The demand for real estate for sale nationwide after Tet increased sharply越南文
The demand for real estate for sale nationwide after Tet increased sharply
According to the latest data from Batdongsan.com.vn, after the Lunar New Year holiday, the level of interest in real estate (real estate) has quickly increased again. Specifically, the number of real estate searches nationwide started to increase from the 2nd day of Tet and kept increasing quite strongly, until the 10th day of Tet reached an increase of 124% compared to the week before Tet.
Compared to the beginning of 2023, the real estate market at the beginning of this year has more positive signs in terms of interest and number of postings.
Data from Batdongsan.com.vn shows that the demand for searching real estate for sale nationwide in January 2024 increased by 66% compared to the same period in 2023, the number of real estate listings also increased by 52%.
Notably, in Hanoi and City. In Ho Chi Minh City, land plots and project land have a higher level of interest than apartments.
Specifically, in January 2024, the number of land searches in Hanoi increased by 110%, project land increased by 77% over the same period last year; Apartment searches increased by 71%. Similarly, in City. In Ho Chi Minh City, search demand increased from 71% - 73% for land plots and project land and only increased 59% for apartments.
The above data partly reflects the desire of many people to own land even though the market is no longer experiencing land fever like in early 2022.
Batdongsan.com.vn's Report and Index on Real Estate Consumer Sentiment (CSS) in the first half of 2024 also showed that up to 65% of respondents said they still planned to buy real estate in the next year.
Of these, the proportion of purchases for investment accounts for 60% and land is still the type that future buyers are most interested in.
According to the CSS report, the psychology of real estate buyers and sellers is no longer as cautious as in 2023. The real estate market sentiment index in the first half of 2024 increased by 3 points compared to the second half of 2023.
This index increased thanks to the improvement in consumer satisfaction with the potential increase in real estate prices, home loan interest rates, policies, and market situation.
In the context of the "warm" real estate market at the beginning of the year, brokers, trading floors and investors have started business campaigns early so as not to miss the opportunity to reach a large number of potential customers.
Mr. Dinh Minh Tuan - Director of Batdongsan.com.vn in the Southern region said that businesses in Dong Nai, Binh Duong and Long An all shared that earlier this year the number of land transactions increased.
Most of them focus on plots of land with standard legality, priced under 2 billion VND, located within a radius of 60 km around the city. Ho Chi Minh.
In the Hanoi market, with segments that meet real needs such as buying, selling, renting secondary apartments or inner-city retail space, many real estate brokers have also started work right after the holiday. Tet.
Supply is scarce while demand is still present, making the trading situation after Tet in these segments more exciting.
Assessing the psychology and trends of real estate business units, Mr. Dinh Minh Tuan commented that currently many investors are determined to push goods early in 2024 because if they wait until 2025 when the Law on Real Estate Business (amended) change) takes effect, collecting money will be more difficult and time-consuming.
At that time, the investor can only collect a deposit of no more than 5% of the selling price of the house or construction project to be formed in the future. After completing all obligations for sale, the additional 25% can be collected. Therefore, this expert predicts that new supply in the real estate market will soon improve in 2024.
