Struggling to sell a piece of suburban land since the end of 2024, Mr. Nguyen Van Minh (46 years old, living in Cau Giay district, Hanoi) said that in 2020, he poured 1.5 billion VND to buy a plot of land in Thach That district but has not yet found a buyer.
Mr. Minh said that around mid-2020, he decided to buy a 60m2 plot of land in Thach Hoa commune (Thach That district) for 25 million VND/m2. When he finished the purchase, he really expected the land plot to increase in price over time, but up to now, the infrastructure and projects are still stuck.
Similarly, Ms. Nguyen Thi Ha (a long-time real estate investor in Hanoi) informed that for the past few months, her family has had to ask a broker to sell a plot of land in Thanh Oai district due to financial difficulties.
Ms. Ha shared that in early 2019, her family spent money to buy a 2 billion VND plot of land in Thanh Oai district. However, when she needed investment money, even though she had been selling for more than half a year, she still had not found a buyer.
Talking with Lao Dong, Mr. Tran Hoang (a real estate broker in Hanoi) commented that for places with convenient infrastructure and transportation, spending money to buy land to catch the investment wave can bring sustainable profits when the real estate market is flourishing.
However, when buyers are not alert and decide to buy a plot of land in a place with inconvenient transport infrastructure, they are forced to reduce prices and sell to recover capital.
Referring to this content, Dr. Tran Xuan Luong - Real Estate major (National Economics University) - said that the real estate market is in the recovery phase.
During this period, many customers participating in the market should not have a speculative mentality but should invest with a long-term vision. In addition, financial leverage should not be used, avoid investing according to trends and the crowd effect.
Before deciding to spend money, you should assess your needs, choose products that are truly suitable for your financial capacity, and focus on added value instead of price increase rate. The change in customers' investment thinking is a factor that creates changes in the real estate market towards a healthier and more positive direction in the coming time.
Real estate expert Nguyen Quoc Anh also commented that although the land segment has potential, it does not mean "whoever you buy it will win" but depends on the area and the time. In the coming period, investors need to consider carefully, before spending money, they must rely on data and analyze accurate planning information.
Experts say that there have been many investors who have " reached the peak" of land but then have difficulty selling or have to cut losses if they need money urgently. In addition, according to the survey, there are still some areas that are very quiet, with reduced real estate transactions. Therefore, if investors do not survey the market carefully, they will easily face many risks later.
