Genuine artists, only making money by their profession and not doing any business, to have a house is a problem
Appearing in a talk show called Landshow recently produced by VTV, artist Tu Long shared about real estate investment as well as commented on market trends. At the beginning of the program, he said that he is currently living in an apartment building in the center of Hanoi with an area of 100m2.2. Artist Tu Long bought this apartment through an exchange and his family changed houses twice.
“Everyone has a destiny in life. I don’t have a predestined relationship with sandy land, whether or not I can buy it, my main goal is to have a place to live. Because I don’t have a lot of money to invest, it’s fine to just settle down“, artist Tu Long replied when asked about real estate investment.
The male artist’s performance became more attractive when he performed a song about the real estate market in the 2000s on the show Meet End of the Year. During 2007-2008, the real estate market froze and there were no transactions. This song speaks of the suffering of those who have investment land but cannot sell it. However, now the real estate market is completely opposite.
“Now it really has to be said that if you have land you want to sell, you can sell it to whoever you want. That is, in the past, if you had land, you would have to ask a broker to sell it, but now who has land, people run to ask. Even coming to my house in an apartment, there are 6 phone calls a week asking: ‘Brother, is your house for rent?’, ‘Is your house for sale?’. I had to tell the broker who asked to buy the house that it was only for rent, and the broker who asked for the house to rent was ‘for sale only’. One fine day someone came up to the house to ask, what did my wife think the stranger was doing.
It means that 10 years ago the land price was different, the demand for residential land was also different. Really at a time like now, with genuine artists like us, without any business, just making money with our profession, to have a piece of land and a house is a problem”, the artist said. Tu Long shared.
Artist Tu Long’s heart is also the heart of many people in the context of rising real estate prices today. On the demand side, a report analyzing Vietnamese real estate consumers’ sentiments in early 2022 by Batdongsan.com.vn said that Vietnamese people’s demand for real estate ownership is very high, especially after the Covid pandemic. -19. People with higher incomes, the more they want to have more real estate. In particular, the more real estate they own, the more Vietnamese people tend to sell their current assets to buy more real estate.
According to Mr. Nguyen Quoc Anh – Deputy General Director of Batdongsan.com.vn, the majority of home owners in Vietnam are people aged 40 years or older, married and earning 20 million VND/month or more. up. More specifically, for the group with an income of about 20-40 million VND/month, most of them own a real estate and only about 9% do not own any real estate. With an income of 70 million VND/month or more, most of them own two properties. Especially, with an income of more than 100 million VND/month, most of them own three properties.
Regarding real estate prices, data from the Ministry of Construction shows that the real estate market in the first quarter of 2022, the average transaction price of real estate for sale in the whole market is in an uptrend. Specifically, in 8 localities: Hanoi, Ho Chi Minh City, Da Nang, Hai Phong, Binh Duong, Dong Nai, Khanh Hoa, Ba Ria – Vung Tau. Some types of real estate in some localities increased in price quite high in March. Real estate rental prices in Hanoi and Ho Chi Minh City also increased slightly.
For example, in Hanoi, apartment buildings increased by 1.53%; individual housing increased by 2.24%; land for housing construction increased by 2.85%. Specifically, the land price for sale in Chuong My district increased by 74% compared to 2021, which is the highest increase in the Northern region and the highest in the country. Other districts in Hanoi such as Dong Anh increased by 20%, Gia Lam by 21%, Quoc Oai by 26% compared to 2021.
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