Many people predict that real estate (real estate) in the context of the epidemic will have certain trends, whether the expectation on the recovery of the real estate market in 2021-2022 will come true when taking momentum from end of 2020.

Is the market better in the fourth quarter than in the third quarter?

The real estate market is in the last quarter of the year (quarter 4/2020), many people said that the real estate market is warming in both supply and transaction compared to Q2 and Q3 has passed. However, there is nothing to be sure that the real estate market will be active again as it has not yet been translated. Because real estate is a valuable commodity, its recovery will take longer than other items. Not to mention, right at this moment, the Covid-19 translation has not completely disappeared, so the recovery of the economy in general, real estate in particular is definitely not possible in “an early, one way”.

However, there is a fact that is happening right now, real estate has shown more positive signs than a few months ago. Real estate businesses have “suffered” the sale of goods after a long time of compression, buyers also began to move back to the market to explore prices …

There are forecasts that the real estate market in the fourth quarter will gradually warm up to the first quarters of next year. According to DKRA Vietnam, normally, the end of the year is the time when the real estate market takes place with active activities, both in terms of supply and consumption.

In 2020, there are many changes and the real estate market strongly declines, but it is forecasted that the fourth quarter of 2020 will see many positive changes. Specifically, the new supply and sales volume of the apartment segment will likely increase compared to the third quarter of 2020. It is estimated that in the fourth quarter of 2020, about 7,000 apartments will be offered to the market. Accordingly, the picture of the primary market at the end of 2020 is gradually brighter.

According to this unit, the overall demand of the whole market tended to increase when normal economic activities returned with positive growth signs. In which, Grade A continued to account for a large proportion of newly launched supply. The market continues to be short of supply of Grade C apartments, even without.

Meanwhile, the new supply of townhouses / villas is likely to increase compared to the third quarter, ranging from 800-1,000 units. The East continues to be the market leader in terms of supply for this segment. Market demand may increase slightly, but it is difficult to have a sudden increase in the short term.

Also more optimistic about the year-end market, CBRE Vietnam representative said that the supply for sale is expected to improve gradually in Q4 / 2020 and reach about 15,000 units for the whole year, down 43% compared to 2019. Mid-end and high-end products are accounting for a high proportion with a small amount of supply from the luxury segment.

Real estate market in fourth quarter of 2020 is forecasted to be brighter than previous quarters. Photo: Ha Vy

Also forecasting about the Vietnamese real estate market in the fourth quarter of 2020, the Vietnam Real Estate Brokerage Association said that the source of goods in real estate projects deployed by businesses, continues to have no changes, scarcity of stock New in major cities is still taking place. In other localities, the source of goods to the market mainly lies in previously implemented projects. The newly approved projects will be deployed more, after the localities stabilize their organizational structure after the Congress. Many land auction projects will be deployed in localities to create budgets to ensure development investment for the new term.

In addition, the transaction volume and the percentage of goods consumption in the fourth quarter according to the Vietnam Real Estate Brokerage Association will increase compared to the third quarter of 2020. While most national markets have no price fluctuations.

At the end of the year, the pressure to increase the investment demand so that money use efficiency increases instead of being in the bank for a long time with low interest rates. The phenomenon of land hunting among people in areas where information is rumored will tend to increase. This inadvertently created many unregulated, informal trading markets. Especially creating price bubbles and virtual markets. Accordingly, according to the Vietnam Real Estate Brokerage Association, localities should pay special attention, not for small benefits that cause significant consequences.

According to this unit, the wave of investment and shopping at the end of the year can positively affect the real estate market nationwide. The localities, especially the investors, the Real Estate Exchange should have a timely policy to attract and exploit effectively in the end of this year.

According to the representative of Phu Dong Group, the liquidity of the real estate market from now to the end of the year will certainly not be equal to the previous years. This year has been affected by many diseases and natural disasters, so investors are also wary of not expending their investment money as at the end of the year in previous years.

However, those who want to buy instant houses, they still buy because they think there is an opportunity to buy a “cheap” house. Typically, some projects with available houses in the city still transfer stably in Covid-19 translation context.

Source: cafef.vn