The cause of “earth fever” in many places
From the beginning of 2021, the real estate market has witnessed a “fever” of land plots appearing from the North to the South. By the middle of the year, due to the influence of the social distancing order and the intervention of the local government, the fevers gradually cooled down.
However, from the end of 2021, the land fever has returned to some localities. For example, in Binh Phuoc recently, right after the news that Binh Phuoc proposed the Government to build a bridge over the Ma Da River to shorten the journey to Long Thanh International Airport by 60km, a situation of land fever appeared on the route DT 753. (section from Tan Hung commune to Thach Mang hamlet, Tan Loi commune, Dong Phu district). In Ha Tinh, in recent days, the land fever has also caused many rural areas in Thach Ha, Cam Xuyen, Duc Tho, Vu Quang, etc. to riot. Land prices were blown up dizzyingly due to information that large projects were approved for investment.
In Khanh Hoa, Cam Lam land is also feverish after news of a corporation coming to prepare an urban project. As for Dak Lak, the land fever in Buon Ma Thuot City that has taken place since the beginning of the year has not shown any signs of cooling down,…
Regarding the rapid increase in land prices in many places across the country, at the recent Government Press Conference, Deputy Minister of Natural Resources and Environment Le Cong Thanh said that in the past two years, the situation of COVID-19 epidemic 19 disrupted domestic and global supply chains, severely affecting investment and production processes. This is one of the reasons investors choose to invest in land and precious metals like gold.
Another reason is that 2020 and 2021 is the beginning of the cycle that localities, ministries and branches implement, develop and develop master plans. Therefore, some investors take advantage of this opportunity to buy and collect land, subdivide plots and sell plots, even without complying with legal regulations in order to gain illegal profits.
Deputy Minister Le Cong Thanh said that the phenomenon of local increase in land prices in some localities has affected and lost the advantage of attracting local investment capital, disrupting the local land use planning. affect the macro economy.
In addition to those objective reasons, it can be seen that some places sometimes do not strictly implement auctions, and there is a phenomenon of information disclosure, collusion between the organization conducting the auction and the participant. Auction.
The issue of auctioning land use rights, according to Mr. Thanh, real estate prices are related to the responsibilities of a number of ministries and branches. The Ministry of Natural Resources and Environment has issued Official Letter No. 1454 dated March 30, 2021 sent to the People’s Committees of localities, which recommends that localities should strengthen the strict management of real estate projects, especially real estate. properties to be formed in the future, to ensure that real estate is put into business, and when real estate projects are transferred, they must fully satisfy the conditions prescribed by law.
“Information on land use planning and plans should be made public for people to access, to avoid being exploited by speculators to inflate prices. Along with that, it is necessary to manage after the planning and plan is approved to be strictly implemented”, Mr. Thanh said.
Another solution that the Ministry of Natural Resources and Environment also pointed out is that localities need to have a plan to actively regulate the land fund to the market through creating a clean land fund to auction land use rights according to the master plan and plan. land use plan…
Lawyer Truong Thanh Duc, Arbitrator of the Vietnam International Arbitration Center shared that we have changed the law nearly 100 times but the results are still not really effective.
“Currently, it is a fact that compared to income, real estate prices in Vietnam are too high. This is due to high demand, large supply-demand gap, product scarcity and it is also a consequence of legal problems.
If demand is high, real estate developers need to balance. The best way is to allow the conversion of other land into residential land to open the market. If we stop, the laws that do not go ahead but only sporadically will not solve the inadequacies. In fact, there are 10-year projects that are still stuck because of the law that cannot be solved,” said the expert.
According to Mr. Duc, in terms of demand, a few years ago, it only increased by a few percent, but recently real estate demand has increased by several tens of percent while supply has not increased too quickly.
“I think that the market must always be in excess, but if prices keep increasing, there is a shortage of supply, it is not a market economy. If there is a shortage of supply, the law will increase the price, causing difficulties and increasing the mechanism of asking for give,” the expert pointed out.
Many laws have been revised, but whether it is open or tight or not, it is not important to create a sustainable market instead of the current distortion.
GS. Dr. Nguyen Quang Tuyen, Vice Chairman of the Council of Hanoi Law University also said that the legal system on real estate business still has some bottlenecks that need to be removed to contribute to the recovery of the development of the real estate market. real estate after the Covid-19 pandemic.
To do so, according to Mr. Tuyen, it is necessary to study and evaluate to identify bottlenecks between a number of laws directly related to the real estate market, including: the 2013 Land Law, the 2013 Bidding Law. 2013, Law on Housing 2015, Law on Urban Planning 2009 and Law on Real Estate Business 2014.
“On the other hand, there are many contradictions in the current laws that are not appropriate, but also evaluated on the positive side, should not be viewed negatively. Because the market is fluctuating, going to a new stage will have some changes. Articles in the law are not reasonable and need to be revised,” Tuyen emphasized.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
