Recently, information about large infrastructure projects such as Ring Road 4 or district-to-district planning is clearly impacting investor psychology.
Ms. Bui Thi Lien (in Me Tri, Nam Tu Liem district, Hanoi) said that she herself spent more than 7 billion VND to buy 2 plots of land in Me Linh district. This decision is intended to follow the Ring Road 4 project in the Capital region, but so far she has not been able to sell.
This investor said he spent money to buy the above two plots of land around the end of 2021 - at that time the Ring Road 4 project only had planning information.
"The real estate market at that time was quiet and the expectation of profit from getting ahead of the planning made me decide to invest. Now the market is warming up but I still don't want to sell, waiting for more waves to take profit." - Ms. Lien said.
Sharing with reporters, Mr. Nguyen Manh Kien, a real estate broker in Dong Anh, said that from the end of 2023 until now, the number of investors has returned to the market, especially in potential hot spots with cash resources. from 4-10 billion VND to catch the wave of increasing infrastructure planning.
“After a period of hot growth, real estate prices in Dong Anh are no longer dancing. New projects have been adapted to customer needs. However, the planning heat is still one of the factors affecting buying and selling psychology and marking the recovery of the market in this area" - Mr. Kien said.
Reality also shows that, with positive information from planning, recently, many "big players" are actively returning to the market to hunt for products with good prices.
According to Batdongsan's real estate market data for the first 6 months of 2024, the level of interest in land plots in Hanoi was recorded to increase by 75%, private houses increased by 48%, of which, the level of interest and prices increased sharply. in the suburban area.
Specifically, in the first half of 2024, land in Dong Anh, Gia Lam, Hoai Duc, Thach That, Quoc Oai districts recorded an increase in buying demand from 48% to 104%, leading to the price of land for sale in these districts. This suburban district will increase by an average of 4-24% compared to the second half of 2023.
Mr. Tran Minh Tien - Director of One Housing Center for Market Research and Customer Understanding said that, thanks to planning factors and recent land auction activities, the land market has become "exciting". again.
However, according to experts, land prices increased but not at the same time in all areas but mainly concentrated in places with directional planning or planning information. Investing in real estate following the wave of infrastructure and legal planning has a lot of potential but also contains many risks.
Notably, even with a wave of infrastructure, the real estate market in suburban areas will still find it difficult to regain the excitement it was at its peak. Because, after difficulties, the market is gradually purified, investors are more cautious, giving priority to legally "clean" land, the choice of location, infrastructure... is also more strict.
Investors need to pay attention to four factors, including planning information, the area's price increase potential, the presence of large investors and market developments in previous years. In particular, it is necessary to avoid the broker's "drawing cake".
