Surveys by many real estate market research units show that many real estate segments are experiencing a clear increase in interest from investors and real buyers.
According to a report by the website Batdongsan.com.vn, 72% of surveyed brokers said that the real estate market is showing more positive signs.
Many newly opened projects have quite high prices, in which in Hanoi, the average price reaches 45-90 million VND/m2.
Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn - said that the level of interest in land products in the third quarter of 2024 is expected to increase sharply by 49% compared to the same period in 2023.
Not only the numbers, the level of interest in the market is also clearly shown in reality, when recently, many investors with strong cash flow have been rushing back to hot spots.
Many investors are planning to return to potential areas, but caution remains in the air despite the easing of tensions.
Mr. Nguyen Van Tuan - a real estate investor in Hanoi - said that after many unsuccessful attempts to find opportunities to invest in land in suburban areas of Hanoi, at the end of September 2024, he decided to buy a plot of land with an area of 80m2 in Hung Yen at a price of 24 million VND/m2.
According to Mr. Tuan, after many days of "land hunting", he realized that with about 2 billion VND, it would be very difficult to find plots of land with good locations in the suburbs of Hanoi.
Meanwhile, if he goes to Hung Yen to buy land, Mr. Tuan has many options in beautiful areas, with wide roads, high potential for price increase because the land price here is still quite cheap.
However, Mr. Tuan affirmed that bringing money to the province to buy land requires long-term investment, it is very difficult to be able to surf like in big cities. Therefore, those who use financial leverage need to consider carefully when buying land in the province.
Similarly, Ms. Ha Bich Phuong (38 years old) - an investor in Hanoi - also shared that real estate prices in Hanoi are currently too high, investing requires large capital and must accept risks, making it difficult to achieve high profit margins.
Therefore, Ms. Phuong and her investment group decided to buy in localities with convenient infrastructure and transportation.
Accordingly, in early August 2024, she bought a plot of land in Ba Vi (Hanoi) at a reasonable price of more than 1 billion VND with a total area of 800 m2, including about 160 m2 of residential land.
"Although it is far from the center, land fever is unlikely to occur, investment profits are unlikely to be exceptionally high, but the total investment capital is small, only 1.2 billion VND/plot. This is definitely a good channel to keep money at this time because land prices in the localities are still cheap" - Ms. Phuong commented.
Sharing about this issue, real estate expert Nguyen The Diep - Vice President of Hanoi Real Estate Club - said that since the beginning of 2024, besides investors looking for opportunities in the suburbs of Hanoi, many people have flocked to Hung Yen, Bac Ninh provinces... to find opportunities to invest in the land segment, waiting for a new price increase.
It can be seen that the real estate market is clearly recovering, and investor confidence has gradually improved. However, according to experts, it is too early to conclude that the wait-and-see mentality has been completely lifted because investors are increasingly cautious before making decisions to spend money.
