Speaking to reporters, Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Real Estate Brokers (VARS) said that the first quarter of 2024 is a "unique" opportunity, a suitable period for experienced investors and professional investors to collect good products, long-term investment within 3-5 years will bring high profits.
Dr. Nguyen Van Dinh predicts that from the third quarter of 2024, the market will start to rise, at which time the opportunity to buy real estate at a good price at the bottom will be very limited, even almost non-existent. Therefore, the first two quarters of 2024 are the "last wave" in the 10-year up and down cycle of real estate for investors to seize the opportunity to "put money down".
Many experts believe that the first quarter of 2024 is a "unique" opportunity to invest in the real estate market (Illustration photo).
"This period is suitable for investors with sustainable finances and market knowledge to capture the "last wave". For those with real housing needs, this is a good opportunity to realize their dream of settling down - because during this period, real estate businesses are forced to restructure and adjust selling prices to survive," said Mr. Dinh.
According to the analysis of the Chairman of VARS, in 2024, the real housing demand of people will still be very high. Accordingly, when the market meets the demand for "affordable" goods, people will still buy.
Sharing the same view, Mr. Le Hoang Chau - Chairman of Ho Chi Minh City Real Estate Association (HoREA) acknowledged that the real estate market is turning bright, growth will return in the second half of 2024.
“The current time is not a good time to sell, but it is a golden opportunity for buyers when the market determines the bottom of real estate. Buyers can easily find real estate with good prices, good locations, and full legal documents for investment. When grasping the signs of recovery and clear signs of the real estate market, many people will firmly grasp the opportunity to hunt for good prices at this stage,” Mr. Chau shared.
According to experts, entering 2024, the real estate market sentiment index has increased compared to 2023. In early 2024, the real estate market is gradually recovering and has been differentiated by segment and region. Policy penetration has been better, monetary policy has been loosened in 2024, interest rates have decreased deeply, creating conditions for businesses as well as people to access more easily.
In early 2024, the real estate market is gradually recovering and is differentiated by segment and region.
Experts believe that in the coming time, the real estate market will undergo a purification process, investors who abuse financial leverage will be eliminated from the game, and businesses that are "strong because of rice, bold because of money" with potential and real strength will have a "place to show their skills".
According to Ms. Pham Thi Mien - Deputy Head of the Market Research and Investment Promotion Advisory Department (VARS), the world economic situation and macroeconomic management will have a strong impact on the real estate market. Accordingly, 2024 is the foundation for a new development cycle of the market. The residential real estate segment (social housing or affordable commercial housing) will play a good role as a pillar and support leading the market from mid-2024.
Assessing the real estate investment channel, economic expert Dinh Trong Thinh said that in 2024, the real estate market will continue to face difficulties but also many new opportunities. Positive factors, especially the Government's management policies in recent times, are gradually permeating, gradually promoting effectiveness, helping to adjust the real estate market to a stable area.
At the same time, the National Assembly's approval of the Housing Law (amended), the Real Estate Business Law (amended) and most recently the Land Law (amended) will have a positive impact on the real estate market. Notably, buyers' confidence will be strengthened when regulations require investors to fulfill their financial obligations before future products are implemented.
“In my opinion, real estate is still a safe haven for investors. In 2024, people's confidence will be strengthened, products will be provided by investors with financial capacity and reputation, helping to balance the real estate market.
From the second quarter to the fourth quarter of 2025, real estate will flourish, and investment capital in the real estate sector will increase. After the first quarter of 2026, real estate may enter a period of stability, with good growth momentum in liquidity and price," Mr. Thinh predicted.
According to experts, this period is the right time for real estate buyers, especially in the apartment segment. When the real estate market is sluggish, investors have launched a series of preferential policies, even reducing house prices to maintain liquidity, so it is a golden time for investors with enough financial potential to invest in real estate.
N.Giang
Source
Comment (0)