Entering the last month of 2022, the real estate market is clearly showing difficulties. Many real estate segments reduced prices, many places cut losses and sold off. Even though the price has dropped, most people have money or need to be cautious.
Ms. Thu Nga (Dong Da, Hanoi) said that she has more than 2 billion dong of "prime capital" and wants to invest in real estate. Every day, she still receives many phone calls to buy real estate projects across the country. However, her point of view is to only buy projects in Hanoi.
For many months now, Ms. Nga has been surveying and seeing that the prices of all types of real estate are on a downward trend, however, she is struggling between many real estate segments. According to Ms. Nga, the apartment segment includes apartments that have been put into use and apartments that are under construction.
"Now that the apartment has been put into operation, it has decreased by about 30% compared to a few months ago. Specifically, the price of an apartment of 70m2 on Nguyen Tuan Street (Thanh Xuan, Hanoi) has decreased by 300-400 million VND, while other projects paying according to the schedule also decreases. However, what I worry about is that the project is slow in construction. If I buy it, I am afraid that the project will never be handed over," Ms. Nga said.
Many villas and adjacent projects decreased by 20-30% compared to the beginning of the year.
According to a reporter's survey, currently the adjacent segments, villas in Long Bien, Ha Dong ... have decreased by 20-30% compared to the beginning of the year. Although many places are selling, experts also think that the market still has to wait for the right time to buy.
Is this the time to "bottom" real estate to enter money or not? Mr. Nguyen Anh Que - Member of the Executive Committee of the Vietnam Real Estate Association - said that the "bottom" of the real estate market will fall in the second quarter of 2023. Mr. Que said, based on the demand for cash flow pressure, the market still has to adjust; it is likely that the market will recover at the beginning of the fourth quarter of next year and then start to develop again.
"Currently, investors sell to "cut losses" about 10-20%, even 30%. Investors are pressured on bonds, so there are projects with a discount of 30-50%," said Mr. Que and said. that investors who do not have financial pressure are truly assured: "From now until the end of the second quarter of next year, it is a golden time to invest in real estate for investors who have a lot of money available to buy real estate assets. low-priced products or projects”.
Meanwhile, Mr. Nguyen Van Dinh - Chairman of Vietnam Real Estate Brokers Association - said that the market is in a quiet stage. The phenomenon of real estate speculation no longer exists because prices are very high from Hanoi, Ho Chi Minh City, even to places as far away as the plateau... If investors buy at this time, they will not be able to sell in a few months, if any. If you sell it, you'll lose money.
According to Mr. Dinh, when the real estate market is difficult, investors should slowly, carefully, evaluate investment opportunities most accurately. Because, just 1-2 profit-taking deals can generate bigger profits than investors who have poured money in the past 2 years.
According to Ngoc Mai/Tienphong.vn
