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Home price trends in Vietnam

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Home price trends in Vietnam

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House prices in HCMC, Vietnam: Jones Lang LaSalle Incorporated property price index (2018=100)

March, 17, 2023

Vietnam/HCMC

House prices in Ho Chi Minh City, Vietnam. Jones Lang LaSalle Incorporated releases a property index for HCMC Vietnam on a quarterly basis. The data started in 2018.

House prices in HCMC, Vietnam, % change 1 yr

Nominal and inflation-adjusted ('real')

Vietnam/HCMC

Source: Jones Lang LaSalle Incorporated


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20225.127.176.63-8.37
2021-1.223.544.091.85
2020-15.426.29-6.721.92
201924.33-1.642.135.73
2018-1.290.13-2.79

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.


House prices in Vietnam compared to the rest of the continent

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Your Guide to House Price Statistics
  • Adjusting for inflation

    Most agents overstate the upward movement in house prices. That's because their house price figures are nominal, i.e., not adjusted for inflation. If house prices have risen by 5% during the past year, but inflation has been 5%, the real increase in the value of the house has been zero.

    That's why our graphs show house price changes both nominal and real.

    Nominal house price changes = the figures published by most official statistical sources.

    Real house price changes = house price changes after adjusting for inflation.

  • House price statistics elsewhere

    We generally use Central Bank or National Statistical Institute data. But occasionally, we use data generated by realtors.

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