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New project
Video
news
How Does Covid-19 Affect On Real Estate Properties?
Covid-19 epidemic affects all sectors of the economy, but the property market of residential apartment still finds the optimistic direction.
The real estate business should have a new product strategy, especially green projects, residential apartments with good facilities for residents ' health in this time.
Optimistic signs
While there are many economical industries which influencing from the epidemic, the demand for commercial real estate is not heavily influenced. Residential purchasing activities based on needs and plans in order to live in the long term, not related to the epidemic.
Explanation of the mechanism of this optimistic, in the report "How does the outbreak of the Corona virus impact on property in Canada ? ", The Real Estate Investment Network – The trading foundation of more than 39,300 USD property is worthy 5.1 billion in Canada has taken Out "long-term real estate success formula". According to the growth rate of GDP is strongly influenced by the real estate market during18 month.
According to script of the Ministry of Planning and Investment, GDP of the whole country has only increased by 5.96% in this year ,decreasing more than 0.8% compared to offered goal, and it is the lowest goal in the recent seven years. Vietnam's growth is still in the top of the region and prospects, there are great support from other macro factors such as low inflation, FDI growth records, many new freedom trade agreements are concluded.
In addition,Vietnam's efforts in disease control have made a good impression in the eyes of foreign investors. In terms of long-term, if preventing and controlling disease are successful, real estate in Vietnam also has the opportunity to welcome the tourist resources as well as large investment capital from the other countries.
That shows the domestic property market still has prospects for high due to GDP growth and the trust of international investors. In this circumstance, investors are confident enough to control the assets and the financial potential, there will be a good chance to reach out to abundant supply and better price.
Opportunities for green projects
In the situation of the impacts from Covid-2019 epidemic to the real estate market are not specified .According to the top of experts, real estate of housing, have not as predicted by many industry-leading specialists, housing properties, residential apartments remain essential needs. This epidemic is an opportunity for project development units to review their own business strategy and restructure the product, in order to adapt to happened fluctuations.