Part 6/11:
Vietnam's housing sector faces a stark affordability crisis. The rapid escalation of property prices, coupled with modest income growth—which hovers around 6% annually—means that housing remains largely inaccessible for young and low-to-middle-income residents. The high ratio of median home prices to household income ranks Vietnam among the most expensive countries in Southeast Asia, second only to China.
For young Vietnamese, two main barriers to homeownership emerge: saving enough for a substantial down payment (approximately 40%) and securing affordable mortgage loans, with interest rates ranging from 6% to 10%. These hurdles often discourage young individuals from pursuing ownership, leading many to conclude that renting is the only feasible option.