The real estate market in 2014 will take place is still how hard question to market observers. However, there were a few cheeky comments about the market situation in the near future …
It is predicted that CBRE Vietnam highlights take place at the conference “The forecast for the property market in 2014” morning 10/1. Looking back on the market in 2013, according to CBRE’s more good news than bad news, the factors affecting the real estate as falling interest rates the lowest since 2005, the lowest inflation in 10 years, the market stock up 22%, gold prices fell 24.8%, FDI rose 32.3% disbursed VAMC 566 trillion …
However, in 2013 there are factors that adversely affect the market as 37 companies withdraw from the stock market, real estate projects 411 (6.645ha) to pause in 38 provinces, the lowest growth in retail 4 years, …
However, in 2013 the property is still seen as an attractive investment channel, with a margin of around 8 %, equal to the deposit rate. Meanwhile, the stock is still investment channels have the highest rate of return with growth of 22 %.
2013 was also a year to show the flexibility of the investors, with many business plans are in place to access real demand. In particular, is popular payment method, the number of completed real estate increased in the last year (25,000 units) apartment while handing customers only pay 30-50 % of the remaining apartments 1-3 years depending on the deferred projects, even projects just paying 10-20 %. Besides the incentives package, promotion… Communications also increase the value of crude to reduce the need to pay the apartment, …
According to CBRE, in 2014 this trend will continue. Investors will not want to miss the opportunity in 2014, thus making the terms more attractive as well as more preferential price to address inventory.
The rise of the middle class of transactions that class apartment will increase in 2014, the industry can achieve by trading volume in 2013. In 2013 inventories decreased by about 17 % compared to the same period last year. In particular, the transaction rate per population segment apartments mostly occupied about 49 %. Land transactions were CBRE expects very noticeable in 2014.
With the retail market, the presence of Starbucks, McDonald’s and the Vietnam formally allows established businesses catering 100 % foreign investment in 2015 in accordance with schedule commitments upon WTO accession will encourage international retailers understand this market in 2014.
2014 will be a boom in the supply of retail space in Hanoi, the figure rose to almost 500.000m2 bringing the total floor retail space in Hanoi, HCMC doubles. In particular, the retail floor in HCMC is just over 400.000m2 and new numbers forecast to increase in 2014 approximately 100.000m2 .
The market for leased office between Hanoi and Ho Chi Minh City the same way but there are two directions. Office rents in Class A and B Tp.HMC tend to increase slightly, while in Hanoi declined .
Hotel market increasingly more stable operation, along with source projects available on the market, predicting transactions available hotels will be more attractive than other asset classes in 2014.
