7 decades appeared a rounded property nausea

The massive quantity of focus groups and corporations in the field of real estate ( RE ) also contributed on the fluctuation of housing prices . Companies for rental property in Hanoi can also be springing up as well as markets be a little more severe .
The larger number of focus groups and corporations in the field of real-estate ( RE ) also contributed to the fluctuation of housing prices . Companies rented property in Hanoi may also be springing as well as markets be a little more severe .

It really is notable projects in the market development because of the Ministry of Construction has completed . Accordingly, the overall real estate market in our country in regards to a 7-8 year period of fever reappeared in price and trading volume . As an example, in 1993, 2000 , 2007 major changes occurred in some big cities , originate from many causes .


Seven years appeared a round housing fever

Cause significant and many notable may be the investment inside the project spread , while licensing development projects for the local level in line with the deficiency of market demand . This will make the marketplace grow disproportionately .

Besides profits within the real estate business has high false signals on the needs and affordability of the market really . Not enough information causes market prices click , " make virtual price " of speculators .

Meanwhile , the business business style " found favor before 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 continues to be rampant resulting in the advance of virtual supply available on the market , making housing prices failed to reflect its actual value . Many people own more property , greater they have strong demand and speculative clientele to push prices up .

The third reason but essential is the management of State corporations , corporations usually are not tight . This problem occurs concentrated great amount to thousands of left- billion investment industry , most investment inside real estate investment sector , causing fluctuations in solid estate prices .

On the other hand , the power of heavy investment in high-end segment, not time according to market needs have generated a clear , crisp decline in this particular market segment . Meanwhile, the housing segment ideal for nearly all low-income people are not interested .

Source: hanoiflat.com