Struggling to sell a plot of land on the outskirts of the city from the end of 2023, Mr. Le Van Tho (living in Nam Tu Liem district, Hanoi) shared that he was regretting that in 2019 he hastily poured in 1.5 billion VND. Buy a plot of land in Hoa Lac.
Mr. Tho said that around mid-2019, he decided to buy a 60m2 piece of land in Thach That district (Hanoi) for 25 million VND/m2. When he completed the purchase, he had high hopes that the land plot would increase in price over time when the infrastructure system and planning projects were completed, and many businesses flocked to the satellite urban area.
"Because I need money to do business, I am selling the above plot of land. However, even though I have put it up for sale since the end of 2023 and am willing to reduce the price by 20%, up to now, I have not found a buyer because of the planning of the land. Projects and infrastructure are still at a standstill" - Mr. Tho said.
Similarly, Ms. Do Thi Phuong (living in Thanh Xuan district, Hanoi) shared that in recent months, her family has had to ask a broker to sell a plot of land in My Duc district due to financial difficulties.
Ms. Phuong further shared that in early 2020, her family spent 3 billion VND on land on the edge of Quan Son lake area (My Duc district) to build a resort and homestay.
However, because the number of guests staying was too low and did not meet expectations, even though she offered to sell to cut losses, she still has not found a buyer.
Talking to Lao Dong, Mr. Tran Hoang (real estate broker in Hanoi) commented that for places with convenient infrastructure and transportation, pouring money to buy land to catch the investment wave can bring sustainable profits. stable when the real estate market prospers.
However, when the buyer is not alert and decides to buy a plot of land in a place with planning, suspended projects, or inconvenient transportation infrastructure, they are forced to reduce the price and put it up for sale to recover capital.
Notably, a recent consumer psychology report by specialized website Batdongsan.com.vn showed that, out of 1,000 survey participants, up to 65% said they would continue to buy real estate in 2024. .
Among this 65%, about 1/3 of people are interested in the land segment. Next is the private house segment, townhouses with 26%, apartments 24%, townhouses 9%, villas 6%.
Also on this issue, Dr. Tran Xuan Luong - Real Estate major (National Economics University) - said that the real estate market is in the recovery phase, if customers have used financial leverage. Buying land is more difficult than ever.
Mr. Luong recommended that during this period, many customers participating in the market should not keep a speculative mentality but should invest with a long-term vision. Besides, you should not use financial leverage, avoid investing according to trends and crowd effects.
Before deciding to spend money, you should evaluate your needs, choose a product that truly fits your financial ability, and focus on added value instead of price increase rate. Customers changing their investment thinking is the factor that creates changes in the real estate market in a healthier and more positive direction in the coming time...
