Thị trường

Real estate prices will fall, go down

08/04/2022 09:02 GMT+7

According to experts, about the next 2-3 months, the real estate market will have a correction; Real estate prices will also stand still and go down slowly….

What will the real estate market look like when facing a series of related ‘hot’ events such as the pressure of high inflation risk, the move of some banks to ‘tighten’ real estate credit; especially the fact that two big real estate business leaders have just been prosecuted and detained?

Real estate prices will fall, go down
About the next 2-3 months, the real estate market will have a correction; Real estate prices will also stand still and go down slowly…

Share with PV Infonet, Real estate expert Tran Khanh Quang said: Inflation plus the bank’s move to ‘tighten’ credit to real estate, especially when the two real estate ‘big guys’ are in labor… These factors have a great influence on the market and all of these factors are detrimental to the current real estate market.

According to Mr. Quang, in the immediate future, real estate businesses will restructure to bring to the market more suitable products. Buyers will also have to be more cautious, more careful because those factors affect psychology.

“Therefore, in the next 2-3 months, the real estate market will have a correction and will stop,” Mr. Quang said.

According to this expert, for large real estate enterprises, it is not possible to borrow money, issuing bonds is not complete, the State is tightening, while continuing to inspect other businesses, large enterprises will forced to bring a gentler strategy, not to bring high-priced products, but to bring products that are suitable for the market.

At that time, house prices on the market will go down; Moreover, buyers are also in a cautious mentality, real estate prices will also stop and go down slowly, adjust to stabilize again.

Mr. Quang said that the arrest of the leaders of two large real estate enterprises in the market would not affect the supply in the market, but only in terms of investment.

“With the recent events, investing in real estate is also a relatively risky channel and is being closely monitored, so investor sentiment will limit pouring money into real estate compared to before. “, said Mr. Quang.

From another angle, Mr. Nguyen The Diep, Standing Vice Chairman of Hanoi Real Estate Club, said that Vietnam’s real estate market is at the peak stage of urbanization, blooming models, form of investment and construction. Therefore, in the process it also “ripples” up the “hotels” in the market.

“With the rapid, too strong and too large development of Vietnam’s real estate market, it is natural for the issuance of bonds and the market to have wobbles. However, mechanisms and policies often have not kept pace with reality, leading to serious consequences such as auctions and illegal selling of shares…

While the market is growing too fast, 90% of real estate businesses have to raise capital in many forms. Therefore, in terms of macro, it is necessary to adjust and gradually complete the policy mechanism so that there are no loopholes”, Mr. Diep said.

Evaluating more about the impact, Mr. Diep said, the incident with two real estate giants will affect the real estate market in general.

“This is both a pity, but also a lesson for all businesses that need to learn from experience and come up with the best and most reasonable solution when raising capital. All businesses must have a different strategy, so as not to follow the ‘trace’ of the ‘giants’ who have stumbled”, Mr. Diep added.

ID

You are reading the article Real estate prices will fall, go down
at Blogtuan.info – Source: infonet.vietnamnet.vn – Read the original article here

Back to top button