Real Estate Trends in 2017: The affordable segment

19/04/2017   Viewed: 601
In order to make comments on the market and prospects for real estate investment, on 19/4, Consumer Newspaper held a workshop "Trends buying real estate in 2017".
 
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According to experts of real estate, banking and lawyers, in 2017, the real estate market will slow down compared to 2016 and by 2020 there will be a big adjustment to solve the supply-demand phase difference in the real estate segment. V.I.P. Therefore, HCM City Real Estate Association and experts recommend that in 2017 the market will have a strong shift to the real estate segment is affordable to meet the real needs of the majority of middle-income people Average and low income in urban areas.
 
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Panorama Conference.

If 2014 - 2016 market is too strong for the economy, 2017 - 2020 forecasts that the market will be more difficult. The specialty of the real estate market in Vietnam is the speculators use large bank loans, accounting for 60%. This amount is borrowed from banks with a loan rate of 70-90% of the value of real estate so they often have demand for goods when they receive the apartment. Real estate businesses also have the need to boost sales to pay off debt so there is very high price competition. Only 16 real estate companies currently listed on the stock market have debts of nearly 161,000 billion, so in 2017 and 2018 will have about 40,000 apartments offered for sale. This is a huge number that the market is not easily absorbed. Along with the difficulties in funding when the State Bank will limit short-term capital for medium-term loans, it is difficult to leverage for investors.

However, the property market in 2017 still has the opportunity for investors because house prices in Vietnam are still lower than many countries, infrastructure and economic environment of Vietnam is developing, the demand for property People's housing is still very large and is on the rise. Apart from investment channels such as gold, securities, and savings, real estate investment channels are still highly preferred. With these assessments, experts said that in 2017 the middle and high-end apartments in good locations are still the right choice for people with true financial capacity. Cheap apartments with high demand but if the location and infrastructure is too poor will be difficult to profit investors. The land segment may be stopped because investors find it difficult to exploit. The downtown townhouse will continue to stabilize due to good service and no traffic jams.

Tran Khanh Quang, real estate consultant, said: 2017 is the real estate market in terms of quality rather than quantity. Products offered for sale will be less, low price apartments under 1.5 billion is still a good choice, townhouses 2 billion will still attract visitors, the land in the West and South investment will be profitable over God.

Source baooaydung.com.vn

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