The market is gradually changing
From the middle of the first quarter of 2024, the real estate market nationwide welcomes a "race" of a series of investors and brokerage companies to launch real estate project products for sale.
In particular, in the Hanoi city market, the apartment segment and land plots near the Capital are being "sought after" by many investors, making the real estate sector in the Northern provinces more vibrant and attracting more investors. be purchased by the buyer.
Recent survey results conducted by Dat Xanh Services Institute for Economic - Financial - Real Estate Research (Dat Xanh Services) show that 38% of brokers evaluate the real estate market to recover in 2024, about 50% of individual brokers expect the market to recover in the first half of 2025.
Many real estate brokers realize that the market is gradually "hot" again.
Ms. Trinh Thi Kim Lien, Sales Director of Dat Xanh Services commented: "Through the market movements in the past 3 months, it can be affirmed that the market has had certain changes. Notably, market confidence recorded an improvement, along with an improvement in the number of successful real estate transactions.
Specifically, the demand for real estate in the first quarter of 2024 increased significantly compared to the same period last year. Especially for types of individual houses and apartments in inner-city areas of large urban areas.
Notably, projects that are open for bookings also recorded a relatively positive number of registrations. This shows the interest and preparation of buyers in the face of a more positive market situation."
Experts say the market is having more positive changes.
According to experts, although the real estate market will face many difficulties in 2023, in the first quarter of 2024 there will be a clear change. The overall absorption rate of the entire market in the first quarter of 2024 is about 25 - 30%.
Of which, Hanoi and neighboring provinces (30 - 40%) and Ho Chi Minh City (20 - 25%) are the two areas with the highest absorption rate and mainly focus on the apartment segment. household.
Mr. Luu Quang Tien, Deputy Director of the Institute of Economics - Finance - Real Estate Research said: "Currently, the demand for buying houses in the Hanoi market is increasing suddenly, including state policies and bank interest rates. products directly impact the psychology of home buyers and investors. When the Hanoi market develops strongly, the southern provinces are also preparing to bring products to the market for sale to catch the "wave", showing an overall positive signal for the whole market picture."
Expect positivity
Some experts assess that in 2023, the nationwide real estate market will face difficulties, with almost no secondary transactions as well as stagnant liquidity.
At the beginning of 2024, the real estate market has continuously prospered due to the search needs of customers in the Hanoi market and projects launched in the Ho Chi Minh City market; Binh Duong; Long An…
Customer interest in real estate projects is increasing.
“In the first quarter of 2024, groundbreaking activities, kick-off, opening sales... take place bustlingly nationwide, with diverse scales, segments and selling prices. From social housing to apartment projects and high-end residential areas, including many large-scale projects. This shows that the real estate market is going through the bottom zone, preparing to enter a more exciting period," shared Mr. Luu Quang Tien, Deputy Director of the Institute of Economics - Finance - Real Estate Research.
According to Mr. Tien, currently not only investors and distribution companies but also investors and people also expect the positivity of the real estate market.
“Currently, projects deployed to the market in recent times have had more careful and thorough legal preparation. In addition, construction progress, programs, sales policies... are also carefully prepared. Demonstrates transparency and real capacity of investors. This is also a prerequisite to determine success for investor businesses in the new cycle, reflecting improved confidence in the real estate industry and significant expectations for the positive prospects of the industry. market," Mr. Tien shared.
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