The Vietnam Association of Realtors (VARS) has simply held a ceremony to announce the Real Estate Market Report Quarter II. 2022: Difficult money movement; on the identical time, launched the Technology – Communication & Market Research Department and the Investment Promotion & Advisory Board, formally implementing the motion program within the second half of 2022.
Vietnam’s financial system has handed the second half of 2022 with clear indicators of restoration after the sudden devastation brought on by the Covid-19 epidemic within the second half of 2021. GDP within the second quarter of 2022 grew by 7.72% over the identical interval final 12 months. , which is the very best second quarter development in a decade. Export turnover, disbursement of FDI, price range income, the variety of newly established and re-operated enterprises… all have constructive outcomes.
However, the dangers from the chance of inflation on a world scale after the consequences of the Covid-19 epidemic, the Russia-Ukraine struggle inflicting disruptions to the availability chain, and many others. are nonetheless current.
In a current VARS survey of members who’re lively actual property brokers, as much as 83% of respondents stated that actual property funding needs to be a device to take care of inflation. . In the difficult and unpredictable macro scenario, many of the surveyed brokers (90%) consider that condo costs will improve within the second half of this 12 months. However, solely 53% consider that actual property transactions will likely be lively within the close to future.
VARS knowledge additionally reveals that liquidity in the true property market is on a transparent downward development, particularly in comparison with the land fever interval within the second half of final 12 months and the start of this 12 months. Along with that’s the lack of provide within the phase of social housing, reasonably priced housing, which is a steady improve in home costs and has not proven indicators of stopping. The danger of inflation as soon as once more prompts the necessity to personal and retailer property, through which actual property is among the high decisions.
This is the Cash Flow interval, ready for stable funding alternatives, whereas fastidiously contemplating the encompassing macro and geopolitical variables. The simple money movement interval has actually handed, together with a prudent credit score management coverage in all areas of manufacturing and enterprise, together with actual property. Buying a house for funding, particularly when utilizing monetary leverage, needs to be thought-about. Cash movement wants to attend for actually secure alternatives sooner or later after fastidiously contemplating macro components.
“The restoration of the financial system has led to a rise in actual property demand in all segments, from residences to workplaces for lease, factories, retail actual property… Especially within the scenario of restricted provide. Tightening resulting from many causes, the rise in actual property costs within the close to future is one thing that may be taken into consideration. Buying a home to stay in throughout this “hinge” interval will take advantage of the benefits and credit score and value floor “- the VARS report emphasized.
VARS also officially launched the Department of Communication Technology and Market Research and the Investment Promotion and Advisory Board – in an effort to consolidate the organizational structure, further improve the functions and tasks of the Association in order to serve the needs of customers. Best service brokers, member businesses. Above all, fulfill the role and mission of the Association for the community, society and the sustainable development of the real estate market in Vietnam.
Mr. Truong Tri Vinh – Permanent Deputy Secretary General of VARS, Head of the Department of Communication Technology and Market Research, said that the launch of the Board is VARS’ commitment in developing new products to serve the market such as: building a set of Competitiveness Index for real estate brokerage businesses (RCI), completing the market data set, helping the real estate market operate more efficiently and transparently.
Mr. Hoang Nam – Deputy Head of Investment Advisory and Promotion Department hopes that the establishment of the Board will help VARS to support individual and institutional members in real estate business in an increasingly harsh market. . The Board will research and evaluate potentials, markets, trends and investment partners, thereby guiding and advising market members, from members to state agencies in provinces and cities.
Vietnam Real Estate Brokers Association (VARS) is the official skilled group of Real Estate Brokers, Exchanges and Enterprises in Vietnam – with the orientation to apply Real Estate brokerage specialised in actual property. have skilled requirements and ethics in accordance with the provisions of Vietnamese regulation. VARS can be a bridge between members of the true property market and the authorities, to be able to resolve and take away related authorized laws, to assist the true property market function effectively and transparently. contribute positively to the general financial improvement of the nation.