Real estate awaits a "revival".

The real estate market in the southern wards of Hoa Binh province, located in the central region, remains in a deep slump. Liquidity has decreased, with more sellers than buyers. In this context, some projects are still waiting for opportunities to recover from new policies.

The real estate market in the southern part of the province is anxiously awaiting a "revival".

"Stuck" due to low liquidity.

Observations in the central southern wards of the province, including areas that were once the urban core of the former Hoa Binh province such as Hoa Binh, Thai Binh, and Tan Hoa wards, show that the real estate market has remained sluggish for the past few months. The vibrant buying and selling atmosphere that existed before the province's merger has almost disappeared, giving way to caution and reserve from both buyers and sellers.

Even on many streets considered to be in prime locations, numerous "for sale" signs appear, but few transactions are successful. Many homeowners are willing to lower prices compared to peak periods, but still struggle to find suitable buyers.

Ms. Tran Thi Loan, a resident of Tan Hoa ward, shared: "My family owns a house on the main road. Previously, many people inquired about buying it, but now very few do. Many people want to sell, but those with money aren't in a hurry to buy because they're waiting for prices to drop further."

According to local brokers, the land plot and detached house segments in the southern wards of the province are facing the most liquidity difficulties. Short-term investors have largely withdrawn from the market, while buyers with a need for housing are still carefully considering price, legal aspects, and financial capabilities.

Furthermore, the recent tightening of real estate credit and the rising interest rates in banks have also narrowed the flow of money into this market. Many transactions that previously relied on financial leverage are no longer feasible, forcing sellers to hold onto their properties and wait for better times.

The developer chose a slow but steady approach.

Despite the overall sluggish market, several real estate projects in the southern wards of the province are still being implemented according to plan and schedule. Notably, the La Perla Riverside urban area project, located in Hoa Binh ward, is one such project.

The project, spanning over 6 hectares and comprising hundreds of apartments and villas, is currently accelerating the construction of infrastructure and townhouses. It is considered to have a prime location with significant potential for urban development in the medium and long term.

Mr. Nguyen Van Thang, an employee at the La Perla Riverside urban area project, said: “We have determined that the current market is not favorable for a mass sales launch. The company prioritizes completing the infrastructure and constructing townhouses in accordance with the approved legal documents. When market conditions are suitable, the project will be launched.”

According to experts, the fact that developers are still proceeding with projects despite the difficulties shows a clear market selection process. Businesses with strong financial capabilities, long-term vision, and a sustainable development orientation are gaining an advantage over investors who chased short-term trends in the past.

The southern wards of the province, serving as the administrative and urban center of the former Hoa Binh province, are still considered to have stable real housing demand. This is seen as a foundation for housing projects with clear legal status to gradually regain liquidity when the market recovers.

One factor expected to significantly impact the real estate market in the near future is the real estate identification policy. According to Government Decree 357 on the construction and management of information systems and databases on housing and the real estate market, from March 1st, each property will be assigned a unique electronic identification code.

This identification number acts as a "identity card" for the property, linking it to all legal information, planning details, current usage status, and transaction history. This identification is expected to create a major shift in state management and increase market transparency.

Many investors in the southern wards of the province believe that this policy will make real estate speculation and short-term trading more difficult. Mr. Nguyen Van Manh, a long-time investor in Hoa Binh ward, commented: "When every property has its own unique code and clear information, buying and selling quickly to drive up prices will no longer be easy. The market may slow down, but it will be safer and more sustainable."

From the perspective of the public, real estate identification is expected to help reduce risks in transactions, especially disputes related to legal matters and planning. Buyers can easily look up information, thereby making more informed decisions.

For the real estate market in general, and in the central wards of the southern part of the province which are no longer the former provincial center, this policy is expected to help readjust investment demand, directing capital towards projects that serve real housing needs, have integrated infrastructure, and offer long-term usability.

According to many economic experts, the real estate market in the southern wards of the province is undergoing a major challenge since the province's merger. Low liquidity, cautious sentiment, and changes in management policies mean the market cannot recover in the short term. However, this is also seen as a necessary "calm" period for the market to self-adjust.

In this context, well-planned projects that comply with legal regulations, along with transparent policies such as real estate identification, are expected to lay the foundation for a more stable development cycle. The market may recover slowly, but in a healthy, sustainable way, in line with the real needs of the people.

Hong Trung

Source: https://baophutho.vn/bat-dong-san-cho-su-hoi-sinh-246640.htm