Real estate investors are having a “full stock” phenomenon
Talking to us, Mr. Le Minh, a veteran real estate broker, said that from the beginning of 2022, the number of investors looking to buy real estate showed signs of increasing sharply due to concerns about rising inflation. Currently, many investors have dozens of products in their portfolio, but most of them have not been able to sell at the moment.
Minh explained there are 2 main reasons. The first is the situation of investors “profit on paper”, ie the asking price has increased but it is difficult to find buyers. In fact, some adjacent projects and shophouses have offered a selling price that has nearly doubled compared to last year, but buyers are not easy to find.
“Secondly, many investors buy land when the premises are still lower than in other areas. Therefore, their expectation of price increase is very large. Currently, many investors regret not wanting to sell because they sell according to them. It’s hard to buy products with such good price expectations,” Minh said.
Ms. Huong, an investor who has been stranded in Me Linh for nearly 10 years, said that the adjacent apartment she bought at the Minh Giang – Dam Va urban area project has doubled to nearly 30 million VND/m2. Many brokers asked continuously but she did not sell because compared to other areas in the suburbs of Hanoi, Me Linh’s price is still much lower. Huong expects this area to be up to 40-50 million VND/m2 in the next few years.
“I’ve been waiting for 10 years now, there’s no reason why I can’t wait another 1-2 years. After selling, it’s hard to find anywhere around Hanoi with a reasonable price to buy in. Meanwhile send savings, inflation is too high, so even though the profit is higher than mine, most of Me Linh’s current investors keep their goods,” said Ms. Huong.
Currently in the market it is not uncommon to see investors like Ms. Huong, after many hands-on transfers of real estate, investors realize that constantly selling from one place to another is not as profitable as keeping one place. good wait for the price to increase. The reason is that, if you can sell this place at a high price, when you buy it elsewhere, the price has also increased, and the final profit is not much.
According to experts, the phenomenon of investors being “full of goods”, stopping buying from investors now is also because many investors see land prices increase continuously, so there is a “fear” psychology of fear of buying at the right peak. , there is a risk of getting stuck when the market goes down.
“Following the news and also witnessing many investors have invested in land in several places, I have seen land prices increase continuously, some land prices have doubled in less than a year. I also went with you to see a few land area and also really want to invest but I am afraid that the land price will increase like now if I buy at this time there is a risk of ‘catching the top’. can lead to capital loss when investing,” said Mr. Nam, an investor.
Commenting on the phenomenon of “full stock” investors, many experts fear that the real estate market will slow down at high prices in the next few months when investors’ expectations for price increases are still very high. Prices in many areas are high but liquidity will tend to decrease due to the absence of buying demand.
Giving advice to investors in the coming time, experts say that real estate investment opportunities are always there, not only this year or next time, but the most important issue for investors in the future. The current period to note is inflation. In case inflation exceeds expectations, it will lead to a different chain reaction, negatively affecting the real estate market. Experience also shows that there are periods when inflation exceeds expectations, real estate does not increase, even decreases.
Therefore, investors should be careful, if they can’t find a good product, the price is still affordable and the price is expected to increase well in the future, investors should stop, listen to the market, should not rush to buy. at the moment because it is very easy to run aground on assets in the context that the real estate market is in danger of slowing down due to the impact of many macroeconomic factors.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
