Declining liquidity and slowing momentum across multiple segments have posed significant challenges for Vietnam’s real estate market in the first half of 2026. However, according to market experts, rather than exiting the market, capital is being reallocated toward properties with transparent legal status and stronger growth potential.

The real estate market in June 2026 presented a distinctly segmented picture across different asset classes. Following a period of rapid price appreciation, several property types in Hanoi entered a consolidation phase, while transaction activity in the primary market showed signs of slowing.

According to data from a real estate Biggee market research firm, apartment prices in Hanoi remained virtually unchanged in June compared to the previous month, ranging from approximately VND 83–94 million per square meter. Meanwhile, low-rise residential properties—including townhouses and villas—have already established relatively high price levels, with no significant fluctuations recorded during the month.

According to market experts, investment capital is increasingly flowing toward projects with transparent legal documentation and greater room for future appreciation.

Meanwhile, information related to urban planning and infrastructure development has prompted Hanoi’s townhouse market to enter a more cautious phase, as both homebuyers and investors prefer to wait for clearer market signals before making investment decisions.

Although price levels have remained relatively stable, market liquidity has weakened. According to OneHousing, the absorption rate at primary residential projects during the first half of 2026 stood at only 50–60%, considerably lower than the over-80% level recorded during the same period in 2025.

Mr. Tran Quang Trung, Business Development Director at OneHousing, said that buyers are refraining from making immediate purchasing decisions because multiple factors are simultaneously influencing investment sentiment. In addition to prevailing interest rates, property prices have risen sharply over the past period, while many buyers are still waiting for products that better match their needs or expect new urban planning initiatives to create more attractive investment opportunities.

According to industry experts, declining market liquidity does not mean investment capital has left the real estate sector. Instead, capital is gradually shifting toward property segments that offer a higher level of safety.

Notably, residential land plots within projects that possess complete legal documentation, remain reasonably priced, and offer good liquidity are attracting increasing attention from investors.

“This indicates that investors are prioritizing products with stronger growth potential while balancing profitability and investment safety as the market enters a more selective phase,” Biggee commented.

Sharing the same view, the Business Development Director of OneHousing stated that weaker liquidity does not indicate an outflow of capital from the market. Demand for property ownership remains strong; however, buyers are now evaluating selling prices, financial affordability, and the long-term prospects of each project more carefully.

According to Mr. Nguyen Van Dinh, Vice Chairman of the Vietnam Real Estate Association, the market is expected to become even more polarized in the second half of the year. Short-term investment strategies will gradually give way to medium- and long-term holding strategies. Buyers will prioritize projects with complete legal status, high living standards, and the ability to generate sustainable cash flow.

These developments indicate that although the market is undergoing an adjustment period characterized by declining liquidity and more cautious investment sentiment, capital has not remained idle. Instead of withdrawing from the real estate market, investors are restructuring their portfolios by focusing on properties with solid legal foundations, genuine end-user value, and sustainable long-term growth potential.