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The jobs of real estate agents are in high demand again now that the market recovery is looming

Vaseline 4 weeks ago

By Anh Tu April 20, 2024 | 11:57 PM PT

The jobs of real estate agents are in high demand again now that the market recovery is looming

Customers and real estate agents view a diorama of a real estate project in Hai Phong City in March. Photo by VnExpress/Anh Tu

Real estate agents, many of whom moved on to other jobs last year, are now looking to return to the market as it shows signs of recovery.

In recent weeks, Hanoi-based Bao Ngoc has been searching for real estate agent vacancies after learning that some of her former colleagues had found jobs.

Ngoc, 32, had worked in the sector for five years, selling land and houses in the capital, but, like many others, quit last year to sell cosmetics online.

She said: “Even one successful deal can generate a higher income than months of selling cosmetics. I want to make a lot of money now that the market is showing signs of recovery.”

Nguyen Minh Duc, director of a real estate brokerage in Hanoi, said many former employees have called him in recent weeks looking for opportunities to return to work.

His brokerage previously had 250 brokers, but at the end of last year only 15.

The company is now selling lots in the northern province of Bac Giang and expects to employ 50 agents by the end of this year.

Another real estate agency in the north recently said it had hired 200 agents last month.

That Xanh Services, one of the largest brokers in the north, wants to have 4,000 brokers by the end of this quarter, twice as many as a year earlier.

The survey of 760 former estate agents in the first quarter found that 13% had returned to the sector and 14% expect to return later this year.

In the first quarter, more than 1,000 brokers returned to the market and 900 new ones were established, it emerged.

Only 2.9% of brokers closed, compared to 30% last year.

Another survey by real estate platform Batdongsan found that 19% of 500 real estate agents said their companies had increased labor costs.

In Hanoi, apartment prices have risen 19% year-on-year, while land prices in the suburbs have risen 10-20% from last year’s lows.