Many real estate properties in the north have been offered for sale despite predictions that the market would stay cool until early next year.
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| A view of Linh Dam Residential Area in Ha Noi. The price of many real estate properties in the north has decreased. — VNA/VNS Photo Bui Tuong |
HA NOI —
Since September, villas have been offered in Hoa Binh Province, Dong Chanh 3 resort, Suoi Son urban area and Ba Vi District.
Le Xuan Truong, director of BDS Real Estate, said many investors decided to sell because they needed capital for other projects.
However, Truong said most investors must provide quality homes and offer them at reduced prices if they wanted to sell.
Vu Cuong Quyet, general director of the Northern Dat Xanh Joint Stock Company, who owns the Suoi Son urban project, said after two weeks on the market, 150 buyers had contacted him.
And CBRE Viet Nam said that in the third quarter, 1,700 apartments were offered on the Ha Noi market, proving that the property sector still had life. The company expects trading to be hotter in the lead up to Tet (lunar New Year).
Meanwhile, Tran Nhu Trung, research manager with Savills Viet Nam, said the property market was tied to the macro-economy. He added that there were some good signals on monetary policy, but they were not sufficient to boost sales.
The macro-economic situation showed that FDI for property had fallen to the lowest rate in five years. Securities were not attracting investors and gold had many fluctuations in September. — VNS