The market is gradually active
According to experts, Vietnam's economy is forecasted to recover quite quickly, leading to the excitement of the real estate market in 2022. One of the factors that positively affects the real estate market is the legal environment. gradually improved when the Government plans to submit to the National Assembly to amend the Law on Housing, the Law on Land, and the Law on Real Estate Business.
Chairman of the Vietnam Association of Realtors (VARS) Nguyen Van Dinh said that for many years in a row, the market has had the most development momentum in Asia. Real estate maintains an average growth rate of 15% per year and is forecast to have many positive prospects this year based on sustainable macro factors. Vietnam is currently one of the small and medium-sized economies with good resilience, advantages in population size, young population structure, rapid urbanization, forecast to maintain growth of more than 6% in the next five years. In the coming years... This is an advantage to help the real estate market maintain its growth rate in the context of the epidemic. In addition, the local real estate market takes advantage of the Government's economic stimulus packages, as well as credit policies, market management, and market data management.
Real estate market 'breaks out' from economic stimulus packages
According to representatives of real estate businesses, the business has now restored 70% of operations at construction sites. In the past time, although the supply has decreased, from the end of 2021 is considered to be active when supply meets demand.
Through research, real estate is still a market attracting investment capital both at home and abroad. The industrial real estate segment will increase hot when the momentum of attracting FDI into Vietnam grows strongly, along with new investment by Vietnamese enterprises. The tourism and resort real estate segment will "pop up" if Vietnam controls the epidemic and opens up tourism services according to the schedule. Particularly, the affordable and mid-range housing segment can also increase sharply when relevant policies are completed and put into effect.
Mr. Nguyen Van Dinh added that basically, the land plot market still has great potential for development, especially in areas and localities with strong development of infrastructure and high urbanization rate. Therefore, in the first quarter and second quarter of 2022, the demand to buy land as an asset is still favored by many investors. However, for the market to develop sustainably, real estate credit outstanding must be strictly controlled.
Demand is still waiting for supply
Entering 2022, with the Government's efforts to control the epidemic and business rescue packages to restore production and business, the ability to recover the economy and Vietnam's real estate market is recognized by experts. high forecast, after 2 years of being negatively affected by the COVID-19 epidemic and policy barriers that have not been removed.
However, the supply in the market has not improved much because investment procedures have not been able to completely remove obstacles, especially in Hanoi and Ho Chi Minh City. The trend of real estate prices may continue to increase at a high level due to weak supply and strong pressure. Demand is still maintained, maybe even stronger.
According to Dr. Can Van Luc, economist, in 2022, the economy is forecasted to recover quickly, when the Government well implements the economic recovery program, including the proposed social housing credit package. is 65,000 billion VND; housing development strategy The Ministry of Construction is urgently completing and submitting to the Government for approval; public investment, especially legal issues have been removed strongly in the past time and the Land Law will be revised in the near future; The government is also amending the decree on housing for industrial park workers… These policies will positively impact and improve the supply of the real estate market in 2022.
A review by Colliers Vietnam (the world's leading company in the field of real estate services operating in Vietnam) shows that the supply in 2022 will be improved with many new projects by investors in and overseas compared to 2021. However, due to the scarcity of land in the inner city, new projects in the mid-end segment will mainly focus on suburban districts. The central land fund will be prioritized for the development of luxury and high-class housing projects. Therefore, housing prices are expected to maintain an average growth momentum of 3-7% in 2022 across segments.
In general, in the context of a positive economic recovery, the real estate market is expected to have many new opportunities in 2022. In developed markets such as Hanoi, Ho Chi Minh City, Da Nang, projects Urban areas are about to be deployed in new housing areas that will continue to contribute to the new open supply in the future and offer new options for individual investors in the context of the limited supply market. past time.
By Baotintuc.vn