Binh Phuoc real estate market 2024: Plenty of opportunities for investment

DNHN - The real estate market in Binh Phuoc in 2024 has witnessed many significant changes and fluctuations.

With the strong development of infrastructure projects and the growth of industrial parks, Binh Phuoc is becoming an attractive destination for real estate investors.

In 2024, the Binh Phuoc real estate market has shown growth with many outstanding projects being implemented, especially in the industrial and service sectors. Interest in investing in technology, organic agriculture and processing agricultural products such as cashew nuts, pepper and fruit has driven the market. However, the market is also facing challenges from the supply-demand gap and difficulties in accessing capital.

Experts predict that the Vietnamese real estate market will start to recover from the second quarter of 2024 and will accelerate in 2025. This is supported by the passing of the new Real Estate Business Law and Housing Law, as well as support policies from the government, which will take effect from the beginning of 2025. Experts also emphasise that the development of transport infrastructure and the improvement of the investment environment will facilitate the industry and high technology.

The Binh Phuoc real estate market is expected to heat up due to the plan to build industrial parks by 2030. This will attract investment and create demand for housing due to the growth of new industrial parks. However, the market is also likely to continue to face challenges until the end of 2024, including restrictions on access to capital and legal issues.

The 2024 Land Law impacts Binh Phuoc real estate as the Law provides a more modern approach to land valuation, which could increase land prices by more accurately reflecting market value. New regulations on land use terms and methods of paying land rent will affect investment decisions and long-term development strategies of real estate businesses.

With an improved dispute resolution mechanism, investors may feel more secure investing in real estate, thereby promoting project development and sales. In particular, allowing the expansion of the limit on the transfer of agricultural land use rights, could promote agricultural development and have a positive impact on the real estate market in the process of urbanisation and rural development.

The emphasis on the issue of granting “red books” to land users, increasing transparency and protecting the rights of land users, thereby facilitating the sale and transfer of land use rights.

The changes in the 2024 Land Law are expected to create a more stable and transparent real estate investment environment in Binh Phuoc, thereby promoting the development of this market. Investors need to closely monitor legal changes to adjust their strategies and take advantage of opportunities from the new regulations.

Investors should closely monitor market developments and new policies to make appropriate investment decisions.

Hoang Gia - Tran Tung