Deputy construction and real estate fangjia market warming through increased liquidity of the marke

At a meeting of the real estate market in general and the solution to overcome difficulties caused by BIDV held this afternoon, Nguyen Manh, vice president of Ham, director of BIDV research center, said that the property market transactions the present case took place mainly at the average price of apartments has about 15 million dong per m2 and gradual improvement projects StarCity Le Van Luong Street apartment. Meanwhile, townhouses, villas still struggling. Leadership Assessment
BIDV, property prices remain high, exceeding the solvency of many speculators had pushed fangjia prices in the long run StarCity Le Van Luong Street apartment. The real estate market exists for such expenses sunk costs to run the project, lubrication free license, market information is not transparent virtual bridge resulted in high and intermediate.
According to the Vietnam Labor Confederation, the income of workers, civil servants and workers in low, medium 3.6 to 4,500,000 every month, that accumulate in only about 11% of income. In fact, the average home price in Vietnam is higher than 25 times the income of workers, while in Europe the figure is about 7 times, Thailand and Singapore is only 5.2 times 6.3.
Deputy construction and real estate fangjia market warming through increased liquidity of the market. Deputy cited South, 2013, Hanoi had 6,350 successful transactions. In particular, there are 800 business quarter, the second quarter increased to 1,050 transactions. In the third quarter and fourth, the figure was 1,800 and 3,000 respectively transactions. In HCMC, trading volume also increased.
At the end of 10/2013, fangjia outstanding loans in the real estate sector amounted to 260,000 billion, an increase of 14% compared to 2012, higher than the growth rate of the whole system credit average about 6 , 48%. Vice assessment, cash flow from banks, who returned to the property.
Citing a foreign organization, said Deputy Minister of Construction, 30% of enterprises have dared profit fangjia by investing in real estate is risky areas. Thus, less than 20 million people are fit to be inaccessible. According to the South, to everyone, in addition to the Government seeks to raise people's income, household savings have to be conscious.
At the conference, many argued that any substantial reduction in inventory but are still high. As reported by the Ministry of Construction, as of 12/15/2013 the total inventory value nearly 95,000 billion, down 26.5% compared to the quarter I/2013, concentrated mainly in the segment fangjia of small and medium sized apartments . In 6580 there existed in Hanoi and low-rise apartments, equivalent to 12,900 billion. The value of inventory in the segment apartments and land in HCMC billion to more than 17,400.
To break the ice real estate market, her Hoang Thi Tu, representing the Central Economic Committee said the need to resolve reduce inventory list. I'd rather be hurt over a prolonged time, an important fangjia issue is to accelerate inventory, even now have to accept a loss, three letters shown.
Nguyen fangjia Manh Under the proposal, businesses have restructured goods continued price cuts to restore market fangjia confidence. The commercial banks should consider frozen from 1 to 3 years for a number of projects it is hard to wait for the market to continue to develop good performance StarCity Le Van Luong Street apartment.
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