What benefits do home buyers get at this time?

Demand for home purchases continues to increase

The real estate market report recently published by many research units shows that in the third quarter, the liquidity of the secondary market has shown signs of a slight increase again, with investors starting to invest in projects with high discounts, full legal documents, locations near existing densely populated residential areas, and convenient transportation connecting to the central area. In addition, the demand for buying real estate nationwide has increased by 6%.

According to Batdongsan.com.vn, in October, the number of customers looking to buy real estate nationwide increased by 14% and this growth occurred in all types of real estate including apartments, land, private houses, and townhouses.

Of which, demand for buying apartments and private houses increased by 15%, villas increased by 13%, land increased by 12% and townhouses increased by 18% compared to the previous month.

Người mua nhà hưởng lợi gì trong thời điểm này? - 1 — The real estate market has received many positive signals in recent times (Illustration photo: Ha Phong).

According to a recent report by the Ho Chi Minh City Real Estate Association (HoREA), the real estate market has bottomed out by the end of this year. The market's "overcoming difficulties" rate in the third quarter reached 43.2% compared to the beginning of the year.

HoREA forecasts that although there are still many difficulties, the market is expected to be "brighter" in the coming time before entering the recovery process, expected to take place in the second half of 2024.

According to Dan Tri reporters, the real estate market at the end of the year is witnessing a strong wave of demand stimulus from many real estate businesses with projects for sale. In addition to suitable prices, buyers also enjoy preferential interest rates, extended payments and high discounts.

The market is in a safe period for buyers

Commenting on the market in the last months of the year, Mr. Vo Hong Thang - Market Director of DKRA Group - said that many investors are applying more aggressively sales policies, gifts, and flexible payment discounts to increase access to potential customers. This is an opportunity for those with cash who want to own a property with reasonable prices and complete legal procedures.

Sharing about the real estate market at the end of the year, Mr. Dinh Minh Tuan - Director of Batdongsan.com.vn in the Southern region - said that the market has been and is in a period of strong purification, safe for buyers.

After the crisis, the current real estate "playground" is only for projects with standard legal documents and guaranteed progress. Real estate businesses that can survive at this time must be truly financially strong, transparent in business, and in compliance with the law.

According to Mr. Tuan, projects that can be brought to buyers at this time must not only ensure 100% legality, but also have suitable prices and the most competitive payment policies to be accepted by the market. The above factors are considered the most positive "filter" for home buyers, avoiding the situation of buying "green rice" or poor quality goods.

Người mua nhà hưởng lợi gì trong thời điểm này? - 2 — According to experts, this is a good opportunity for real home buyers, when market prices are attractive (Illustration: Ha Phong).

According to real estate expert Tran Khanh Quang, the real estate market has gone through the most difficult period, from now on there will only be recovery. The government has had many solutions and policies for the market such as removing legal barriers to create more supply, and bank interest rates are currently as low as the interest rates before the Covid-19 pandemic.

According to Mr. Quang, the current market is still starting to recover, so it is still the time for investors to participate in the market with price advantages and many attractive options.

For experienced investors, the current bank interest rates can use financial leverage to buy discounted real estate in good locations. However, this is not the time to calculate short-term investments. New, non-professional investors should not rush to invest at this time.

For home buyers for real housing needs, Mr. Quang said that this is a good opportunity, when market prices are attractive and bank loan interest rates are good. However, one should not use too much financial leverage, only borrowing a maximum of 15-30% of the property value to avoid risks.

Source