Real Estate steady growth seen from the 6 elements

The real estate market continued to maintain stable growth, the Ministry of Construction said in the report has been sent to the Economic Committee of Congress. The figures and comments here are by the end of August of this year.

The stability of the real estate market, according to the Ministry of Construction is represented by 6 elements. The first is price stability. The information proved to be a number of projects in the area near the center, with complete infrastructure, reputable investors, deployment schedule, the offer price increased slightly from 1 -5% yoy 2015.

The second factor is liquidity. According to the report, the number of successful transactions in 2015 and May 8, 2016 growth, in both the medium segment luxury apartments and apartments with an area of ​​small and medium. Hanoi has around 10,250 successful transactions, and Ho Chi Minh City has about 10,200 successful transactions, the report stated specific numbers.
 
The third factor is the structure of real estate goods housing reasonable adjustment towards real needs and real solvency of the market.

 

The report said that, so far in the whole country with 63 projects registered switch from commercial housing into social housing to build about 42 370 scale apartments. 96 projects registered structural adjustment apartments (area reduction) to suit the market demand with an initial amount of 44,700 apartments proposed adjustment of 60,000 units.
 
Inventories continue to decline for the fourth factor represents the stability of the real estate market. The figure cited is the total value of inventories to around 34 724 billion, compared to quarter 1/2013 decreased 93 824 billion (72.99%), compared to 16 165 billion reduction 12/2015 (31.77%).
 
The fifth factor is the credit in the real estate sector continues to grow higher than the credit growth of the whole system. Specifically, on 30/6, loans in the real estate business is 425 025 billion, up 8.2% compared to 31/12/2015.
 
Finally, the sixth element disbursement rate subsidy of 30,000 social housing has risen considerably billion. The total amount of loan commitments reached 35 025 billion, has disbursed 28,356 billion, as of March 8/2016. MOC evaluation, structure of participants in the real estate market has been gradually perfecting towards specialization and professionalization, contributing to the healthy development of the market and sustainable.