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HoREA Chairman Le Hoang Chau said the important legal regulations are expected to issue and the policies of the Government, the city will positively impact the real estate market in 2018. Of which, three Group of bills directly related to the real estate market is: “Draft Law amending and supplementing some articles of the Land Law”; “Draft Law amending and supplementing some articles of the Law on Housing, Law on Real Estate Business, Law on Construction, Law on Urban Planning”; “Draft Law Amending and Supplementing a Number of Articles of the Investment Law, Enterprise Law”.
According to HoREA analysis, in 2017, the real estate market has continued to recover, growth is relatively stable; The market segments and real estate products have more reasonable restructuring. In particular, affordable housing plays a key role and is highly liquid; many real estate projects have integrated many utilities, services, creating better living space following the trend of “green real estate”; Many project owners have attached great importance to building brand prestige, responsible to customers and society.
However, there are still potential problems in some market segments such as apartment segment condotel; luxury apartment with large area; Some brokerage firms have shown illegal business and many sellers are shoved by land users to sell their rampant background, creating virtual price spikes in the “unofficial” market. in some coastal districts and suburbs; The situation is complicated in many apartment projects.
In 2018, HoREA forecasts that the real estate market may continue to recover, grow, maintain stable development; segment of the housing market is affordable 1-2-bedroom apartments with the selling price of less than 01 billion per unit play a dominant role and forecast prices of housing will not be large changes; Green real estate projects, which have an environmentally friendly living space in the direction of adapting to global climate change, will be the chosen trend.
Le Thanh Chau, Chairman of HoREA noted that the real estate market in 2018 will face many challenges and difficulties in supply-demand relations. access to investment land; administrative procedures; lack of funds; First of all, it is difficult to access bank loans, as the State Bank is continuing to implement the roadmap to gradually limit credit sources into the real estate market. However, this pressure is also a driving force for BBS businesses to find appropriate solutions to overcome, rise up to sustainable development, adapt to the new business environment.
HoHEA has nine recommendations to real estate businesses in 2018 for businesses to apply to gradually reduce dependence on credit is increasingly limited. This is a challenge but also an opportunity to restructure the business, restructure the business investment capital to develop the business and the real estate market more transparent, healthy and sustainable.
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