According to statistics from a number of real estate market research units, apartments are still leading the market as selling prices and transactions continuously increase, especially in the secondary market. Many apartments at project old apartments have increased their selling prices with an average increase of 200-500 million VND per unit compared to the end of 2023.
Not only the apartment price level Apartment households tend to continue to be pushed higher in the land segment of real estate market Hanoi also witnessed an increase in selling prices compared to the end of 2023. Price increases fluctuate widely. about 5-10%.
Before the situation house prices real estate has increased, there are many cases where homeowners have “turned around” and not sold.
Admitting that the house price was paid higher than when it needed to be sold – hundreds of millions of dong at the end of last year, Ms. Thu in Long Bien district (Hanoi) still did not sell. She said she didn’t sell it not because she was waiting for a higher price, but if she sold it now, she wouldn’t know where to buy another house.
She said that at the end of last year, she planned to sell her 64m2 apartment to convert to Another 3-bedroom apartment has an area of more than 90 square meters. At that time, the expected selling price was 24 billion VND, but she kept advertising but no one asked to buy. Recently, this apartment was priced at 28 billion VND, but the apartment she intended to buy also increased to 37 billion VND.
Like Ms. Thu November Last year, Pham Van Quang in Hoang Mai district (Hanoi) also planned to convert from a house in the alley to a larger house, but now his conversion cannot be done due to housing prices If you increase by one, the other house also increases by two.
Now the price of the house in his alley has increased by 400-500 million VND compared to the end of last year, but the house has a larger area in the wider alley The motorbike he was looking to buy before also increased by billions of dong. Therefore, he concluded that house prices everywhere increased and the more valuable the house, the more the price increased.
Explain the cause of the situation Homeowners “turned away” despite being offered high prices, real estate investment expert Tran Minh said that recently, in old apartment projects, low-rise housing projects have increased in price to catch up with the price of new premises and some new projects in the distance The center is also given a high price.
According to Mr. Minh, the price does not increase in one area or location but in all old apartment projects, houses in alleys, low-rise houses. Therefore, even if the person who owns a house can sell it and make a profit, he or she cannot buy real estate located in the same area that is still being used.
Someone buys an apartment for 15 billion VND, now the price is increased to 22 billion VND, after selling, they still could not buy an apartment with such a location and functions,” Mr. Minh gave as an example.
Also According to him, investment channels such as stocks or virtual currencies are experiencing fluctuations or production and business channels are still facing many difficulties… So they will keep the house and not sell it anymore even though they see prices rising.
Commenting further on the market, he said that the people selling at this time are mostly speculators. They found new investment opportunities, especially those who have deposits in banks “flowing” into the market.< /p>
“The market also only has a portion of buyers who can actually buy a house at this time. Most of the time it is difficult to buy even though bank interest rates are low, the loan conditions and procedures are not easy because lending conditions now require cash flow and collateral… not everyone can borrow,” Mr. Minh said and commented. The current real estate “wave” is within a small range of people.
Although we do not deny that the real estate market is showing signs of recovery, many experts have commented on the “wave” of the market. The current market does not have much basis for long-term maintenance. Because the macroeconomy still faces many challenges, deposit interest rates are about to increase again. Solution solutions from the State also need more time. to deploy and promote effectiveness.
Experts recommend that during the unstable market period, buyers should not use too much leverage. Investors should choose segments that can be created cash flow.
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