Information from real estate trading sites such as Nha Tot, Batdongsan.com.vn, nhadat123.com.vn… shows that the number of real estate listings is continuously increasing.
from the end of 2024 to present. Information from real estate trading sites such as Nha Tot, Batdongsan.com.vn, nhadat123.com.vn... shows that the number of real estate listings has continuously increased from the end of 2024 to present. In particular, individual housing transactions have recovered significantly compared to 2 years ago.
Mr. Do Linh Dan, a real estate investment consultant in Ho Chi Minh City, said that the market has been much more vibrant since the end of 2024. Although some new policies have made transactions more complicated, the demand for buying houses for living and renting has increased by at least 30% compared to last year. The average selling price has also increased by about 15% over the past year.
According to Mr. Dan, the most vibrant segment is single townhouses priced from 3 to 7 billion VND/unit thanks to stable rental cash flow. Houses in large alleys, which can be used as serviced apartments, priced from 7 to 10 billion VND still have customers, especially in areas with convenient locations. Buyers prioritize houses in good locations, suitable area, alleys that are not too deep, easy to move by motorbike or car. In particular, houses that are priced and loaned by banks are easy to successfully transact.
In 2024, the market will have many fluctuations. Around October, transactions almost froze due to problems with land prices, income tax, registration tax, etc. However, after the city removed the difficulties, liquidity improved. However, the problem of exchanging new pink books is still an obstacle. Mr. Dan said the biggest problem is the process of supplementing and updating when there are fluctuations. If the buyer or seller borrows money from the bank and the red book is updated more than 3 times, they are forced to make a new book, which is time-consuming and costly. Currently, about 70% of transactions use old books, so the measurement and information update in many places is not accurate, making it difficult for buyers to make new books.
Mr. Tran Khanh Quang, General Director of Viet An Hoa Real Estate Company, said that in 2024, the individual housing market will face many problems related to taxes, land use fees and pink books. If districts and towns resolve these issues early, the liquidity of individual houses will improve, helping the market become more vibrant. "Stable interest rates and favorable loans will be the driving force for individual real estate to attract buyers," Mr. Quang commented.
Meanwhile, brokers are concerned that when the new tax regulations come into effect, individual real estate transactions may face difficulties. Calculating taxes based on market prices or land price lists is a big problem. If calculated based on land price lists, the actual price may differ greatly, causing people to suffer. Some places such as Thu Duc City have applied tax calculation based on land price lists, but some districts require statements and explanations of purchase and sale prices, causing complications and wasting time.
Mr. Dan cited a case of real estate with feng shui errors, the actual selling price was lower than the land price list but taxes still had to be paid according to the price list, causing damage to the people.
Regarding cash flow for individual real estate transactions, 2025 is forecast to be relatively favorable. As long as there is clear legal status and complete records, banks are willing to lend at interest rates of 8%-9%. Many houses with good valuations are lent by banks up to 70%-80% of the purchase value, helping buyers feel more secure when investing.
Source: https://nld.com.vn/nha-rieng-le-giao-dich-soi-dong-196250310210919384.htm
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