Nearly 60,000 people join the group "calling to stop buying houses in Hanoi" to avoid price gouging"
Expressing their frustration with the continuously rising real estate prices, many Facebook users have joined a group to stop buying houses in Hanoi. In the past week alone, this group has had 6,000 new members.
When home buyers are helpless in the market
Established in April 2024, after just over 4 months of operation, a Facebook group called "Community to stop buying houses in Hanoi to avoid crazy prices" has attracted more than 59,000 participants.
The posts in the group are mostly shares, comments, and analyses about the story of soaring real estate prices in the capital. Under each post, there are hundreds of interactions, even up to thousands.
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| Image shared by TD member in the group. |
For example, a post by a user named TD, this character compared the broker's advertisement information about an apartment in Nam Tu Liem district. Specifically, on the morning of August 5, the broker offered the house for sale at 3.3 billion VND. However, by the afternoon of the same day, another broker had advertised it at 3.5 billion VND.
The post has received nearly 800 likes and 258 comments. Below the post, many people expressed their sympathy and shared more about their difficult journey of buying a house, when they had to helplessly witness the unreasonably "inflated" house prices.
“After a very tiring time looking to buy a house in Hanoi in early 2024, I decided to stop and not care anymore. It's not that I don't want to buy, but the price of real estate and apartments keeps increasing every day, at an unimaginable rate, increasing by 30-50% within 6 months," shared the founder of the group "calling" to stop buying houses in Hanoi.
In this character’s opinion, home buyers only have one wish: to own real estate at its true value. Therefore, the group leader decided to create a community for people with the same viewpoint to “encourage, share information, experiences and knowledge to help each other in the process of finding a house to buy in Hanoi”.
“This is a community of home buyers, members here are those who share the same opinion that the current price is unreasonable and should temporarily stop buying,” the group leader emphasized.
Although many posts in the group express negative attitudes towards brokers, the group founder affirms that he sympathizes with those who do this job and is willing to pay commissions to those who work hard.
“I still appreciate many brokers who are conscientious, send information and exchange pleasantries. However, I do not welcome tricks to find customers, advertise false house information or look down on customers. If the broker is good, I am still willing to put my trust in them,” the group leader shared.
House prices remain high
In the past week alone, the group “Community to stop buying houses in Hanoi to avoid crazy prices” has had 6,000 more members. This number is still increasing and is proportional to the increase in real estate prices in the capital.
According to the second quarter 2024 market report of the Ministry of Construction, apartment prices in Hanoi increased by an average of 5 - 6.5% compared to the previous quarter and increased by 25% compared to the same period last year. This increase not only appeared in newly opened projects but also occurred in many old apartments.
For example, apartment prices in the Royal City urban area (Thanh Xuan) increased by 33% compared to last year. The Pride (Ha Dong) also increased by 33%, My Dinh Song Da - Sudico (Nam Tu Liem) increased by 32%; Vinhomes West Point (Cau Giay) increased by 28%.
Some older projects such as Trung Hoa - Nhan Chinh urban area (Cau Giay), apartment prices have also increased by 25%; resettlement apartment complex in Nam Trung Yen (Cau Giay) has also increased by 20%...
To find apartments with slower price increases, buyers will have to move to areas far from the center such as Binh Minh Garden Duc Giang project (Long Bien); Le Grand Jardin Sai Dong (Long Bien)... However, the selling price of apartments in these projects is not less than 3 billion VND.
Faced with the above "galloping" price increase, Decree 96/2024/ND-CP, effective from August 1, requires the Ministry of Construction to propose regulatory measures when the real estate transaction price index fluctuates by more than 20% in 3 months or the market has changes that affect socio-economic stability.
The 2023 Law on Real Estate Business also clearly states the measures that the State will take to regulate the real estate market. These measures include adjusting planning and land use plans; adjusting supply sources and market structure; supporting preferential interest rate loans for customers and businesses operating in types of real estate that need support and priority for development, etc.
Source: https://baodautu.vn/batdongsan/gan-60000-nguoi-tham-gia-nhom-keu-goi-dung-mua-nha-ha-noi-de-tranh-ngao-gia-d222456.html
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