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Update news real estate market
Vietnam's real estate market is unlikely to boom next year, according to experts.
With an additional credit growth rate of 1.5-2 percent, VND240 trillion will be pumped into the economy from now to the year-end, which could a good sign for the real estate market.
Real estate is a profitable business field, but not all investors can earn huge profits.
The State Bank of Vietnam (SBV) on December 5 said that the credit growth rate limit has been raised by 1.5-2 percent for 2022, which means that about VND400 trillion more will be pumped into the national economy.
Some experts have warned that taxation, if applied, would have a negative impact on the real estate market.
HCM City’s proposal of taxing second homes was stirring mixed opinions on its impact on the property market which was in liquidity problem as well as how and when the trial policy would be implemented.
After three years of keeping the land coefficient unchanged because of Covid-19, HCM City plans to increase it to make it closer to the market price.
The goal of developing 1 million social housing units may not be feasible.
Several businessmen have built a fortune over the last decade, but their ambition of obtaining growth at lightening speed has caused their assets to drop dramatically.
As buyers have become more aware and careful about shady practices, real estate brokers have not been able to sell properties at prices much higher than their real value.
As the real estate market has been cooling down over the last two months, now is the time for investors to buy land and housing at reasonable prices.
Vietnam’s stock and property markets are struggling with volatile capital flows. If the situation is not properly tackled, dire consequences would be unavoidable.
While the gloomy outlook also haunted the city's apartment market with sales plunge, investors are seeking houses in existing residential areas with available social infrastructure such as markets, and schools to buy.
As a short-term vacation spot, Phu Quoc is also expected to become an ideal place for diverse living demands of global citizens in the future.
The relationship between population and housing is two-sided. Population growth leads to rising demand for housing in Vietnam.
Optimism rose among urban dwellers early this year as several medium and large-sized businesses revealed plans to build affordable housing projects.
The taskforce comprises of eight members, headed by Minister of Construction Nguyen Thanh Nghi.
Real estate developers and experts anticipate that the real estate market will be rescued once the task force is established.
Many real estate developers in Southern Vietnam have decided to postpone their sales plans as market conditions are unfavorable.
After failing to make it a rule that all real estate transactions have to be carried out via trading floors, the Ministry of Construction (MOC) has again attempted to apply the principle.