Forecast News Real Estate In HaNoi Will Increase

Forecast News Real Estate In HaNoi Will Increase

Real estate news has always been a hot topic recently, for Hanoi as the capital of Vietnam, these news are always topics that real estate developers need to update and monitor regularly.

Supply of high-end real estate is scarce in Hanoi

In the first months of the year, the real estate market in big cities of Hanoi was quiet, new supply plummeted, mainly concentrated in the mid-end segment and some apartment projects hit new stages. Meanwhile, high-end real estate projects, especially land-attached real estate projects, are increasingly scarce.

As noted by the Vietnam Association of Real Estate Brokers, the supply and transaction volume in the first quarter was the lowest in the past 4 years. Specifically, the supply of newly launched apartments in the first quarter of 2020 in Hanoi was 1,167 apartments, only equal to 25% compared to the same period in 2019 and 19% compared to the same period in 2018.

Similarly, at the online report on Hanoi real estate market in the first quarter, the sale of new apartments in Hanoi decreased by 86% year on year, without any luxury projects coming online. However, the primary price was relatively stable on a quarterly basis, only increasing slightly by 4% YoY.

The real estate industry "stands" amidst the difficulties of the market

Despite the gloomy general market context, a number of real estate projects for sale in the next phases still maintained good transactions, especially in the high-end segment.

Businesses are still racing to "collect" clean land funds in the face of real estate in key centers of Vietnam, which has increased sharply due to scarce supply.

Judging by the year-end market, research companies all have positive predictions that real estate will bounce back thanks to the positive signals of FDI inflows and remittances. So far, no enterprises have made any moves or announced a price reduction policy.

If Vietnam continues to control the epidemic well and overcome the disease, it will be a safe bright spot for epidemiology, economy and politics, thereby creating trust and attracting expatriates to invest countries as well as foreigners to come. live and work. At that time, the demand for property, especially high-end real estate, will be higher and higher.

Source: baodautu.vn

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