The large quantity of focus groups and corporations in the field of real estate investment ( RE ) also contributed towards the fluctuation of housing prices . Companies for rent property in Hanoi may also be springing as well as markets are more severe .
It is notable projects inside the market development because of the Ministry of Construction has completed . Accordingly, the general housing market in our country with regards to a 7-8 year amount of fever reappeared in price and trading volume . By way of example, in 1993, 2000 , 2007 major changes took place in some big cities , originated from many causes .
Seven years appeared a round housing fever
Cause significant and many notable could be the investment within the project spread , while licensing development projects in the local level using the not enough market demand . This makes the market grow disproportionately .
Besides profits inside real estate business has high false signals towards the needs and affordability on the market really . Lack of information causes market prices click , " make virtual price " of speculators .
Meanwhile , the business business style " found favor prior to the next unforeseen harm " was rushed into owning a home and development , including businesses do not possess the ability and financial capability .
Real estate property speculation may be rampant resulting in the coming of virtual supply on the market , making housing prices would not reflect its actual value . Many people own more property , a lot more they've strong demand and speculative buyers and sellers to push prices up .
Another reason but equally important will be the management of State corporations , corporations are not tight . Cures occurs concentrated large amount to 1000s of left- billion investment industry , most investment inside the real estate investment sector , adding to fluctuations in tangible estate prices .
In contrast , the concentration of heavy investment in high-end segment, not time determined by market demand from customers have ended in a sharp decline therein market segment . Meanwhile, the housing segment well suited for a lot of low-income people are not interested .
Source: hanoiflat.com
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