– Signals of recovery at the end of 2020 are the premise for a breakthrough new development cycle of the real estate market. Many positive factors have emerged. To predict land prices in 2021 brilliant and much better growth.
Which market will lead the cash flow?
– Quang Binh is no coincidence as a point of land contention in feudal Vietnamese history. It is also home to many resources to support real estate development. Besides, this land has a very developed tourism background. Besides the potential areas such as Long Thanh, Dong Nai, District 9, Thu Duc will have a strong price increase, many areas are also very noteworthy such as the Central Highlands. The Central Highlands is starting to be a trend, a new destination for tourism investment.
– Investors, if they have abundant resources, can invest in suburban areas. Next to synchronous projects on infrastructure about to operate. The coastal areas are likely to increase prices. In the suburbs, if investing golf courses and resorts. The future is likely to be even higher. And this could be an opportunity for investors in new markets in the coming time.
Land price prediction in 2021: only increase, not decrease
– Besides the shortage of new project supply. One of the main reasons pushing real estate prices comes from the huge real demand in the market. In addition, real estate is still popular as a long-term investment channel. Bring a lot of profits and safety, attract cash flow. Therefore, in the future, real estate prices will certainly set a new ground.
– Types of real estate, including the condominium segment, will continue to maintain steady growth in the amount of news posted and the level of interest in the coming year. However, while apartment prices in Hanoi are forecast to continue to move sideways and stabilize, apartment prices in Ho Chi Minh City are expected to continue to increase in 2021. Regarding the segment of private homes and homes, street frontage, interest levels and rental rates will be significantly reduced. In return, the asking price for private homes in Hanoi is forecast to grow in 2021.
What thrust for the market?
– New supply and demand in townhouses and villas is forecast to recover positively and slightly increase compared to 2020. Dong Nai can continue to lead the new supply. In Ho Chi Minh City, the East and the South still account for a large proportion of the supply of the whole city. With resort real estate, the new supply of condotels and sea villas may increase compared to 2020.
– Expectations and likelihood of success in controlling the Covid-19 epidemic. Many policy changes related to land, construction. As well as the rapid economic growth and implementation of much key urban planning will create momentum for the real estate market of Ho Chi Minh City to recover and develop, and at the same time meet the needs of the people. Make an important contribution to urban embellishment and development.
– Entering 2021, the market is forecasted to recover with a positive level depending on each specific segment. Accordingly, land plots will continue to be selected as the top investment channel.