Long term rental apartments are popular

After more than 7 years of working, he has saved 400 million VND, planning to borrow more capital to buy a house early next year. However, facing the fever of continuously increasing real estate prices, Mr. Nguyen Khanh Linh (an office worker at a pharmaceutical company in Can Tho City) has switched to preferring long-term rental apartments.

It is known that since the beginning of the year, Mr. Linh has surveyed houses with cheap prices from 1 to 1.2 billion VND in many central areas of Can Tho City, but most of them cost over 2 billion VND.

Mr. Linh said: "If we borrow from the bank, with the current interest rate, my wife and I will have to pay more than 18 million VND in principal and interest each month. Our combined income is only more than 25 million VND, and we still have to take care of our children's education and family expenses. After thinking carefully, I will find a house to rent for a long term of 5-10 years, to reduce the burden of borrowing from the bank and also to avoid the difficulty of finding a house."

According to this employee, depending on the location and area of ​​each apartment or house, the price will vary, ranging from 5 - 10 million VND/month for a household of 3 - 5 people.

Realizing the potential for high housing demand, while in the low-cost segment, Mr. Nguyen Van Trong (Ninh Kieu district, Can Tho city) decided to use the cash flow he had just recovered after selling a plot of land in the suburbs to invest in houses and apartments for rent.

"Investing in land is mainly for investors and people with stable finances, while investing in houses and apartments for rent is for a wider audience. I decided to build a mini house with a rental price of 3.5 - 5.5 million/month. Although the source of money will take a long time, it is more stable and has less risk," said Mr. Trong.

Mr. Nguyen Van Truong (real estate broker, Can Tho City) said: If there are 10 customers, 7 of them ask for housing brokerage, most of them are at low prices under 1.5 billion VND. This shows that the real housing demand of people in the city accounts for a fairly high proportion.

According to the Can Tho Real Estate Association (CaREA), thanks to the push from traffic infrastructure, real estate in the Mekong Delta region has many opportunities for development, with bright spots appearing, creating a stepping stone from the end of the year.

CaREA forecasts that in the last months of the year, demand will still be concentrated in the apartment segment with real housing needs, at suitable prices. The high-end apartment segment has become a new residential and investment trend, has been positively received, is maintained stably and can increase by 5 - 7%; land plots will also start to increase by 8 - 10% compared to the first 6 months of the year.