As economic sectors gradually stabilize, the real estate (real estate) market tends to warm up, many positive ...
As economic sectors gradually stabilize, the real estate (real estate) market tends to warm up, many positive signals with an increase in the number of transactions, investors tend to choose projects with standard legality, beautiful locations and high potential for price increases.
The housing market is warming by the end of 2023.
The market is warming
The real estate (real estate) market at the end of 2023 is expected to warm thanks to a series of political information. The first is that the Prime Minister has just signed No. 993/CĐ-TTg on the continuation of the drastic implementation of solutions to develop the real estate market.
As a result, the Government instructed the State Bank to order commercial banks to continue promoting loans to the real estate sector; There are suitable solutions to reduce costs in order to reduce interest rates.
In fact, after numerous drastic instructions from the government and the State Bank, interest rates on mortgage loans have cooled considerably.
According to a survey by Batdongsan.com.vn, interest rates on bank loans for existing loans fell by 1-3% compared to the beginning of the year.
the fact that the National Assembly has just passed the Housing Act and the Real Estate Affairs Act is also a particularly important point for investors to invest money with confidence.
In order for investors to have an overview of the real estate market in the period of late 2023 and 2024, Assembly Keo Group (RKT Group) organized a seminar on the theme: «Trends in flows in real estate in 2023».
During the seminar, economic and real estate experts analyzed many aspects of cash flows in the real estate market during the last period, in particular the growth potential of real estate during the period of late 2023 and 2024.
To the question of how people can be sure to withdraw money from banks to buy real estate? Mr. Alex Pham stated that it depends on the psychology of investors.
Psychology largely determines people’s transaction needs, so it requires the market to provide more real quality products, meeting real needs, if it is a rental property, it must have a good location and can help investors to effectively exploit the rental cash flow immediately.
Another factor is the legality and security when investing in real estate, which makes buyers insecure to put money, so that projects that already have products, guaranteeing rental profit margins, will gradually bring cash flow to the market.
Where possible, buyers should sit down with a personal financial advisor to review their current financial situation, their ability to buy a home, borrow and repay their loans. Each person will have a different financial health, so during the consultation, I often remind clients to look at themselves, their families to see their needs, their income risks before making a decision,” shared Alex Pham.
Townhouse segment - Focus on investment
Commenting on the real estate segment with good growth in the coming times, Mr. Tran Khanh Quang - Managing Director of the real estate investment company Viet An Hoa noted that investors must choose real estate products legally, located in locations with good liquidity.
With the segment known as the “king” investment channel, the land, according to the expert, will recover in the second and third quarters of next year. Therefore, he said that the purchase of land at present should be considered, only professional investors should buy.
There is expected to be strong growth in the coming time, as major traffic projects, international airports and seaports are heavily invested in this region.
Moreover, in general, real estate prices in this area are still quite low compared to the economic development potential of the region.
Via Tap chi Tai chinh