Is this an opportunity to rectify the long-standing housing and land ownership situation in urban areas, which has caused the market to "inflate prices" and people in need to face difficulties?
With just one change, people who want to transfer urban land must build legal structures on it and complete all necessary procedures, and speculation on vacant land will have to end accordingly. If this can be done, it will help the real estate market change greatly.
The end of "buying land and waiting for the right time"?
The recent real estate market "bubble" in some big cities is seen as being caused by speculation by many financial resources, registering to use many "golden" lands to land plots in inner cities, waiting for the market to "heat up" to sell.
This situation has lasted for quite a long time, there are “hot” planning areas in Hanoi, Ho Chi Minh City, Da Nang, speculators have “pinned” hundreds of such vacant lots, between planning areas, new urban development projects, and even residential planning areas. There are projects and areas where vacant lots have existed “waiting for the right time” for more than 20 years…
The market is always fluctuating, causing real estate prices to increase sharply. As a result, workers in large cities have almost no chance of owning their own homes. The more conflicts arise, the greater the gap between market prices and living income, the more pessimistic people are about the future of no opportunities in the city.
Experts warn that negative psychology about "housing opportunities" has appeared a lot in developed countries, and is now appearing in Vietnamese cities.
Therefore, with the draft information that no longer allows the transfer of vacant land in urban areas, but must comply with the Housing Law, people will mainly trade in housing, attracting favorable opinions.
If this is true, the speculation of vacant land, including residential land and land "waiting to be converted to residential land" in the minds of many people in society, will have to end.
Citizens of big cities will have a clearer opportunity to choose to own houses that are built and planned reasonably. Because according to information, the transfer of urban vacant land is only carried out in new urban housing and land development projects; while people who own vacant land must "get a pink book", have a certificate of land use rights and assets attached to the land. The story of vacant land lots increasing in price tenfold overnight will no longer exist!
A transparent housing market
Consultants pointed out two important directions of movement of the real estate market in the coming time, both related to the new Housing Law and Land Law.
That is the priority in applying the Housing Law to urban areas, and the Land Law to changes in rural areas. The tightening of the State management agency will quickly end the illusion of opportunity in speculating on agricultural land converted into residential and commercial areas with transaction profits several dozen times higher...
Instead, the urban housing market will have more positive changes. A leader of the Vietnam Urban Planning Association shared that the upcoming changes in administrative management merger will be in the direction of transparency in urban housing area.
This is in the planning of provinces and cities - how to better control and limit the situation where real estate prices exceed many times the accumulation opportunities of urban residents in big cities.
The housing development goal from the general policy will rebalance the source of rental housing for workers and social housing for those in real need. Real estate speculation and manipulation of urban infrastructure investment projects will gradually end.
For urban residents who own vacant land, investment in urban infrastructure and development of actual residential housing areas will clearly define investment responsibilities on land. Accordingly, residents must complete their houses and land, register their related rights of use and ownership, and then be able to transfer transactions.
Accordingly, real estate prices will be automatically adjusted according to market demand. The "golden" lands will be re-evaluated by the market itself, no longer being "virtual" numbers about growth opportunities, because when building more works on the land, it will mean real, daily costs, about technical infrastructure (electricity, water, environmental treatment), transportation, living expenses, etc.
New urban investment projects will be residential and commercial areas, inevitably developing rental housing, commercial housing, and limited-term apartments.
Citizens will be encouraged to rent housing long-term at reasonable prices, saving financial resources for other benefits. Thus, urban residents will be guaranteed convenient housing, no longer stressed about the need to own residential land.
This changed concept of ownership will be similar to developed countries and gradually, the noisy stories about urban land prices "skyrocketing" will be a thing of the past. The urban housing market will be more transparent!
Source: https://baoquangnam.vn/co-hoi-cua-nha-o-do-thi-3146444.html
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