Ministry of Construction requests to handle the act of inflating apartment prices

Accordingly, the Ministry of Construction requested the Hanoi People's Committee to inspect projects and apartment complexes with unusual price increases. If there are acts of price inflation, price manipulation, speculation and other violations of the Law on Real Estate Business, Hanoi needs to rectify, handle and report to the Ministry before April 20.

Thanh Nien Newspaper on April 17 published an article reflecting: There are signs of 'inflating' real estate prices. It mentioned that in some places, especially in Hanoi, real estate prices have increased dramatically, in some places up to 30% compared to the end of 2023. The "hot" price increase in a short period of time, without basis, is considered to have signs of impact, creating confusing information from speculative groups pushing up prices, inflating prices for profit.

Real estate prices in many places show signs of increasing, especially in the Hanoi market.

Faced with this situation, many experts assert that the price increase is unusual in the context of the still difficult economy , and transactions in the entire real estate market are still quite quiet. Therefore, experts warn people and investors to be alert and not follow the crowd.

In addition, experts also recommend quickly removing legal bottlenecks to increase supply. Because the increase in real estate prices in recent times is partly due to the scarcity of supply. Taking advantage of this, speculative groups push up and inflate prices for profit.

Source link: https://thanhnien.vn/bo-xay-dung-yeu-cau-xu-ly-hanh-vi-thoi-gia-chung-cu-185240417142030238.htm