Buying real estate is “spinned” by the price of billions

In just a short time, a property changed hands to many owners, causing the price to reach billions of dollars. Sharing about the story of buying a “missing” house, Mr. Tran Son (Nam Tu Liem, Hanoi) said that last April, his family had a plan to buy a house. After many days of searching, he liked a 5-storey house, located on Le Duc Tho street, with an area of ​​​​60m2, the owner’s price was more than 6 billion VND.

“Because the day I went to see was not good, I promised to come back tomorrow to make deposit documents. Worth mentioning, when I came back the next day, the house had already been purchased. The broker again connected me with the new owner, and the price was increased to 6.4 billion VND. After only 1 day, it has increased to 400 million VND, I am very surprised”, Mr. Son said.

However, after a week of thinking, because he liked this house so much, Mr. Son contacted again to negotiate the price. Similar to last time, this house has a new owner’s name. Continuing to pursue this house, contacting the new owner, Mr. Son fell back when he was given a price of 7 billion VND.

Thus, in a short time, the price of the house Mr. Son planned to buy has increased to billions of dollars. “This house has not been built for a long time by the old owner, it is still very beautiful. It is worth mentioning that it is difficult to buy such a large area in the central area, so I decided to buy it. But it was only a short time to issue more billions, so I had to give up, “said Mr. Son, bored.

Similar to Mr. Son, Ms. Van (Cau Giay, Hanoi) said that with more than 2 billion dong in hand, she started looking for old apartments in this area. After a period of searching, she was introduced to an apartment of 62m2 by a broker with the price of 2.2 billion VND. Because she couldn’t decide on her own, she promised to go with her husband to see it again.

“By the time I contacted again, the price had been increased to 2.5 billion VND. It is calculated that if buying this house, plus interior repair, it must be up to 2.7 billion VND. Because I didn’t have enough money, I continued to look for other places,” said Ms. Van.

In addition, this woman said, the broker of this house kept calling her to buy this house. This person gave the reason that the supply of apartments is not available, house prices in the area have also increased in recent times.

Not only the housing segment, buyers are “spinning” prices up. Even in the province’s land plot segment, even though the market is in a cooling down period, the price is still increasing day by day. Tran Tuan Anh, a side-by-side investor in Hanoi shared, recently, he returned to Nam Dinh to buy a piece of land for investment. It is worth mentioning that in just 2 weeks, the land had 2 new owners and the price increased by hundreds of millions of dong.

“I plan to buy it for about 2-3 years and then calculate. That land has an area of ​​​​109m2, located on a large road which is very convenient, initially the broker offered the price of 2.5 billion VND, I am also quite satisfied. But, 2 consecutive weeks to 2 new owners and the price increased to 3 billion. If this price is very difficult to buy to invest. While the market has cooled down and showed signs of leveling off. I think it can be a good liquidity trick,” said this investor.

According to experts, speculators and “storks” of land use enough tricks to “snag” goods, create virtual transactions to pull real estate prices up, surpassing the home ownership ability of the majority of people. . This, will leave many disastrous consequences for the real estate market, especially calling for investment and site clearance.

According to Dr. Le Xuan Nghia, last year, the number of real estate projects decreased by about 60%, the remaining only 40% compared to 2020. The number of transactions decreased by half compared to 2020, but the number of transactions only half of the transactions.

Explaining the possibility of price increase in the current real estate market, Dr. Le Xuan Nghia said that as long as supply and demand don’t meet anymore and it tends to go parallel, house prices are likely to stop rising. Over the past 10 years, supply and demand still meet, so real estate prices are constantly increasing.

“Inadequacies in urban planning are creating an imbalance of supply and demand, causing real estate prices in all segments to be hot. Almost projects for the poor, low-income people do not have, in which many land funds develop high-end real estate projects. That’s why, fresh graduates and workers talk about having a house in Hanoi is still a distant dream,” Mr. Nghia said.

Dr. Nguyen Van Dinh – Chairman of the Vietnam Real Estate Brokers Association said that in the long run, it is necessary to remove bottlenecks and obstacles, increase supply, meet the legitimate needs of the market, and avoid the situation of supply and demand. distortion, long-term imbalance.

“As for the immediate solution to deal with land fevers that are “threatening” the market, localities must soon get involved, take drastic measures to reduce transaction activities, and resolutely handle violations. “, Mr. Dinh emphasized.

According to Economic Life