Despite Covid, experienced investors are still interested in the VN real estate market

[Compass Real Estate Platform] Despite the issues generated by the Covid 19 outbreak, experienced investors continue to sink money into the real estate market of Vietnam. Most real estate professionals have indicated that following the epidemic the real estate market will revive.

They added that investors do not want to invest into the real estate industry in the midst of challenges. In the bad times, experienced investors would notice the opportunity to company while small investors wait for the recovery of the market. They claimed.

Ha Van Thien, Deputy General Director of Tran Anh Group, said investors who have properly explored chances with trustworthy property developers have discovered the prior immobilizing problem.

Like many other economic sectors, vice president of the Cen Group, Pham Thanh Hung, said the real estate industry has suffered from the pandemic and therefore, prices have fallen after a time of high prices but not dropped.

Vietnam appears like it will have three to 10 years in the real estate industry. The housing market would at that point meet fundamental demand for housing, so that they would invest in housing products to improve their quality of life. They would have good financial conditions.

Therefore, a new price level is projected to exceed that currently, he stated. Investors must increase property market investments. Only medium to long-term investors can enter the immobilial market in a new time. He noted that some initiatives have growth potential in regions with infrastructure projects, fully installed metropolitan areas, and industrial sectors.

The assessment also of immovable values will drastically increase in the medium and longer term, according to Duong Duc Hien, former head of the Sales department at Savills, Vietnam.

Although the market has varied, depending on the era, the prices of property will always increase in the long term, as the people will always increase while the land does not expand. "People still need housing and the cost of land is on the rise," he remarked.

"Many projects still have sufficient liquidity in times of severe economic circumstances," Hien told the Ministry of Culture, Sport and Tourism online daily To Quoc, Fatherland. I still encourage investors to focus exclusively on medium- or long-term investing. Sadly, Vietnamese investors still prefer to invest in short terms today, but forget about investing long-term to earn significant real estate profits."

Investors who are spending spare funds should participate in the real estate market and take on less profit than planned. Nguyen Xuan Thanh, lecturer at the Fulbight University of Vietnam stated. However, investments in the property market remain rewarding in the medium to long term.

In the short run, Nguyen Thi Hanh Huong, Dai Phuc Country CEO, noted that prices on the immobilization market sometimes slowly but would still be a good profit-profit channel in the long term.

Investment is dependent on each investor's needs and budget. She stated that they will analyze and examine very carefully, especially for investment groups, before they enter the market. The experts have stated that the challenges of this year's property market will help to purify the market for future sustainable development.

Currently, the market is opening up business chances for real-estate investors and buyers. The market’s challenge is temporary in the short term, while opportunities on this market are in the long term.

Author ៖ Samnang, Editor-in-Chief ៖ Sunnie, Editor-in-Chief / Producer ៖ Nicole

Find a property with the compass, and all overseas stations are online simultaneously ៖ Cambodia丨Laos | Myanmar | Singapore丨Philippines丨Thailand丨UAE