What benefits do home buyers get at this time?

Demand for housing continues to increase.

Recent real estate market reports from various research firms indicate that in the third quarter, secondary market liquidity showed a slight rebound, with investors beginning to invest in projects offering high discounts, complete legal documentation, proximity to densely populated residential areas, and convenient transportation links to the city center. In addition, nationwide demand for purchasing land and houses increased by 6%.

According to Batdongsan.com.vn, in October, the number of people looking to buy real estate nationwide increased by 14%, and this growth occurred across all types of properties, including apartments, land plots, detached houses, and townhouses.

Specifically, demand for apartments and detached houses increased by 15%, villas by 13%, land plots by 12%, and townhouses by 18% compared to the previous month.

Người mua nhà hưởng lợi gì trong thời điểm này? - 1 — The real estate market has received many positive signals recently (Illustrative image: Ha Phong).

According to a recent report by the Ho Chi Minh City Real Estate Association (HoREA), the real estate market has passed its bottom by the end of this year. The market's recovery rate in the third quarter reached 43.2% compared to the beginning of the year.

HoREA predicts that, despite remaining difficulties, the market is expected to improve in the near future before entering a recovery process, which is anticipated to take place in the second half of 2024.

According to observations by Dan Tri reporters, the real estate market at the end of the year is witnessing a strong wave of demand stimulation from many real estate businesses with projects for sale. Besides suitable prices, buyers are also enjoying preferential interest rates, extended payment terms, and high discounts.

The market is in a safe period for buyers.

Commenting on the market outlook for the final months of the year, Mr. Vo Hong Thang - Market Director of DKRA Group - said that many developers are aggressively applying attractive and flexible sales policies, gifts, and payment discounts to increase their reach to potential customers. This is an opportunity for those with cash who want to own a reasonably priced property with complete legal documentation.

Sharing his views on the real estate market at the end of the year, Mr. Dinh Minh Tuan - Director of Batdongsan.com.vn in the Southern region - said that the market has been and is currently undergoing a strong purification period, making it safe for buyers.

Following the crisis, the current real estate "playing field" is only for projects with sound legal standing and guaranteed progress. Real estate businesses that survive in this period must be financially sound, operate transparently, and comply with the law.

According to Mr. Tuan, projects that can be offered to buyers at this time must not only ensure 100% legal compliance, but also have suitable prices and the most competitive payment policies to be accepted by the market. These factors are considered the most effective "filter" for homebuyers, preventing them from buying undeveloped or low-quality properties.

Người mua nhà hưởng lợi gì trong thời điểm này? - 2 — According to experts, this is a good opportunity for real estate buyers, as market prices are attractive (Illustrative image: Ha Phong).

According to real estate expert Tran Khanh Quang, the real estate market has gone through its most difficult period, and from now on, it will only recover. The government has implemented many solutions and policies for the market, such as removing legal obstacles to create more supply, and bank interest rates are currently as low as pre-Covid-19 levels.

According to Mr. Quang, the market is currently in the recovery phase, so it is still a time when investors have an advantage in terms of price and many attractive options.

Experienced investors may find that current bank interest rates allow them to leverage their finances to purchase discounted properties in good locations. However, this is not the time to consider short-term investments. New, inexperienced investors should not rush into investing at this time.

For homebuyers looking for a place to live, Mr. Quang believes this is a good time, with attractive market prices and favorable bank loan interest rates. However, he advises against excessive financial leverage, recommending borrowing a maximum of 15-30% of the property value to avoid risks.

Source