Mr. Pham Duc Toan - General Director of EZ Property Company - said that in the real estate market, individuals, groups and organizations are appearing to buy agricultural land to anticipate changes under the Land Law 2024.
According to Mr. Toan, the Land Law 2024 has improved the mechanism and policies on agricultural land management and use in the direction of expanding the limit for receiving transfer of agricultural land use rights to no more than 15 times the local land allocation limit. direction.
In addition, the new law also expands the subjects eligible to transfer rice land use rights to economic organizations and individuals who do not directly engage in agricultural production.
This regulation is assessed to create conditions for organizations and individuals with capital and scientific and technical capacity to have the right to access land, invest in commodity agricultural production, and limit abandonment or use. Fragmented and ineffective use of agricultural land.
Also according to Mr. Toan, in the past, transferring agricultural land was very complicated due to many regulatory and legal problems, not to mention the value of transferring agricultural land was not high. Furthermore, the majority of people gave up farming to switch to working as workers. This leads to a situation of abandoned agricultural land and a lot of waste.
"Since the Land Law was amended and took effect from August 1, 2024, the problems were almost resolved, and agricultural land began to be sought after again.
Many businesses have moved to buy this type of land in localities to build farms, high-tech agricultural models or industrial models, or there are investors who buy agricultural land to wait for land clearance. Equally, compensation at high prices is very common" - Mr. Toan said.
Talking to Lao Dong Newspaper, Mr. Nguyen The Diep - Vice Chairman of Hanoi Real Estate Club - said that up to now, before there is information about planning and new policies, investors always There are calculations.
The Land Law 2024 has created a groundbreaking legal corridor for agricultural land, creating favorable conditions for people to buy for business or open large plots for high-tech agricultural cultivation.
However, some people buy for speculation and wait for opportunities, causing agricultural land prices to increase and people to benefit. But if it is not for the right purpose, it will be wasteful and pose a high risk because from planning to implementation is a long process and the project planning may be suspended for many years, investors will certainly be affected. "bury" capital.
Besides, converting agricultural land to other uses is very difficult, even impossible.
Notably, according to experts, during the recent "land fever", agricultural land prices also increased very high, people did not accept to sell cheaply. If there is a planned project, people will certainly not sell but wait for compensation. Therefore, agricultural land speculation is more risky than profitable.
