Real estate market situation assessment in the first quarter of 2024

(sonla.gov.vn) In recent times, urban development and the real estate market in Son La province have had many strong changes. Implementing the direction of the Prime Minister, the Provincial People's Committee has focused on directing departments and branches to review and promptly remove difficulties and obstacles in the implementation of real estate projects in general; mobilizing resources, increasing investment attraction, implementing real estate projects in accordance with housing development programs and plans and legal regulations.

Real estate market has many bright spots

According to many experts, the real estate market is recovering and starting a new cycle in 2024. The recovery will become clear at the end of the year when many factors have a positive impact on market demand. Specifically, the interest rate level is relatively low but tends to continue to decrease in the coming time. At that time, many investors will direct their cash flow to other investment channels, including real estate.

The real estate market in 2024 will have many bright spots when legal policies on land and housing are adjusted; credit promotion mechanisms will achieve penetration, which will promote market recovery.

According to experts, at this time, many people have just matured their savings and have capital of about 1-2 billion VND. At the same time, at a time when gold prices are rising, many investors tend to switch to buying land to accumulate assets. In particular, many investors "hunt" for land in the suburbs or localities with strong infrastructure development, with much room for growth in the future.

Before a new cycle begins, Son La real estate - a strategic land of the Northwest region - emerges as a bright spot in the eyes of investors thanks to its series of outstanding advantages: favorable natural conditions, developed tourism , gradually completed infrastructure... Son La is considered a "promised land" for investors who know how to seize the opportunity.

i believe

Assessment of the real estate market situation in the first quarter of 2024.

Real estate business activities in the first quarter of 2024 have had many strong changes. Implementing the direction of the Prime Minister, the Provincial People's Committee has focused on directing departments and branches to review and promptly remove difficulties and obstacles in the implementation of real estate projects in general, organizing the dissemination and direction of departments, branches, People's Committees of districts and cities to implement tasks according to Resolution No. 33/NQ-CP dated March 11, 2023 of the Government on a number of solutions to remove and promote the safe, healthy and sustainable development of the real estate market, Resolution No. 11/NQ-CP of the Government on the Program for socio -economic recovery and development, Decision No. 338/QD-TTg dated April 3, 2023 of the Prime Minister approving the Project "Investing in the construction of at least 01 million social housing apartments for low-income people and industrial park workers in the period of 2021 - 2030" and other relevant directive documents. Departments and branches have also issued many documents for implementation, focusing on implementing tasks related to groups of solutions to remove and promote the real estate market to develop safely, healthily, sustainably, in accordance with the socio-economic development situation of the locality; contributing to attracting resources to develop technical infrastructure, creating a supply of real estate products with many different segments, meeting the housing needs of people, ensuring social security, promoting growth and economic development of the province.

Quoc Tuan

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