Fed up with skyrocketing house prices, Ms. Oanh (in Hanoi) decided to give up her idea buy a house on this occasion “Not only did the homeowner offer a high price, but they also suddenly increased the price because “I see many people are interested in asking to buy,” Ms. Oanh shared.
Ms. Oanh’s family is in need of buying a house in Hanoi to live in. After a period of research, she found that she needed about 3 billion VND. Just bought a house in the alley. She turned to look for an apartment with the hope of having a lower price so she wouldn’t have to borrow a lot.
But Ms. Oanh’s move could not be done because of recent prices. Apartment prices are increasing too fast. In early February, I asked for a 75m2 apartment on Tran Thu Do Street (Hoang Mai, Hanoi) priced at 28 billion VND. Recently, I was informed by a broker that the owner of this apartment has increased the selling price to 3 billion VND,” Ms. Oanh shared.
“Extremely good” she found Find a house in the alley. However, when she asked the brokers again, she was informed that a house in a similar alley that had previously cost 3 billion had now increased to 3,453,555 billion VND.
“About 3 months ago, I was referred by a broker. Come see the house in Nam Du alley (Hoang Mai, Hanoi) with an area of 30m2, built with 4 floors, 1 street, 2 motorbikes, the price of this apartment was 325 billion VND with negotiable by the owner” Ms. Oanh shared shared and said that the broker said the owner sold this house for 36 billion VND.
According to Ms. Nguyen Dung – a professional real estate broker in Hanoi – in recent months there has been a need to find a house to buy. Land in alleys in districts of Hanoi increased. However, the fact that the homeowner “turned around” to increase the selling price when many people asked to buy made the transaction not successful.
“House prices in alleys in Hanoi in many places are higher than 100 million VND/m2 . With finance is about 3 billion VND. Buyers only have options for houses with areas ranging from 30-35m2” Ms. Dung shared.
Latest data from Batdongsan.com channel. vn shows that the average selling price of apartments in Hanoi in the first 2 months of this year increased by 17% compared to the same period in 2023. In fact, many buyers and real estate brokers also commented that apartment prices in Hanoi are increasing. “Climb the ladder”. No less project has a price increase of over 20% after just 1 year.
Besides apartments, many other types of real estate also saw increased demand in early 2024 compared to with the same period last year. Specifically, private houses have an increase of 27%, street-front houses have an increase of 15%, villas have an increase of 12%, and land plots have an increase of 9%.
According to the recommendations of many real estate experts, investors and real estate buyers and sellers, Real estate needs to spend more time observing market developments in the upcoming period. Currently, real estate prices may increase due to scarce supply, but it cannot be ruled out that there is a situation of “inflating” prices…
Mr. Nguyen The Diep – Vice President of Ha Real Estate Club In order to buy a house without making a mistake, you should proactively survey and compare house prices with similar apartments in the same project, same area, same segment. If you see that the price difference is too high compared to the price offered by the broker, you should consider paying the price or go to the landlord.
However, regarding the situation of brokers charging too much difference, this expert said Nowadays, it is not uncommon for brokers to use the trick of “surfing” to make a profit by only making a deposit with the homeowner, then putting it up for sale when a customer buys it, then they immediately transfer to get the difference.
But that difference needs to be appropriate and not too high compared to the market, causing buyers to lose confidence. Therefore, home buyers need to be alert to the tricks of brokers.
According to real estate expert Nguyen Quoc Anh, if the level of interest in apartments in the coming months will exceed the peak of August/ 2023 may lead to price levels continuing to increase. However, if demand cools down, apartment prices will be adjusted.
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