According to a recent report by the Vietnam Association of Realtors (VARS), in the first quarter of 1, more than 2023% of housing transactions were apartments. The consumption rate of the whole housing market reached about 72%, equivalent to more than 11 transactions, equal to 2.700% compared to the same period last year. Apartment prices continue to record at a high level due to mainly high-end projects. The average price in Ho Chi Minh City is 50 million VND/m74, the rate of apartment price growth tends to slow down.
Similarly, Batdongsan.com.vn's market report for April 4 also showed that the interest in the apartment segment nationwide decreased by 2023%, the number of postings also decreased by 8% compared to the same month. before. In which, in Ho Chi Minh City, the level of interest in apartments decreased by 17%, the number of postings decreased by 8%. In the first 19 months of 4, apartment prices in Ho Chi Minh City were almost flat in all segments.
Also in the market of Ho Chi Minh City, affordable apartments did not have any change in selling prices, mid-end apartments increased by 2%, while high-end apartments increased by 6%. Thus, apartment prices in big cities have spent many months in moderation, no longer rising as hot as before but not decreasing. 43% of people with real demand to buy real estate are still waiting for real estate prices to drop.
Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn said that in the coming time, it will be difficult for apartment prices to fall deeply because types of real estate services are still the bright spot of the real estate market. . In a recent survey conducted by Batdongsan.com.vn, 49% of realtors rated apartments for sale and rent as the most potential type of real estate in 2023. Currently, the urbanization rate of Ho Chi Minh City is about 70%, the whole country has 8 provinces and cities with an urbanization rate of over 50%, so there is still room for development and the demand for urban housing is always present.
“For those who buy to live, buying a home at this time will immediately meet the need. Investors should calculate a lot more carefully because investment costs are related to capital recovery, so it is necessary to master detailed information about the possibility of rent fluctuations, selling prices, rental yields. ... Buyers should also carefully consider the financial problem, consider the amount of capital, the ability to borrow capital and the ability to repay the debt so as not to be passive about cash flow, "said Mr. Quoc Anh.
Forecasting the apartment market in the near future, Mr. Nguyen Van Dinh - Chairman of VARS said that from the second quarter of 2, transactions are expected to be better. Specifically, the price of low-end apartments will not decrease but will no longer increase hot, the price of mid-end - high-end apartments that previously had a virtual uptrend will also be adjusted to a level more suitable to the real value. Currently, the market is re-balancing, the price level is gradually approaching the real value. This is an opportunity for those who have real needs to buy for living, business or long-term investment, can choose to put down money, increase purchasing power for the market.
Many real estate experts also said that the real demand for real estate is still there and good policies to support the market have created a relative push, the most difficult time of the real estate market has passed. Recently, the amount of interest in real estate search has also shown more positive signs. Although the supply of real estate continues to be scarce, interest rates have cooled down and credit room has been opened. This may be the right time for investors to research and consider putting down money. Because the real estate market in the first quarter of 2023 has shown signs of positive changes thanks to the Government's support and removal of difficulties.
