Real estate prices increase many times faster than people's income.

(Dan Tri) - The recently passed resolution clearly points out problems in the real estate market, including high real estate prices, the situation of social housing buyers not being policy beneficiaries...

On the afternoon of November 23, with 421/423 delegates participating in the vote in favor, the National Assembly voted to pass the Resolution on the results of the thematic supervision of "Implementation of policies and laws on real estate market management and social housing development".

According to the Resolution, in the 2022-2023 period, the real estate market will decline and supply will decrease sharply compared to the previous period. In particular, real estate prices will increase many times higher than the average income increase of the majority of people.

The resolution clearly stated that a large number of housing real estate projects are facing difficulties, are behind schedule, are slow to implement, are stalled, causing waste of land and capital, increasing costs for investors, and increasing product prices. In addition, tourism and accommodation real estate are almost "frozen", continuing to face legal problems.

Besides, also in the period 2015-2023, the legal system on social housing still lacks stability.

Some legal regulations on social housing development have not been specifically guided; there are still contradictions and overlaps between legal documents, causing difficulties in implementation; the application of legal regulations is still complicated, with different interpretations, requiring repeated guidance, especially for the application of transitional regulations.

Many targets on social housing development in the National Housing Development Strategy to 2020 and vision to 2030 were not achieved.

The resolution clearly states that the supply of social housing is limited, prices are high, and regulations on conditions for people to access policies are complicated and difficult to implement.

Chairman of the Economic Committee Vu Hong Thanh (Photo: NA).

State management of social housing is still limited and inadequate. The work of approving policy beneficiaries and appraising social housing prices is still prolonged, affecting people's access to social housing and the investment cycle, capital recovery, and bank interest payment of investors.

There are still cases where buyers, renters, and leasers of social housing are not eligible for social housing policies, according to the Resolution.

In addition, the State budget support capital for preferential credit programs for social housing is still low; the lending process and procedures through the Social Policy Bank are still complicated and duplicated...

Before the Resolution was voted on, Chairman of the Economic Committee Vu Hong Thanh presented a report on the reception, explanation and revision of the National Assembly's draft Resolution on the draft Resolution.

The Chairman of the Economic Committee said that the shortcomings and limitations of the real estate market in the current period such as high prices, unbalanced real estate product structure, not suitable to market demand; many projects with violations... are partly the responsibility of both State management agencies and real estate businesses and real estate project investors.

Therefore, the Standing Committee of the National Assembly reports to the National Assembly to keep the content as in the draft Resolution.

Source: https://dantri.com.vn/bat-dong-san/bat-dong-san-tang-gia-gap-nhieu-lan-so-voi-thu-nhap-cua-nguoi-dan-20241123145956389.htm