Real estate offers opportunities for long-term investors
Experts have held that the real estate sector will begin a recovery phase in 2023 with many difficulties lying ahead. However, difficult times will present opportunities for long-term investors to buy low.
Hanoi (VNA) ꦺ– Experts have held that the real estate sector will begin a recovery phase in 2023 with many difficulties lying ahead. However, difficult times will present opportunities for long-term investors to buy low.
It is expected that in the future, finding the true value of real estate properties will be the trend of choice.
Expert Dang Hung Vo said that investments in things such as landscape, infrastructure, stylish interiors, and connected spaces and services are considered the real value of a property. Such value can be up to 70% of the sale price of a house.
Troy Griffiths, Deputy Managing Director of Savills Vietnam, predicted that the global realty market in 2023 will move more slowly. High interest rates will restrain inflation around the world, meaning that the demand for real estate should tend to decrease.
The interesting point in Vietnam is that it is ahead of other markets thanks to the urbanisation rate of 47%, Griffiths said, adding that in the eyes of investors, the Southeast Asian nation still has a long way to go with the urbanisation process.
According to the company’s statistics, the industrial real estate segment will also continue to grow, with infrastructure systems across the country helping to increase the value of related projects in many localities.
Illustrative photo (Source: vtv.vn)
For individual investors, the first half of the year will be an important time for them to observe before making decisions. Given that the uncertainties of the global economy are softening, investors should not rush to go out of market, Griffiths said./.
The number of newly-established enterprises and businesses resuming operations in the real estate market saw a remarkable rise last year, said the Ministry of Construction.
Vietnam’s real estate sector last year attracted an additional 1.85 billion USD in foreign direct investment (FDI), retaining its second place among industries drawing FDI with combined investment of 4.45 billion USD, accounting for 16.1% of the total FDI poured into the country, according to the Ministry of Construction.
The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8.
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Illustrative photo (Source: VNA)
Illustrative photo (Source: vtv.vn)
