The real estate market at this time is still considered by experts as an attractive investment channel when cheap money everywhere is pouring into the land, creating impulses that will lead the market to grow strongly by the end of 2021.
Real estate continues to grow hot
According to the newly released Housing Real Estate Industry Outlook Report of VNDirect, both Hanoi and Ho Chi Minh City have just experienced a housing fever. Accordingly, land prices on the secondary market increased sharply, especially urban land in peri-urban districts.
In Hanoi, there were areas that saw a sudden increase in prices in the first 4 months of the year such as housing prices in Dong Anh increased by 75.5% over the same period last year, this figure in Thanh Tri increased by 25.6%. In Ho Chi Minh City, housing prices in Cu Chi recorded an increase of 27.7%, Hoc Mon reached 21.1%.
Land prices in these areas increased sharply mainly due to the impact of policies such as the announcement of the draft master plan on the Red River and the proposal to bring up the 5 districts of Hoc Mon, Binh Chanh, Nha Be, Cu Chi and Can Gio. district, in parallel with the proposal to establish a city. The Northwest includes Cu Chi and Hoc Mon.
Stocks reverse continuously, investors put capital into real estate
In fact, in recent times, when the Covid-19 epidemic broke out, not only in Vietnam but also in the world, real estate is still a potential investment channel. The economic crisis caused by the Covid-19 epidemic has pushed investors to seek safe haven channels, while stocks and gold fluctuate up and down, savings interest rates plummet, real estate is considered an effective money-keeping channel. results when the economy is unstable.
In Vietnam, since March 2020, the real estate fever has continuously appeared after 3 epidemics in January 2020, June 2020, January 2021. The segments from inner-city and suburban real estate to real estate in tourist cities have seen price increases of 20-50%. In particular, there are commercial real estate segments with an increase of up to 70%.
Currently, although the 4th epidemic is complicated, but with the Government's drastic suppression of the epidemic along with the Covid-19 vaccination campaign, many experts predict that Vietnam will quickly control it. disease and restore economic growth. Following that, the real estate market at the end of the year will continue to have impressive growth prospects.
Urban suburban land, low-rise real estate are sought after
In fact, the current wave of investors looking for valuable real estate is increasing strongly. However, not all real estate products are targeted by investors. Urban suburban housing, low-rise commercial real estate segment in large urban areas are becoming "hot goods" in the market.
Stocks reverse continuously, investors put capital into real estate
Commercial low-rise real estate segment in large urban areas is becoming a "hot commodity".
In Ho Chi Minh City and some neighboring provinces such as Dong Nai and Long An, low-rise supply will also continue to be scarce, low-rise products will not be available until 2022.
For Hanoi, the shortage of low-rise project supply will not be reduced until 2022 when some urban areas in remote areas such as Dong Anh, Dan Phuong (Hanoi), Hung Yen. …. debut.
Currently, in Hanoi, there are almost no low-rise projects opened for sale in the first 6 months of 2021, the supply in the market comes from a few rare projects launched from the end of 2020, but this quantity are also gradually scarce in the market. For example, the Shophouse Him Lam Van Phuc project (Ha Dong District, Hanoi), although just opened for sale before the New Year's Day, according to information from Him Lam Land developer and business, nearly 90% of the sales. Commercial townhouses here have been liquidated. Even the secondary market recorded a transfer difference of up to half a billion dong for beautiful apartments.
Assessing the prospect of real estate in the coming time, Mr. Nguyen Van Dinh - Vice Chairman of Vietnam Real Estate Brokers Association said that real estate is still the most sustainable investment channel. In the coming time, it is likely that real estate prices will continue to increase due to the scarcity of supply and the pressure from rising input material prices.
“In the context of the apartment segment slowing down, even reducing prices, villas, townhouses, and shophouses in urban areas have had positive growth. With the forecast that the supply will continue to be scarce while the massive influx of cheap money will cause not only low-rise real estate in the suburbs but also in the provincial markets will also witness growth at the end of the year," he said. Dinh said.
Xuân Thạch
From Vietnamnet