Vietnam real estate market faces slowdown amid high interest rates

Vietnam real estate market mortgage interest rates housing supply market liquidity social housing

The Vietnamese real estate market is facing a period of adjustment in 2026, characterized by high mortgage interest rates and declining liquidity. Reports from VIS Rating and MBS indicate that average mortgage rates have reached between 14% and 16%, causing buyers to become increasingly cautious. Consequently, total real estate transactions in the first half of 2026 fell by 18% compared to the previous year.

While the supply of new apartments in major markets like Hanoi and Ho Chi Minh City has increased significantly—up 33% in the first half of the year—the absorption rate has dropped. In the second quarter, the absorption rate for new supply fell to 73%, down from 95% in 2025. In Hanoi, secondary market apartment prices have seen adjustments of 10% to 20% due to this combination of high supply and high interest rates.

Financial pressure is also affecting developers. Real estate credit growth slowed to 8.6% in the first half of 2026, compared to 15% in the same period of 2025. To mitigate these risks, some developers like Vinhomes have introduced interest rate cap policies to provide stability for buyers. Meanwhile, in regions like Ha Tinh, authorities are working to expand capital channels for social housing to meet rising demand.

Entities

Hanoi · HoREA · Hoang Yen · Hà Tĩnh · MBS · VIS Rating · Vietnam · Vinhomes

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Apartment prices for a 60m2 unit in certain areas have increased by 600 to 800 million VND over two years. reatimes.vn
[○ 1 SOURCE] Rising house prices and high interest rates are impacting the ability of young people to purchase homes. reatimes.vn
[DISPUTED] Mortgage interest rates are currently ranging from 12% to 14% per year, with some floating rates reaching 15% to 16%. reatimes.vn
[DISPUTED] Mortgage interest rates are averaging between 14% and 16%. kinhdoanhvaphattrien.vn · thoibaonganhang.vn · kienthuc.net.vn
[● 2 SOURCES] New apartment supply in Hanoi and Ho Chi Minh City increased by 33% during the first six months of 2026. kinhdoanhvaphattrien.vn · kienthuc.net.vn
[● 2 SOURCES] The absorption rate for new housing supply in Hanoi and Ho Chi Minh City dropped to 73% in the second quarter of 2026. kinhdoanhvaphattrien.vn · kienthuc.net.vn
[● 2 SOURCES] Total real estate transactions in the first half of 2026 decreased by 18% compared to the same period last year. thuonggiaonline.vn · cafebiz.vn
[○ 1 SOURCE] Real estate credit growth was 8.6% in the first half of 2026, down from 15% in the same period of 2025. kienthuc.net.vn
[○ 1 SOURCE] In Ha Tinh, social housing lending reached 336.2 billion VND for 439 customers in the first eight months of the year. doanhnghiephoinhap.vn
[● 2 SOURCES] Secondary apartment prices in Hanoi have adjusted downward by 10% to 20% depending on location. thuonggiaonline.vn · cafebiz.vn
[○ 1 SOURCE] The market absorption rate for the second half of 2026 is projected to be between 40% and 50%. cafebiz.vn