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The real estate floor colluded to hug the goods to blow the price difference, causing chaos in the market

Embrace the goods, blow the price, cause a virtual fever to eat the difference

This is received by the Ministry of Construction in the report on housing and real estate market in the first quarter of 2022. The ministry said that after a long period of calm due to the impact of the Covid-19 epidemic, at the end of 2021 and the first three months of 2022, after most provinces and cities across the country returned to the “normal” state. new”, the real estate market has gradually become active again, the number of customers searching and trading has also increased gradually.

Up to now, about 800 exchanges have returned to operation (compared to 400 exchanges in the fourth quarter of 2021), the exchanges have been proactive, flexible, changing business plans to adapt application and application of technology to information management, transaction management, payment, advertising, digital transformation in sales.

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The land in Viet Tien commune, Thach Ha district (Ha Tinh province) used to “jump” by the hour due to the stirring of the “stork” team (Photo: Thien Luong)

According to the Ministry of Construction, in general, the real estate market may still face many challenges, but it is estimated that 2022 will add more signs of prosperity, because this is the third year of living with the Covid-19 epidemic. People’s psychology gradually adapts. Despite the complicated development of the epidemic, transaction activities still take place, more importantly than real estate trading floors that have been experienced and screened through the impact of the Covid-19 epidemic.

However, the ministry also pointed out remaining problems. In particular, the operation of real estate trading floors has not yet ensured the good management of real estate transactions, prevention of money laundering in the real estate sector.

Service business activities real estate broker not well controlled. There is a phenomenon that real estate trading floors collude with each other to “hug goods”, make prices, create waves, and blow prices to cause virtual fever to eat the difference and disturb the market.

Recorded from the end of 2021 until now, the land fever has spread to many localities, tending to follow information on infrastructure planning. According to real estate experts, the situation of land fever has many causes, including brokers to stimulate prices and push prices to “warm up” the market.

Recently, talking at a discussion about real estate brokerage, Mr. Nguyen Manh Khoi, Deputy Director of the Department of Housing and Real Estate Market Management (Ministry of Construction), shared, a province in the North region when preparing to organize an organization. Exam for granting real estate brokerage practice certificate. However, the number of registrations to nearly 1,000 people / batch made the local Department of Construction “stunned”. They do not know how to organize the grading, how to divide the exam questions when the number of candidates is too large.

Or the story of a person who graduated from the University of Civil Engineering (Hanoi), did not work in any business, but in the past 5 years, he has earned about 10 billion VND from real estate brokerage activities. Currently, this person has opened his own company specializing in brokerage activities … showing that the profession of real estate brokerage seems to be too attractive to people.

According to statistics, there are about 300,000 people participating in real estate brokerage services across the country. The actual number may be more, because anyone can do this job.

Strictly regulate brokers, police investigate who ‘blows prices’

Facing the above situation, many localities have stepped in to “tighten” real estate brokerage activities, asking the police to monitor areas with signs of sudden increase in land prices, investigate those who speculate and inflate prices. …

At the regular press conference of the first quarter of 2022 of the People’s Committee of Da Nang City on the afternoon of April 18, Mr. To Van Hung, Director of the Department of Natural Resources and Environment of Da Nang City, said that the Department has sent a document to the city police to proposed to investigate whether or not there is a collusion between “Land brokersState management agencies and officials to change the purpose of land use, creating a “fever” for land in Hoa Vang district.

Previously, Vice Chairman of Vinh Phuc Provincial People’s Committee signed Directive No. 10 on strengthening the management of real estate business activities in Vinh Phuc province.

In particular, the leader of this province requested the Provincial Police to strengthen inspection and handling according to regulations. Provincial police organize to monitor areas with signs of sudden increase in land prices, status change of purpose, transfer of land use rights, “virtual fever”; investigating objects with speculative behavior, “blowing prices”, making the market create a virtual “land fever” to make a profit.

Before the hot real estate fever in Gia Lai, the provincial authorities have asked the police to intensify investigations and clarify the signs and behaviors of pushing prices, blowing up land prices to gain illicit profits, causing problems. real estate market disturbances if any.

The Ministry of Construction said that it has also asked localities to transparently publicize construction planning information, lists and progress of implementation of infrastructure development projects, special real estate projects, etc. especially large projects and the merger, establishment and upgrade of local administrative units, preventing the spreading of rumors and speculation to push up prices for illegal profiteering.

In addition, strengthening control over activities of real estate trading floors, organizations and individuals practicing real estate brokerage; correct the behavior of trading and changing hands many times, “blowing prices” causing disturbances in market information.

Conveniently style

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Real estate prices ‘jumped’ dizzyingly, land in the suburbs hundreds of millions of dong per m2According to the Ministry of Construction, at the end of March 2022, in some localities, the suburbs of Hanoi, Ho Chi Minh City, etc., the price and volume of land transactions increased rapidly, in some places the price increased by 15-20%. compared to the end of 2021.
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