Vietnam.vn - Nền tảng quảng bá Việt Nam

Time to buy big-ticket real estate?

VTC NewsVTC News19/03/2024


According to Mr. Pham Duc Toan, Chairman of the Board of Directors - General Director of EZ Vietnam Real Estate Investment and Development JSC, this is now an ideal "hunting" opportunity for potential investors.

Specifically, this is the most suitable time for investors to buy valuable assets from investors who are facing financial difficulties, especially projects that have to borrow from banks.

The real estate market is gradually recovering. Therefore, small assets worth a few billion VND are easily consumed, have high liquidity and are more likely to increase in price. In fact, this segment is continuously increasing in price.

Meanwhile, assets worth tens of billions of dong are difficult to find customers and difficult to liquidate, so they are in a downward trend to stimulate demand. For example, houses worth tens of billions of dong can be reduced by 20-30% compared to the peak. Meanwhile, these are good products when the market fully recovers ," said Mr. Toan.

Mr. Toan added that there are still investors facing financial difficulties who want to sell a large amount of real estate assets to recover capital, so they will reduce prices a lot. This is also a good opportunity for investors with abundant finances and high sustainability.

The real estate market in 2024 is expected to have positive developments. (Illustration photo)

The real estate market in 2024 is expected to have positive developments. (Illustration photo)

Sharing the same view, Mr. Nguyen Quoc Khanh - Chairman of the Board of Directors of DTJ Group - commented that in recent years, land assets with business value, built adjacently, opened shophouses... are still the segment chosen by many investors and although they are losing ground, they still have the potential to increase in price due to their commercial potential.

These products are also being discounted by several dozen percent because they have been released to the market in large quantities over the years. When the market goes down, this high-income segment has difficulty liquidating and is forced to reduce prices.

Therefore, if you have financial potential, investors can learn to invest in these types of real estate when it is just the right time to "buy the bottom".

Experts say this is the "golden" time for investors to buy luxury real estate products at prices lower than their real value. In the context of the market gradually "warming up" quickly, if investors miss this opportunity, they may have to wait many years to buy these expensive products.

" The market is showing many bright signs of recovery. In fact, many lower-priced segments have been increasing continuously due to high demand. If this trend continues, the high-end segment will also thaw, prices will recover to the previous period. At that time, investors will have to pay more if they want to buy.

Of course, this segment is only for investors with abundant idle capital, sustainable potential, and not dependent on financial leverage. Absolutely do not borrow large amounts of capital to invest in this "difficult" segment because it is very picky about customers ," a real estate expert commented.

The market is warming up

According to Mr. Pham Duc Toan, at the beginning of 2024, especially after the Lunar New Year holiday, the real estate market began to show clear positive changes. Transactions increased, product liquidity was also high. Real estate prices in many places increased sharply.

"Basically, the real estate market is thawing," Mr. Toan commented.

Factors affecting this positive trend include the decrease in bank deposit interest rates, causing investors to return to the market more in search of better profits.

In addition, loan interest rates have also decreased, allowing buyers to be more generous when deciding to spend money.

In addition, real estate demand is compressed. After a period of almost no transactions for 2 years, real estate and investment demand is starting to explode.

Some investors are starting to get impatient and want to put down their money. In addition, some developers have also introduced good policies on both interest rates and payment terms. These have boosted transactions in the market, especially in the suburbs around Hanoi . At the same time, a new price level has also been formed, ” said Mr. Toan.

Sharing the same view, Mr. Nguyen Quoc Khanh analyzed: Regarding legal factors, there are now complete instructions of the Housing Law and the Real Estate Business Law - something that the real estate market has been waiting for a long time.

Continuously lowered bank interest rates, many directives from the Government and the State Bank have helped promote disbursement for the real estate market. Along with that, the economic recovery has also made the cash flow gradually increase. " 2024 will mark a "pivotal" recovery of the real estate market ," Mr. Khanh believes.

However, Mr. Khanh commented that although demand is high, the supply of suitable real estate products is lacking, and the prices are very high or very far from the center, with few transactions. This makes the market recovery not yet widespread and widespread, but only local.

Cong Hieu


Source

Comment (0)

No data
No data
PIECES of HUE - Pieces of Hue
Magical scene on the 'upside down bowl' tea hill in Phu Tho
3 islands in the Central region are likened to Maldives, attracting tourists in the summer
Watch the sparkling Quy Nhon coastal city of Gia Lai at night
Image of terraced fields in Phu Tho, gently sloping, bright and beautiful like mirrors before the planting season
Z121 Factory is ready for the International Fireworks Final Night
Famous travel magazine praises Son Doong cave as 'the most magnificent on the planet'
Mysterious cave attracts Western tourists, likened to 'Phong Nha cave' in Thanh Hoa
Discover the poetic beauty of Vinh Hy Bay
How is the most expensive tea in Hanoi, priced at over 10 million VND/kg, processed?

Heritage

Figure

Business

No videos available

News

Political System

Local

Product