Mr. Vo Hong Thang - Director of DKRA Group Consulting and Project Development Services said that the Land Law 2024 coming into effect soon will have a certain impact on the housing market in general and the land segment in particular.
According to Mr. Vo Hong Thang, the supply of subdivided land may decrease sharply after 2025, while demand is unlikely to decrease in the long term because Vietnamese people still strongly prefer the "inch of land, inch of gold" type of real estate. The ground will go up.
Accordingly, investors tend to want to hunt and search for cheap land when the Land Law 2024 officially takes effect.
Batdongsan.com.vn website predicts that from the first quarter to the end of the third quarter of 2024, there will be a "reversing point" in the real estate market.
Also according to experts at Batdongsan.com.vn, after the 2024 Land Law takes effect, the land market will have many big changes from supply to transaction activities.
Notably, the land segment is moving in a more positive direction, reducing the situation of land fever and virtual prices, creating waves in the market. Instead, there is a new cycle with the land segment developing more stably, transparently and sustainably.
Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Real Estate Brokers (Vars) said that recently, when apartment prices suddenly increased in both the primary and secondary markets, a group of customers were motivated to change direction. to real estate. Therefore, the real estate segment has been pushed and raised by brokers to profit.
“In order to not fall into the trap of brokers, investors and land buyers with real residential needs need to carefully research the land in the area being invested in, and can even research and find real land owners. to make transactions, avoid being caught off guard," Mr. Dinh analyzed.
At the event announcing the Vietnam real estate market report for the first quarter of 2024 and market forecast for the second quarter of 2024 organized by the Vietnam Real Estate Brokers Association (Vars), Mr. Le Dinh Chung - General Director of SGO Home - information, from the beginning of 2024 until now, many investors have started the process of hunting for land in the suburbs of Hanoi, areas with strong infrastructure development and rapid urbanization. High.
However, according to Mr. Le Dinh Chung, investors still need to remain cautious, avoid being carried away by infrastructure planning information and virtual land fever in the context that the real estate market is still in the recovery phase. . In some places, there is even an unfounded increase in land prices.
