您的位置:主页 > Tổng quan công ty >

Real estate market has lowest transaction volume in Q1: VARS

HÀ NỘI – The domestic real estate market in the first quarter had the lowest transaction volume in the past four years due to the impact of the COVID- 一 九 pandemic, Việt Nam Association of Real Estate Brokers (VARS) said.

Nguyễn Văn Đính, Vice President of VARS told VietnamPlus that the reasons for that situation included strong reduction in new supply last year, a long Tết holiday and the novel coronavirus (COVID- 一 九) pandemic.

“The number of transactions only accounted for about  一0 per cent of total offered property products in the first quarter, too low compared to the same period of last year,” Đính said.

However, the price of apartments and low-rise houses in the quarter did not decrease against the fourth quarter of  二0 一 九. Now, there are no businesses announcing discounts for those products, he said.

According to the quarterly real estate market report released by VARS early this week, in the first quarter, property enterprises nationwide offered a total of  五 三, 二00 units in housing projects, while the successful housing transactions reached more than  七, 六00 units. The absorption rate of this housing segment was  一 四. 三 per cent.

Of which, the total new supply was nearly  一 八, 七00 housing units, including more than  八, 三 五0 apartments and more than  一0, 三00 low-rise houses. The successful transactions for the new supply reached more than  二, 七 五0 housing units.

Meanwhile, the inventory was more than  三 四, 五 五0 products, including  四, 八 七 二 products traded successfully.

The luxury apartment segment had the largest inventory, the association said.

According to the Hà Nội Department of Construction, about  八, 九00 apartments were offered in the Hà Nội market in the first quarter, including  一, 一 六 七 newly-launched products. The market had only  一, 三00 successful apartment transactions.

The HCM City Department of Construction said more than  八, 四00 apartments were offered on the city market in the first quarter, including  四, 六 六 四 newly-launched products. The market had  一, 四00 successful apartment transactions.

VARS reported that in the property market in other localities, transactions were mainly landed property. Before the Lunar New Year festival, these products still attracted many customers and small investors but now, due to the pandemic, the transactions of those products was very quiet.

Besides that, the pandemic made large investors and trading floors suspend trading activities of their products because customers do not want to come to crowded places. About  五0 per cent of total real estate trading floors must close and many property brokers are unemployed.

For the resort segment, the market had few newly-launched products while some products of the inventory were traded successfully in the first quarter.

The association also reported in this quarter, there was a virtual land fever in Thạch Thất District, Hà Nội and Bà Rịa-Vũng Tàu Province.

Đính said in the second quarter this year, the domestic property market would remain stagnant like in the first quarter, especially the resort segment.

The Hà Nội and HCM City markets are expected to have traded apartments in the second quarter but the volume would be low and mainly in the affordable and mid-grade segments due to high demand, he said.

Those two large markets are predicted to have not many newly-launched apartments so property products that are traded on the markets would mainly be inventory goods.

VARS also forecasts that the land and landed property will remain the dominant product in many provinces and cities, excluding Hà Nội and HCM City. However, transactions are likely to decline sharply over the same period of last year.

Prices of affordable and mid-end apartments in urban areas are expected to not increase because of low demand during the pandemic and high inventory, according to the association.

Meanwhile, price of high-end apartments may fall because capital pressure would force investors to reduce the price. - VNS