Residential real estate continues to be a "promising land" in the long run

26/07/2018   Viewed: 63
Market research units forecast that foreign visitors, mainly from Asian countries, will continue to seek the Vietnamese market, facilitating the development of high-end, high-end and high-end projects. The resort, besides thrust comes from foreign capital flows.

The latest report of the General Statistics Office shows that in the first 6 months of 2018, real estate business in Vietnam grew by 4.12%, the highest in the same period last 4 years.
 
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Positive growth of the market and good profit can be seen as the driving force behind real estate becoming a magnet for foreign capital, as well as becoming a "promising land" for new businesses.

In the first half of 2018, the registered capital of newly licensed projects reached USD 4,971.1 million, accounting for 42.1% of the total newly licensed capital. During this period, 3,300 real estate businesses were newly established. On average, 18 enterprises in this field were newly established.

Assessment of the real estate market in 2018, Vice Director of Central Institute for Economic Management - Assoc. TS. "2018 is at the end of the 10-year cycle of the revolving real estate market - aging - sick - death, so with 2018, tradition has shown that doing nothing real estate has also increased. The school is very good. "

According to Chung, the profit brought from real estate business for businesses is very large, "if spent 1 dong is 1.5-2 dong. Therefore, this is also the cause of the increase in the number of real estate companies established.

Travel shines

However, not every segment yields good margins. While the phobia of apartment fire broke the price of commercial real estate segment, decided to temporarily postpone the adoption of the Law on Special Administrative-Economic Units of the National Assembly to cool down the fever. "virtual" in some economic zones, resort real estate is still considered a "bright star" in the investment channels.

This is also an understandable trend if placed in the context of tourism Vietnam continues to be considered one of the top markets in Asia. Only in the first 6 months of 2018, international visitors to Vietnam reached over 7.89 million, increasing 27.2% over the same period in 2017. Domestic tourists are estimated at 42.8 million; Total revenue from tourists reached 312 trillion VND, up 22.5% over the same period in 2017, according to VNAT.

The increase in the number of tourists is a "guarantee" for the rate of exploitation of resort real estate products, one of the key factors determining their profitability.

"The reason is that by the infrastructure of services is invested modern, the private economic sectors are involved in investing and exploiting services at the key tourist sites. Especially, the airways have been strongly invested and have created a connection between the coastal cities and the international connection, "said Savills Vietnam Managing Director Neil Macgregor. identify.

Select the gold face

But in a multi-color picture, when real estate resorts in some coastal provinces such as Phu Quoc, Quang Nam, Quang Binh, Binh Dinh ... still recorded a good absorption rate, in Da Nang or Khanh Hoa, according to preliminary statistics, condotel products or coastal land are showing signs of downturn or price reduction.

Explaining this phenomenon, deputy general secretary of the Vietnam Real Estate Association Nguyen Van Dinh said that this is absolutely consistent with the law, because during this time people focus on the examination of children or summer travel ... so not as enthusiastic as the first quarter of the year.

In addition, according to the response from a distribution agent, after an unusually hot fever, investors are exploring to prepare for investment in the last months of the year. Especially, this is also the preparation phase in July lunar calendar, commonly known as the "month of soul," the period many people have the psychology of abstaining from buying and selling houses.

About the market in the second half of the year, DKRA Vietnam JSC said that the land segment is still the investment channel is selected top. However, in the context of the market signs of cooling, buyers will be more cautious when making investment decisions.

Once the real estate investment has been determined, investors should pay attention to the reputation of the project through five factors: legal status, reputation of investors, project developers, units management and operation, construction progress.

According to Ngo Viet Thang, Chairman of the Board of Directors of Redland Investment and Trading Joint Stock Company, when a real estate project has three elements: good quality, new model, financial support from owner investment and banking, still witnessed good absorption in the last quarter.

In addition, Thang also pointed out that while condotels and coastal villas are recording increasingly fierce competition among developers, a new product is emerging but is gaining market share with speed. This is the land of the resort. This product is both new and flexible, when the initial capital requirement is not high, but allows individual investors to freely choose construction products then the operating objective. This promises to be the rival of the traditional condominium resort models are the condotel and sea villas.

Creating a prominent, competitive advantage for the project to attract buyers from developers is also a factor DKRA Vietnam considers the key to spring up in the coastal real estate race in time. next.

Expressing optimism about the long-term market, DKRA Vietnam forecasts that the number of foreign visitors, mainly from Asian countries, will continue to look to the Vietnamese market, contributing to the development of the project. Luxury, luxury and resort property, besides thrust comes from foreign capital flows.

"Investors who intend to access the real estate market for tourism and entertainment should as soon as possible. Despite the potential for future growth, especially in prime locations, this type of real estate will become increasingly valuable. " Dang Hung Vo - former Vice Minister of Natural Resources and Environment, acknowledged.
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