Real estate market in the fourth quarter of 2015: The closer the year ends, the more exciting it becomes

KT 316419 2 opt BFZWCurrently, high-end apartment real estate is "hot" in Hanoi and Ho Chi Minh due to the huge demand for housing in the urban area, making apartment buildings sell very well. Photo: TL
“Vietnam's real estate market in the past 9 months has been quite exciting compared to the same period last year. Good signals are becoming clearer and clearer, reflected in the increase in market supply and transaction volume. There are more and more successful transactions, the number of transactions in the real estate market in the first 9 months of 2015 is much higher than the number of transactions in the whole year 2014", this is the opinion of economic expert - Dr. Nguyen Tri Hieu.

The real estate market is also "fragrant"

In the context of the world economy in the past 9 months, the highlight was the devaluation of the Chinese Yuan (CNY) in August 2015 and the terrible drop in oil prices, causing the world economy to "wobble". The US Federal Reserve (FED) continues to delay the timing of raising interest rates. Besides, although the exchange rate has been kept stable in the past 2 years and in early 2015, the State Bank of Vietnam (SBV) has committed to keeping the exchange rate at 2%. But, under the pressure of devaluation of the CNY, the State Bank was forced to adjust the exchange rate at a fairly strong level equivalent to 5% compared to the beginning of 2015 and beyond the State's commitment margin. However, Vietnam is still "standing" quite firmly, especially the real estate market is showing signs of warming up and is not much affected by the negative impacts of the world economy.

The overall growth of the economy is one of the reasons driving the recovery of the real estate market. According to the latest report of the General Statistics Office, GDP in the first 9 months of 2015 increased by 6.5%, this is the highest increase in the last 5 years. This is considered a good sign for the Vietnamese economy. Besides, inflation is also decreasing sharply over the same period. The stable real estate market creates a solid springboard for investors to develop new projects. Buyers' confidence in the real estate market contributes to increased purchasing power and this positive trend will continue until the end of 2016.

Vietnam has very clear advantages compared to other real estate markets in the region. The great attraction of Vietnam's real estate market is clearly evident in recent years. Vietnam has attracted a large amount of FDI capital, especially from foreign businesses, causing Vietnam's economic growth to have steady momentum. more sure. Specifically, in the first 9 months of 2015, registered FDI capital increased by 53.4%, disbursed capital increased by 8.4% compared to the same period in 2014.

In addition, the Trans-Pacific Partnership Agreement, which has just been successfully negotiated, will be a "golden" opportunity for the Vietnamese real estate market, especially commercial real estate such as industrial parks, offices for rent..., In the near future, investment capital flows to Vietnam will push up the demand for commercial real estate.

Which segment will be exciting?

“The real estate market is warming up and credit pouring into real estate will be beneficial. But not all market segments are vibrant, only a few segments have positive signals. Currently, high-end apartment real estate is "hot" in Hanoi and Ho Chi Minh due to the huge demand for housing in the urban area, making apartment buildings sell very well. Because, the number of people flocking to big cities to live and work is increasing" - said Dr. Nguyen Tri Hieu.

Currently, the market in the western region of Hanoi has been showing signs of strong growth again because it has begun to urbanize quite quickly and develop infrastructure. With a series of apartment projects in different segments, from low-income houses to high-end apartments. Therefore, from now until 2016, many apartment complexes will be launched for sale and many new projects will be concentrated in the western region.

Regarding real estate prices, although the last 3 months of the year are the time when customers have high demand for housing, the supply of the real estate market is also very much so house selling prices will be quite stable. Meanwhile, every project investor wants to sell their house quickly, so house prices from now until the end of the year are unlikely to increase dramatically. However, when the real estate market warms up, not all investors can sell their houses. There will be projects that sell slowly and projects that sell well because sales still depend on many factors such as the reputation of the investor. investment, location and quality of the project, competitive prices...

Lethy corp According to: Tra Giang-Labor Newspaper

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