However, increasing urbanisation in 2018 helped the real estate and construction materials market gain positive growth. The average floor area of houses nationwide was estimated at 24 sq.m per person, up 0.6 sq.m from 2017.
In 2018, Vietnam had roughly 25.5 million households, nearly 65 percent of which were small-scale (two to four family members). The proportion of single-person households made up about 8 percent, but has been increasing rapidly over the past five years.
Nam said this is an important factor in re-orienting the development of real estate products.
