Land fever is crazy, Nghe An investors flock to Quang Binh to hunt for land

In Nghe An in recent years, many individuals and organizations have been involved in brokerage and trading real estate (real estate) makes the market from Vinh city to the suburban areas such as Nghi Loc, Hung Nguyen, Nam Dan, Cua Lo town… become very exciting. Land prices in this area are pushed up very high compared to reality.

“Earth storks” are all over the cafe

In the morning at 8 o’clock, at S. cafe, Vinh city, everyone just needs to sit at any table to drink water, can easily see young men and women discussing land trading. When one person provides information about the land plot, the group immediately posts information on social networks, calling and offering.

Mr. Duc, a person who bought land with the intention to build a house, bought a piece of land 2 years ago for 7 million/m2 in Nghi An commune (Vinh City) but did not have enough money to build a house. Nearly a year later, many people asked to buy and resell, he sold the land plot of nearly 200m2 for a profit of more than 1 billion VND. From here, Mr. Duc found that his participation in real estate trading and transfer brought a great income for his family.

“The land parcel transaction is also at the coffee shop, until it is handed over and transferred to another person at the cafe. Now I find it is not too difficult to sell a few pieces of land to make money. From alone, now the group has 5 more brothers and sisters to join. If I have a piece of land, I just need to introduce this person to buy it, and I will get 1% of the commission from the owner of the property “- Mr. Duc shared about taking advantage of his spare time to trade land.

Every coffee shop in Vinh City also has real estate traders and transactions

According to Mr. Duc and the business team, in Nghe An at this time, not only professional people in real estate are involved in business, housing broker but many people who are doctors, teachers, officials and employees also take advantage of their free time to sell land through social networks. These components participate in the “game” with real estate, most of which arise from the purchase and resale and very quickly make great profits.

The group just returned to Vinh City after more than 20 days in Quang Binh. Mr. Phan The Danh – a person in the group of land traders said that many car dealers, businesses and individuals all rushed to trade land. The land where buying and selling takes place is exciting in Nghi Thai, Nghi Phong, Nghi Duc, Nghi Kim, Nghi Lien communes, Cua Lo town (Nghe An).

Danh’s group is discussing Quang Binh land at a coffee shop in Vinh City

Planning each land area in Quang Trach district, Quang Binh province

“There are plots of land in Vinh City that initially only cost 3 million VND/m2, until they sell for a profit of 19 million VND/m2. Commission for the referrer to buy land or sell is entitled to 1% of the selling value. In Vinh, there are hundreds of groups of people trading in land, many bricklayers and security guards also quit their jobs to trade land. If you don’t have money, you work as a broker, after you have a little money, you can both invest and act as a broker” – Mr. Danh shared.

Dozens of groups of land traders flocked to Quang Binh

Mr. Phan The Danh said that the real estate market in Quang Binh is taking place very excitingly, there are dozens of groups of “land storks” who are flocking to Ba Don town (Quang Trach district, Quang Binh province) to invest all of them. Nghe An.

“Through the introduction of many land-trading groups, we entered and returned after 20 days. This is a newly established district, so there are many auctioned land for living staff, resettlement land and residential land for industrial park workers such as: Bau Sen; has a wide road infrastructure from 36-42m wide to attract viewers “- Mr. Danh informed.

Administrative area in Quang Trach district, Quang Binh province…

Nearby is the real estate floor

According to Mr. Danh, the road and electricity infrastructure is adequate, so sellers and buyers of land are busy, operating day and night. In the morning, buying a plot of land was more than 1.2 billion dong, but tomorrow it sold for a profit of 1.3 billion dong. Each piece of land sold turns to be at least 30-50 million dong profit and big piece profit is 100-200 million dong.

And Nguyen Van Hung, a native of Nam Dan (Nghe An) who just returned from Quang Binh, said that the general level of the country’s real estate market is going “very hot”. In which, Nghe An is the highest in the whole country.

“People, families flocked to invest and trade in land. There are very few people who buy residential land, but there are many people who go to buy investment to make a profit. Faced with the situation of gasoline prices, the world’s finance is inflationary, so people have money to invest in land to make a profit “- Mr. Hung said.

There are dozens of groups of people from Nghe An and Quang Binh who invest in real estate

Danh’s group trades in Ba Don town

Buyers and sellers of land change hands and operate day and night

According to Mr. Hung, after coming to Quang Binh to learn about the market, the reason this place became so vibrant is because the infrastructure is quite complete, creating a vision for investors or residents to buy in. Confident when down payment to own a plot of land.

“The Nghe An people are investing in this locality, accounting for about 45% of real estate trading activities. There was a giant named M. in Cua Lo town in Quang Binh to buy 82 plots of land at once. The average land plot here ranges from 1.2 to 2.5 billion VND. Mr. M. is the head, but then there are many other shareholders” – Mr. Hung said.

The group also said that, at first, they only thought of going to Quang Binh to go out and learn a few days before returning. However, when I went there, I realized that the market was too active, so I stayed for 20 days. On average, Mr. Danh’s group deals with one plot of land per day.

“Buying a plot of land and meeting the first owner can make a profit of 100-150 million dong. Our team has more than 10 lots left unsold and waiting to be re-pinned. Initially, I looked for the original land owner, then went to a reputable local floor to write a deposit and authorization. The longer the deposit lasts, the higher the profit and the risk is avoided,” said Mr. Danh and his team.

Quoc Huy