Inventory Of Real Estate Fell By Nearly 80%

In the first 11 months, real estate inventory fell to just over VND25.7 trillion. Compared to the figure of VND 102,800 billion in the first quarter of 2013, inventories fell by nearly 80%.

Recently, at the seminar on assessing opportunities and risks of real estate market in 2018, Nguyen Manh Khoi – Deputy Director of the Department of Housing and Real Estate Market Management, Ministry of Construction said that as of 20-11-2017 Inventory fell to over VND25.7 trillion. Compared with the figure of VND102.800 billion in the first quarter of 2013, inventory has dropped by nearly 80%. Compared with December 20-2016 has decreased VND5,300 billion, or more than 17%.

In the first 11 months, real estate inventory fell to just over VND 25.7 million

Observations in the real estate market in the last quarter can see the number of real estate transactions skyrocketing in many projects. In Ho Chi Minh City, the actual record also shows that the property market in 2017 is very good liquidity, exciting transactions in all segments. Open-ended projects are selling fast, there are projects “fire” only after a week open sale. There are even land strikes in the vicinity of Ho Chi Minh City.

Similarly, Nguyen Manh Ha, Vice President of Vietnam Real Estate Association, President of Real Estate Brokerage Association of Vietnam, said: In the first 10 months of the year, the real estate market developed steadily, trading volume was stable The price of real estate, especially housing has not changed much, except in some places, at some times land fever phenomenon to “welcome the planning”.

Observations in the real estate market in the last quarter can see the number of real estate transactions skyrocketing in many projects.

Among the real estate products, land and cheap housing always dominate. Many experts said that the land market will increase again because of the demand for housing in the city is still very much.

>>>Update on new information on the real estate investment in Vietnam here: Vietnam real estate investment

According to Le Hoang Chau – President of the HCMC Real Estate Association, the real estate market in HCM City will have a clear shift to the coastal area. The reason is that the land fund in the central area is not much, while the city has issued policies to tighten the license to build real estate projects in the center to promote the program of relaxation, so the business It will move to the outskirts to develop the project.

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