According to statistics of Batdongsan.com.vn, in the three waves of COVID-19 epidemic, the interest in the real estate market recorded a short-term decrease. However, as soon as the epidemic was under control, the interest increased by 100 – 200%. In general, in the first quarter of 2022, the amount of interest recorded a very good growth. However, entering April, the amount of interest representing demand decreased by 14% compared to the previous month.

Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, said: “Information related to tightening real estate credit as well as other policies have affected buyers’ search behavior on the internet. Some types of land are very popular and hot like land plots, which have decreased by nearly 20%. These numbers show that supply and demand in the market has been affected.Now, we work with investors. Investors and exchanges are all in a waiting state to see how the market is. That’s the reality of the market.”

A representative of Batdongsan.com.vn said that measures related to tightening credit are a good policy for the healthy development of the real estate market. However, when looking at countries around the world, they are applying two measures, one is to control taxes and loans and the other is to increase market supply.

For example, in the Singapore market, house prices increased sharply in the period 2020 – 2021, they introduced three main factors: First, they increased property tax; next is to ensure that the monthly loan repayment ratio does not exceed 50% of income; The third is the ratio of loan collateral not exceeding 80%. Simultaneously with the above three measures, the Government also increased the supply of apartments in the market, they plan to increase to 23,000 apartments in the period of 2022 – 2023.

Another example given by this position is the Korean market, the average income of people is only about 45,000 – 50,000 USD/year, but the average house price has reached millions of USD. In the past period, Korea has increased the supply of real estate in the market. In 2021, the market has about 466,000 units, this year they increase 490,000 units and in 2030 are expected to increase to 600,000 units. That is, they always balance between two factors, one is controlling policy and the other is increasing the supply of apartments. This ensures a healthy supply-demand relationship.

“I think we should also go in the above direction to make the real estate market more sustainable and long-term. According to our survey, real estate always accounts for 60% of the number of investors who say they will invest. , then stocks and gold. If we can ensure that the quantity of goods meets the demand, the supply-demand relationship will certainly be properly regulated, “he stressed.

With the Vietnamese market, according to a survey by Batdongsan.com.vn, with the current urbanization rate in Hanoi and Ho Chi Minh City, each year at least 70,000 apartments will be needed in each city. Meanwhile, in terms of transaction level, according to a report of the Vietnam Real Estate Association, there are only a few thousand transactions, so very few, not comparable to the annual demand.