but expensive land prices, while Bac Ninh and Hai Duong are developing strongly in industrial real estate.

Vinh Phuc has the advantage of being close to Hanoi and the infrastructure system is being improved, but it needs a reasonable development strategy to make the most of its potential. In recent years, the Provincial People's Committee has implemented many solutions to promote the real estate market to develop safely, healthily and sustainably. Some important solutions are to control and adjust supply and demand by requiring departments and branches to specifically assess the market situation, ensuring real estate development according to the law of competition but still have strict management. Along with that, limit speculation and price manipulation by controlling solutions to prevent hoarding, pushing up real estate prices for illegal profiteering. In addition, special attention is paid to the development of social housing.

Workers' housing projects and low-income housing projects are being promoted to ensure social security and create conditions for people to have the opportunity to own houses that suit their financial capacity. At the same time, investment in transport infrastructure and public utility systems is also being promoted to increase real estate value and attract residents.

In addition, increase information transparency by publicizing construction planning and project implementation progress. This helps people and investors have full information to make decisions, while avoiding rumors and market disruption.

In addition, banks have policies to support home loans with preferential interest rates to stimulate the market, helping people have more opportunities to access housing. The Provincial People's Committee also encourages the development of industrial real estate, taking advantage of large industrial parks such as Binh Xuyen, Ba Thien, Khai Quang to attract businesses and create momentum for the real estate market.

With the proposed solutions, the real estate market in the province will move towards a more stable direction in the next 3-5 years. Social housing projects will continue to be implemented to meet actual needs. Thanks to these synchronous solutions, the real estate market in Vinh Phuc can gradually stabilize and develop more sustainably in the future.

Thanh An

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/129408/Thi-truong-bat-dong-san-Vinh-Phuc-lech-pha-cung---cau