The real estate market in 2018 has many advantages to develop but also faces many new difficulties
2018 Real Estate Market promises to be another successful year. According to many forecasts, the real estate market will revolve around four main trends. If you are a real estate investor, this investment channel will always be a safe option. So let’s see four main trends of the real estate market 2018 what?
2018 real estate market will be promising
Trends in real estate market in 2018 will definitely receive attention. Especially real estate investors. Because this investment channel affects the benefits, fluctuations are always noticed. According to the forecast, real estate market will turn around 4 main trends. Let’s see if these 4 trends are beneficial to real estate investors or not!
4 major trends in the real estate market 2018
The first trend: Focus on the popular segment
The first trend is that most land markets continue to have good consumption. That’s good in all segments. The mainstream of housing supply is the low-end, low-cost segment. Meanwhile, the high-end housing market will be limited. Especially in Hanoi because there is not enough land to develop that segment.
The Second trend: Great competition in products
Real estate market forecasts suggest that 2018 supply will be larger than 2017. The simple reason is that many projects will complete and launch real estate. However, the consumption seems not to be large, so the competition will take place. Property prices generally will not have a sudden increase. However, it may fluctuate around 5% on a yearly average.
The third trend: Continue to develop the hotel segment
Forecast real estate trends will continue to develop the form of hotel apartments. This segment has grown quite well in 2017 and forecasts for 2018 will grow stronger. However, if this type of development is massive, it will be difficult to increase prices due to the large supply.
In addition, the type of hotel suite – Condotel has been approved by the National Assembly or not is still unknown. So that also causes investors to have psychological barriers.
Hotel projects that have been built are also causing sank rental rates to decrease. As a result, the quality of accommodation services has been improved, encouraging domestic and foreign tourists to develop.
The Fourth trend: No bubbles or virtual fever
Due to the good quality control of the state, the phenomenon of bubbles or fever will not occur. State management policies will ensure that. In addition, investors are more flexible and responsive when offering products that are suitable for the market.
The market has the background to “support”
2018 real estate market continues to go up the growth. Add to that the “support” platform. Many favorable macroeconomic factors such as economic growth will increase from 6.5 to 6.7%.
The economic strategy of the government is also stable and stable, thus creating favorable conditions to help the real estate market continue to go up. Adding to that is the attraction of FDI inflows and international visitor arrivals also provide the potential and grounds for real estate growth.
Besides the advantages to push the development of real estate market 2018 to go up but still, the difficulties need to face. Therefore, it should not be subjective, but it should be considered before construction and investment.
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