House and land prices go up and down due to fear of investors

Comments about real estate market from an investor’s point of view at the book launch “Macro real estate, Growth investment – ​​happinessspeaker Rich Nguyen said that in the past time, the real estate market has been “hot” and “fever” because people expect too much profit, even moving from other manufacturing industries to invest in real estate. produce.

From the perspective of a highly-interested speaker, Rich Nguyen said that F0 investors should never try to forecast the market, because in the short term, there may be good news in the market, but there may also be negative news. lots of bad news.

In the short term, it is possible that state agencies may request to stop subdivision of plots, separate plots, and suspend land use purpose conversion. But in the long run, all that could change…

However, in terms of macro, let’s forecast the market from a long-term perspective, analyze to find peaceful intervals on the turbulent market, and that is a good time for investors to participate in the market.

Especially, if you are a new investor, non-professional investor, when thinking about investment, people often imagine the prospect of a very busy trading market. Even exhorting, competing for land to buy and sell. However, real investing is not about following the crowd and entering the trend of any direction.

Investment is the survey, research and analysis of advantages in many aspects of real estate, from which to suggest an investment direction that can help investors double, triple, or even multiply the value of real estate. property in the future.

“The hardest thing to predict in the short term is the sentiment of the crowd. Because in the short term, when the excitement is high, people make everything in the market more virtual and virtual. But for a long enough time, when emotions fall, it is not human desire that drives the price, but the fear inside people pushes the price down, even below the real value. “, shared the speaker.

Notably, when making a preliminary forecast on the Vietnamese real estate market from a personal perspective, the speaker said that the present moment is a time of transition between documents and policies on land management. government.

When the Government is hesitating between whether to tighten real estate or not. Therefore, if you are a wise investor, this is the time to wait and listen, not the time to buy a lot or sell a lot.

Because it is possible, the Government will decide to strongly tighten the real estate market, through tax tools so that it does not create a real estate bubble.

The speaker said that the present time is a time of transition between the Government’s documents and policies on land management. Therefore, real estate investors should wait and listen instead of buying or selling.

“We can see, across the ocean, from 200 years ago, the United States used taxes on the second property, the third property, the fourth, … And taxed very high taxes on this area. , so the real estate market in the US is very harsh, so not many people dare to speculate.

Meanwhile, in Vietnam at present, we have not taxed, so there is a phenomenon of land prices tripling, quadrupling. Why is there a phenomenon of storks who have not finished school but can still blatantly blow prices. Because the current law on the real estate market is still soft, and many F0 investors are still “naive”. Meanwhile, the percentage of F0 investors accounts for about 85% – 90% of the total investors in the market, and this is a common phenomenon in any market, including the US or Vietnam. Nguyen said.

Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association (HoREA) said that now there are many areas where new prices are set very high due to speculation factors, causing great harm to the healthy, stable and sustainable development of the real estate market. The dream of home ownership of middle- and low-income people in urban areas is increasingly remote.

At the same time, HoREA Chairman said that the biggest contradiction of the real estate market today is the mismatch between supply and demand. Because the market is very short of supply of affordable housing for low-income people, but there is an excess of supply of high-end houses and resort apartments.

Therefore, commenting on the volatility of the market in the coming time, Mr. Le Hoang Chau said that when the capital flowing into real estate shrinks, businesses and real estate investors will have to focus on If the project is feasible, there is no more scattered investment, the real estate market will definitely cool down…