Real Estate Is The Best Potential Investment In Covid-19

Price is not falling, market demand is down due to disease

Not only short in supply shortage for the market in Quarter 1 – 2020 is lower than the same period last year, but the demand for real estate search is also recorded at the lowest according to the statistics of Google trend. Batdongsan.com.vn has just published the results of the survey of the real estate market on online channels, which showed that the speed of searching and e-commerce platforms recently underperformed.

The landscape of ZEITGEIST mega-city with 349 hectares

In HCM City, the offered properties have a decreasing interest of 10% – 30% in apartments and land plots, respectively. In particular, real estate categories such as apartments and townhouses also cooled from 18% – 35% compared to 2019.

Although the market interest and demand are getting gather decrease. However, real estate prices do not tend to fall deeply. Even some projects that suffice for investors is will be rising.

In the problem-solving activity report just sent to the National Assembly and the National Assembly Deputies, the Ministry of Construction forecasts that the real estate market will confront many difficulties but the market does not fluctuate in prices in 2020.

In HCM City, the price of apartments increased by 3.5%, of which luxury apartments grow by 2.75%, mid-end apartments are 3.72% and affordable apartments are 3.78%, compared to the same period last year.

According to the Ministry of Construction. Land prices in some localities are rising. They stated that, although the structure of real estate, projects have been adjusted in a positive direction in Hano and HCM city. But it is still not consistent with the market demand. There is a paradox of high-end products with a large area, high price, lack of affordable apartments suitable for the needs of the most urban population still exists.

The real estate market will be recovered after the Covid-19

From the beginning of the year until now, the real estate market has a quiet decline in many aspects, However, the investor’s demand survey shows that, compared to other investment channels, real estate is still a potential investment channel. This is one of the factors to forecast the real estate market. Production may soon recover after the epidemic is under control.

Bird view of phase 1.1 zeit River County 1

Experts also pointed out that the difficulties caused by the epidemic can help investors to more objectively view the capacity and true value of the project. At the same time, real estate investment in this time may be a smart strategy because customers can take advantage of many preferential policies to support buyers during the epidemic season from developers and banks….

Quality of products, financial potential, stimulus policies of investors… is golden benefits in real estate investment between this Covid-19 pandemic.