Real estate in the two North
In the first 3 months of the year, apartment prices in all localities tend to increase, the average increase rate is about 3% compared to the end of 2021; In Hanoi, apartment prices increased by about 4-5% higher than in Ho Chi Minh City by 1-2% compared to the end of 2021.
The price of individual houses and land plots has increased at a higher rate than for apartments (an average increase of 5-10% compared to the previous quarter). Towards the end of March 2022, in some localities, the suburbs of Hanoi, Ho Chi Minh City, in the provinces of Thai Binh, Lam Dong, Khanh Hoa, Da Nang, Dong Nai… there was the phenomenon of land price and transaction volume. The market increased rapidly, in some places the price increased by 15-20% compared to the end of 2021 (similar to the end of the first quarter and the beginning of the second quarter of 2021, but the spread and the price increase margin were lower), according to the report. Report of the Ministry of Construction.
The selling price of the land plot segment on the online floor also increased sharply. Specifically, in the North, land prices in Bac Ninh increased 16%, Quang Ninh 20%, Hai Phong 29%, Bac Giang 35%. In the Central region, land prices in Thanh Hoa increased by 35%, Khanh Hoa by 26%, and Binh Thuan by 13%. In the South, the selling price of residential land in Binh Duong increased 27%, Dong Nai 7%, Tay Ninh 12%, Binh Phuoc 23%, Long An 13%.
Northern market
Commenting on the development trend of the real estate market in some localities, the Vietnam Association of Realtors (VARS) said that in Hanoi, housing supply is scarce due to the slow speed of project approval. About 80% of the products offered for sale are inventory. Apartment prices were stable or increased slightly, while housing prices increased sharply by 20-30%. Local outbreaks of ground fever also took place in suburban districts, especially those with information to the district.
There are 42 housing projects being offered for sale in Hanoi, mainly in the suburban districts due to the advantage of land fund. Many projects have been launched for sale since 2 years.
Residential real estate prices at the end of the first quarter of 2022 increased slightly around 4.5 – 6% compared to the beginning of the year. The price level is still high because the idle cash flow of investors has not found a “station” when the macroeconomic variables are not positive. In addition, the high price of raw materials due to complicated geopolitical situation also significantly affected real estate prices nationwide, including Hanoi.
It is expected that Hanoi’s public investment capital in 2022 is VND 51,000 billion, an increase of more than 30% compared to the disbursement in 2021. In addition, a list of 39 key projects and works in the 2021-2025 period of the city. Hanoi has been reported, through the Executive Committee of the City Party Committee. Hanoi. This is a positive premise for infrastructure development, supporting real estate supply in 2022.
Real estate projects around belts 2,5, 3, 3,5, 4, Vinh Tuy bridge benefit from infrastructure projects prioritized by Hanoi.
Industrial real estate is a notable bright spot as Hanoi and neighboring provinces are still attractive destinations for foreign investment.
This unit also said that Hoa Binh, Vinh Phuc, and Bac Giang are the three provinces with the most positive signs of recovery in the residential real estate segment, as investors look for an alternative source of Hanoi, which has already started. scarce head. Bac Giang is also a province witnessing a strong urbanization rate with the development of the industrial real estate segment.
Meanwhile, Hai Phong has a highway connecting the northern economic centers including Hanoi – Hai Phong – Quang Ninh, which has attracted investors looking for opportunities with real estate in these provinces.
In addition, Quang Ninh is also expected to light up the real estate market of this province in the near future thanks to the infrastructure of Van Don airport and the highway connecting the northern economic triangle (Hanoi – Hai Phong). Room – Quang Ninh).
Southern market
In the Ho Chi Minh City market, from 2021 up to now, the segments of land plots, apartments, townhouses/villas have all witnessed declines in both supply and demand. The East area leads the supply of apartments, townhouses/villas while suburban districts such as Binh Chanh, Cu Chi, Hoc Mon, District 9 (old) lead the supply of the land plot segment. Although supply is higher than demand, prices are recorded to increase compared to 2022 in all segments. This trend is forecasted to continue in 2022.
VARS experts said that Dong Nai and Long An provinces are the new “stars” in the current real estate investment trend. Long An is the gateway province of Ho Chi Minh City, while Dong Nai is changing day by day thanks to the development of Thu Duc city and rapid urbanization.
In addition, with a strong urbanization rate and favorable geographical location, Binh Duong is considered a promising province for residential real estate development.
A longtime real estate investor shared: “People often ask me if I should invest in the North or the South. But in my opinion, real estate investment in the North or the South is okay, it’s important how investors choose the market their money goes down, how their financial potential is to choose the segment. . The most important thing is that investors need to pay attention to real estate prices and legalities. Because, in recent times, in many provinces, prices have increased.”
Economic expert Dr. Dinh The Hien gives advice: “To invest in real estate, investors must know how much money they can borrow and how much they can repay. Once the amount of capital invested is determined, the next step investors must determine whether to invest to increase profits or to invest safely. From there, investors choose the segment of land plots, apartments or townhouses near the center.
After determining the above, investors continue to find the right real estate with the amount of money they have and the segment they like. In particular, investors must compare prices everywhere, observe that price within 2 months to see if it is in a stable trend or in a downtrend. Only then will I decide whether to buy it or not.”
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
