Getting Real Estate Circuits 2020 Quarter III

Getting Real Estate Circuits 2020 Quarter III

In early 2020, the economic situation was slowing down due to the "economic blow" Covid-19. Real estate, real estate, property, real estate and valuation are also affected. But compared to the world, the Vietnamese economy has a very fast recovery rate.

So what are the opportunities for investors in this quarter?

Review the difficulties in the first and second quarter.
At the end of 2019, with the "economic blow" Covid-19 hit the world economy in general and Vietnam in particular. The inertia of the market is not only for real estate and real estate industries, which are damaged due to the return of houses and ground from investors due to the lack of strong demand, other industries such as transportation and retail. , insurance, banking, textiles, footwear, wood and wood products, steel, tourism ... are also negatively affected.

The market with inertia slowly started to touch very few transactions. Before Tet, the market had the phenomenon of withdrawing capital, accepting no profit or even losing about 10%.

Real estate investors at this time welcomed a "surprising wave" of Covid-19, so the market showed signs of slowdown, prices were still very high, especially for coastal houses and houses. Investment still owns a lot of real estate, including the use of bank loans as a form of financial leverage.

The high level of bad debt is the bottleneck for the economy so it is inevitable, but still under control, so the economic recovery is quite solid under the state management.

Real estate shift forecast in the third quarter.
Starting with governments "dismantling" assistance to recover the economy after the Covid-19 "wave", to boost not only with key national economic markets such as Ho Chi Minh City. Can Tho City. Danang, TP. Dong Nai ... constantly has cash flows flowing into high-tech park projects in Da Nang

Major investors such as Vingroup, Novaland, FLC, KITA group, T&T have been aggressively implementing large-scale projects in Can Tho city. Create positive changes for the real estate market in particular and the provincial economy in general.

With the advantage of clean, abundant land and above all, prices are at an acceptable low compared to equivalent cities.

Why the difficult time when investors focused on surfing and short-term also thanks to the positive response from the big investors and the promotion of the government, the economy gradually shifted back back to potential projects.

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