Twice the profit, investors still don’t sell, brokers are worried
Only the first few months of 2022, many areas still have strong fluctuations in land prices. Even in many areas, land prices have increased by 30-40%. Normally, when the market is active, many investors who have bought before take advantage of profits when they have reached their expectations. However, strange psychology is appearing in long-term investors, although the land price has increased 2 times compared to the time of the money down, but decided not to sell, this comes from many factors such as inflation, location, etc. plot,…
Besides, instead of constantly releasing planning news and showing deposit photos to make the market, many real estate brokers are afraid of investors’ refusal to sell, while the new supply is out of stock. .
Anh Thang – a real estate investor in Hanoi boasted that in early 2021, he bought a piece of land in Bac Giang with a width of 150m2, located at the corner lot, at the price of 14 million VND/m2, total 2.1 billions dong.
“At that time, when I went to buy money, everyone said I was afraid to buy expensive after selling at a loss. However, I still confidently bought the land because the epidemic situation at that time was still quite complicated and I couldn’t do business. Initially, I also expected that this year, if it is favorable, I can make a profit of 20-30%”, Mr. Thang said.
However, up to this point, Mr. Thang shows that his land has been valued at VND 29 million/m2, the total value of the land is VND 4.35 billion, which is more than 2 times the profit compared to the time he bought it.
Although, he has exceeded profit expectations a lot, but Mr. Thang has not yet decided to sell and wants to keep more. According to him analysis: “Although the profit is 2 times, selling it can only buy a similar piece of land. Moreover, the pieces in beautiful locations are almost gone, so even if they sell them, it’s difficult to buy them. Along with that, the inflation factor makes many investors feel afraid that money will depreciate, while at the moment it is difficult to invest in other industries.
Faced with the determined moves to “embrace the goods” of many investors, real estate brokers also feel worried when the land price is increasing and the supply is more and more limited.
Mr. Thanh Tung – a real estate broker in Hanoi said that in the past eight years, he has never seen real estate prices increase as sharply as in the past 2-3 years. Townhouses or townhouses, villas in urban areas have also increased 2-3 times in recent years.
Tung shared: “In the past, brokers only needed to have transactions or deposits, sometimes they would constantly post again and again to make the market heat up. But by 2021, to be honest, I don’t dare to do the market anymore.”
According to this broker, if they continue to do the market, creating heat, real estate prices will continue to increase. Meanwhile, townhouses and villas in urban areas are currently only secondary goods, investors who see the hot market will resolutely refuse to sell but the demand for buying is still high, but the broker does not. goods sold, meaning there will be no income.
“Most of the investors who are holding villas and townhouses are people with financial capacity, so they are not in a hurry to sell. Meanwhile, the market still increased well, the price still increased, investors did not want to sell, they accepted to hold more to wait for further increase. With the price of each townhouse, townhouse, townhouse, and villa costing from 15 billion VND or more, they only need to increase 10% per year to have a billion more, not to mention the fact that every year this year, it increases by 20 – 30. %/year”, Mr. Tung added.
Besides, the broker said, for professional investors, when selling products, they will find other products to buy. However, with the amount of money sold, it is only enough to buy a similar product, and even have to make up for it because they have to pay much higher than the market to have a seller. From that reason investors do not want to sell.
“In general, the brokerage market is also worried because we can’t sell real estate, and the market is too active, we can’t do business because investors are determined to hold goods and refuse to sell,” Tung explained.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
