The Hanoitimes - Local experts claimed that well-trained and qualified brokers will help the real estate market transparent. Realtors could be fined for avoiding trade centers Foreign realty brokerage companies target Vietnamese market Statistics from the Vietnam Association of Realtors (VARS) showed that only 10%-12% of roughly 300,000 real estate brokers in Vietnam are eligible to do the work though the number of workers in this sector is on the rise. Illustrative photo The growth rate of real estate brokerage averages 15% annually in the last three years, resulting in the rising number of brokers, the Vietnam News Agency citied VARS. However, there is a fact that brokers sometimes are the cause of land fever in many localities, causing market turmoil. Moreover, spam messages and calls from real estate agents are making problems for the job and toxically affecting truly professional brokers. As the role of brokers is to bring convenience … [Read more...] about Only 10% of real estate brokers in Vietnam eligible to work
Real estate held in ira
Seminar on real estate trend in 2019 at VIR headquarters Despite facing challenges, the real estate market in 2019 is expected to continue on an upward trend, say both experts and investors. According to the Foreign Investment Agency under the Ministry of Planning and Investment, real estate business was the second largest business sector since early 2018, with the total registered capital of $6.5 billion in 87 newly registered projects. Speaking at the seminar, Nguyen Hong Son, consulting director of Savills Hanoi, said that in 2019 demand will focus on buying houses and improving the quality of life. Therefore, most homebuyers will pose higher requirements to developers. Nguyen Hong Son, consulting director of Savill Hanoi The value of each project no longer lies in the design, but also largely depend on how developers manage and operate the buildings. Therefore, investment in improving building management is becoming indispensable and is a new area for … [Read more...] about What are the real estate trends in 2019?
Credit will continue tightening for non-manufacturers, especially the real estate market, in 2019, according to experts from the annual seminar on the Vietnamese economy held on March 12 in Ho Chi Minh City. According to the State Bank of Vietnam, in 2019, credit growth is expected to be kept at 14 per cent and investment flows into real estate and securities will continue to be controlled tightly, and interest rates will also be stable. In addition, in 2019, foreign credit will also be reduced, except for export and short-term loans. Doctor Ha Huy Tuan, deputy chairman of the National Financial Supervisory Commission (NFSC), said that the interest rate is expected to be stable for the rest of 2019, as oil prices and the USD exchange rate will not change much. Credit will be tightened in the real estate sector in 2019 Together with the stable interest rate, in 2019, the pressure on the foreign exchange is not expected to be too strong because the international and domestic … [Read more...] about Credit continues to tighten in real estate sector in 2019
The Hanoitimes - Being optimistic about Hanoi`s economic growth, experts have predicted that demand for land will be a sought-after product by investment-savvy individuals. Hanoi real estate market ends up 2018 with bright picture Mid-priced and cleared land segments are believed to be the main products of Hanoi’s real estate market in 2019, according to local experts. A project in Hanoi's outlying district of Dan Phuong. Photo: Vneconomy Vu Cuong Quyet, general director of Northern Green Land Service and Real Estate JSC, told newswire VnExpress that mid-range products priced at between VND16 million (US$683) and VND25 million (US$1,068) per square meter (sq.m) will draw homebuyers whose purpose is for living. Quyet attributed the trend to limited number of newly-marketed mid-end projects this year, adding that new supply of apartments in all segments is expected to be lower than in 2018. Therefore, the market will mainly consume inventory of the … [Read more...] about Mid-end segment, cleared land: focus of Hanoi’s real estate market in 2019
Illustrative image (Source: VNA) Hanoi (VNA) – Localities surrounding Hanoi and Ho Chi Minh City, as well as the central coastal provinces from Thanh Hoa to Binh Thuan, are stepping up investment in economic, industrial, and urban development towards the sustainable growth of the real estate market in 2019, according to General Secretary of the Vietnam Association of Realtors Nguyen Van Dinh. This year, land lots continue to be the main focus, with prices forecast to rise by 10-15 percent. According to surveys, the land lot sectors in the southern provinces of Long An, Dong Nai, Binh Duong, and Vung Tau have drawn special attraction. Insiders said that compared with the average national price, the cost of land lots in these localities are lower, but looks likely to increase in the time ahead. The price of land in the outskirts of Ho Chi Minh City is making a record high. Dinh noted that 1 billion VND (43,100 USD) is not enough to buy a land lot there anymore, adding … [Read more...] about Bright prospects for real estate market in central coastal localities