Cash flow continues to flow into real estate, which segment will increase in price?
According to Vietnam Report’s survey of real estate experts and businesses about the average price volatility in 2022, land plots are the segment with the highest potential for price appreciation; The segment of land plots, agricultural land, low-cost housing and apartments is likely to increase in price in the range of 11 – 20%. The segments of suburban real estate, industrial real estate, housing and mid-range apartments, and offices for rent can increase by an average of 5-10% compared to the previous year.
In the face of land fever in 2021, experts in a survey of Vietnam Report said that in 2022, land fever may still happen, but with a lower probability.
The reason is that at present, the information about planning and infrastructure is still heavily speculative and the blowing of real estate prices by unfair methods has not yet been sanctioned. However, land fever is not only caused by the above reasons, it can be the result of macro policies, official master plans from the government,…
Mr. Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, said that homebuyers continue to have a positive assessment of the real estate market after the Lunar New Year. For many investors, real estate is still the preferred investment channel compared to gold, stocks or savings.
Regarding the prospects of the real estate market and real estate segments in the second quarter of 2022, the survey by batdongsan.com.vn forecasts growth trends in most segments, including the public real estate segment. Industry, land, and housing are likely to have the strongest growth. Besides, there was a strong recovery of resort and commercial real estate.
The recovery of the residential real estate segment was driven by both supply and demand factors, combined with low interest rates, relaxed legislation and the Government’s national housing development strategy. period 2021 – 2030, with a vision to 2045, with one of the strategy’s objectives being to develop affordable housing products for low- and middle-income people. Right from the beginning of the year, many real estate businesses have announced new projects, promising positive signals for the supply of affordable housing from now until the end of the year, although this supply has not yet met the demand. great demand of the people.
The industrial real estate segment has many favorable factors from geographical location, large land fund for industrial zones, strong FDI inflows into Vietnam due to the impact of newly signed Free Trade Agreements. , stable economic – political environment and competitive advantages when industrial park land prices in Vietnam are still low compared to other countries in the region. These factors will create a driving force for development and investment attraction in the industrial real estate segment in the second quarter of 2022.
In the office and retail commercial real estate segment, after being heavily impacted by the pandemic, in 2022, this segment has many positive prospects in the context of reopening. The office market will be driven by the rental growth momentum of the information technology sector, e-commerce and high demand for data centers. The retail market also has many positive signs when the tourism industry is reopened, along with an increase in consumption and capital use.
Vu Dang Vinh, General Director of Vietnam Report, said that the growth engine for the real estate industry in general, not only in the post-Covid-19 period, is also affected by the trend of urbanization and the increase of high-rise buildings. The middle class in both quantity and asset value, the rapidly increasing number of personal cars will also greatly affect the demand for some segments of high-end apartments, resort real estate and land plots.
According to the latest report of Knight Frank, in the next 5 years, it is forecast that the growth of the super-rich in Vietnam will be 26%, on par with Hong Kong (China) and Taiwan. This is the basis for many investors to continue pursuing the high-end and luxury segment in the coming time.
Sharing with the press about the market situation, Mr. Vo Hong Thang, Deputy Director of Research and Development (DKRA Vietnam) said that the new supply is improving in some segments. In particular, in the first two months of 2022 alone, the supply of resort townhouses/shophouses increased by 26 times compared to the same period in 2021, mainly in the North.
“In the second quarter of 2022, the market will continue its growth trend, in which the industrial, land and residential real estate segments are likely to have the strongest growth. Besides, there is a strong recovery of resort and commercial real estate, “said Mr. Thang.
According to the expert, the recovery of the residential real estate segment is driven by both supply and demand factors, combined with low interest rates, relaxed legal conditions, especially the Strategy. National housing development for the period of 2021 – 2030, with a vision to 2045, including the goal of developing housing products that are affordable for low- and middle-income people.
Therefore, since the beginning of the year, many real estate businesses have announced new projects, bringing positive signals about the supply of affordable housing from now until the end of the year, although the supply in this segment has not yet been released. meet the great needs of the people.
Meanwhile, the industrial real estate segment has many favorable factors, such as a large planned industrial land fund, competitive rental prices compared to other countries in the region, a stable political and economic environment. and FDI inflows continue to flow strongly into Vietnam… These factors will create a driving force for the development of industrial real estate in the coming time.
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