Real estate credit is increasing, house prices cannot stay as they are now.

Dr. Can Van Luc speaks at the Forum.

Speaking at the Vietnam Financial Advisors High-Level Forum VWAS 2025 - an annual forum organized by the Finance - Investment Newspaper and the Vietnam Financial Advisors Community (VWA) today (September 25), Dr. Can Van Luc commented that "real estate credit is increasing". Specifically, up to now, real estate business credit has increased by 20 - 21%, double the overall credit growth rate of the entire system. Loans for home purchase and home repair have recovered more slowly, increasing by only 12%.

This expert also pointed out that the economy 's dependence on bank capital is increasing. As of mid-2025, bank credit accounts for 59% of the total capital supply to the economy while the proportions of FDI capital and public investment are 13.96% and 13.23%, respectively. These figures at the end of last year were 50.6%, 15.01% and 16.31%, respectively.

The bond and stock channels by mid-2025 only accounted for 9.95% and 0.23% respectively, while at the end of last year they were nearly 11% and 3.3%. This shows that the bond and stock channels have not yet become a long-term capital supply channel for the economy. In other words, the financial market is developing disproportionately.

For the real estate market, there are many supporting factors such as: the world economy is slowing down but not in recession, the Vietnamese economy is entering a new era, the domestic macro economy is stable, institutional breakthroughs, public investment and infrastructure development are promoted...

In addition, the current “extremely attractive” interest rate level also supports the real estate market (low interest rates are expected to be maintained in 2025-2026). Not to mention, a series of policies to remove obstacles for projects, encourage social housing... have been issued, a number of important laws continue to be studied and amended, which will also help the market develop sustainably.

However, experts also pointed out the biggest problem of the current real estate market is the imbalance of supply and demand, unreasonable segmentation, and too high housing prices. This is also the reason why the liquidity of the current housing segment is very weak.

According to a survey by an international organization, it takes a civil servant in Vietnam 26 years to buy an average-priced apartment, while the world average is 15 years. If there is no more drastic and synchronous solution in the near future, this number will continue to increase and the dream of owning a home for young people will become increasingly distant.

Therefore, Mr. Can Van Luc recommended solutions to solve the problem of real estate prices. Accordingly, management agencies need to accelerate the completion of institutions, legal frameworks, and build land and real estate databases. At the same time, there should be specific measures to handle the shortcomings that cause real estate prices to increase rapidly.

“We cannot let real estate prices increase forever like this. To do that, taxing second-hand real estate is just one thing, we need many synchronous solutions such as: Controlling the real estate credit valve, building a database to prevent speculation and price inflation; diversifying capital sources and products…”, Dr. Can Van Luc recommended.

Source: https://baodautu.vn/tin-dung-bat-dong-san-dang-tang-cao-khong-the-de-gia-nha-mai-nhu-hien-nay-d393807.html