The rate of increase in the price of real estate exceeds gold, securities and deposits

According to a survey of the real estate market research unit, currently, land and housing have the highest price increase index; followed by gold, securities and savings deposits.

According to a survey of the real estate market research unit, currently, land and housing have the highest price increase index; followed by gold, securities and savings deposits.

 

In the past 2 years (from January 2020 to June 2022), the housing, gold, securities and savings markets have recorded many ups and downs. In which, the increase in the price of real estate surpassed gold, securities and savings deposits.

Information to a reporter of VietnamPlus Electronic Newspaper on June 30, a representative of Batdongsan.com.vn said that according to general market data, currently, land and housing have the highest price increases; followed by gold, stocks and deposits.

Notably, although the gold and stock price indexes have increased strongly (44% and 57% respectively compared to January 2020). However, entering June 2022, gold and stock prices fell; only increased at 34% and 21% compared to January 2020.

Research by Batdongsan.com.vn also shows that in the second quarter of 2022, land plots in the North and the South had a sharp decrease in interest compared to the same period in 2021, but the asking price still increased in many provinces. compared to the average price in 2021.

For example, in Hanoi city, although the demand for land plots in the second quarter of the past year decreased by 23%, the price of land for sale in many suburban districts still increased sharply. In which, land plots in Dong Anh, Gia Lam and Quoc Oai districts increased respectively compared to the average price in 2021 from 31%, 27% and 20%.

In Ho Chi Minh City, the level of land interest in the second quarter of 2022 also decreased by 11%. However, the price of land for sale in many areas of this city has increased compared to the average in 2021. Typically, District 9 increased by 11%, Cu Chi increased by 8%...

Like land plots, interest in apartments for rent in Hanoi and Ho Chi Minh City was also recorded in an increasing direction, with a proportional rental yield.

Nationally, it is estimated that the demand for real estate for rent in the office segment will increase by 7%, townhouses by 63%, and apartments by 18% over the same period in 2021.

For apartments for rent, the interest increased mainly in non-central areas such as Gia Lam district up 13%, Dong Anh increased 9% over the same period in 2021.

In Ho Chi Minh City, the number of searches for apartments for rent increased the most in the East such as District 2 increased by 36%, District 1 increased by 13%, District 7 increased by 10%...

According to Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, in the context of the current economic situation and search trends, the most important factor affecting whether real estate prices increase or not is due to " market demand."

"Currently, 80% of real estate transactions and searches are concentrated in Hanoi and Ho Chi Minh City. The reason is that the urbanization rate from these two cities is high and densely populated, so the demand for real estate is high. housing is still high," emphasized Mr. Quoc Anh.

According to Hung Vo (Vietnam+)

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