“Currently, many people have withdrawn their savings from banks to invest in real estate…waiting for prices to increase and then sell.”

At the discussion with the topic “Cash-Home Real Estate: Apartment segment leading the Hanoi market in 2024” recently, Dr. Vu Dinh Anh – Financial expert shared, up to now we often use real estate only for living, so it will not create cash flow. Currently, the investment channel chosen by many people is real estate rental, especially for foreigners to rent at high prices and then rent somewhere else to live.

For the concept of cash flow housing, there must first be someone who owns it, does not use it, but exploits it by renting it out, creating a source of income.

“The reality in the real estate market shows that currently many people have withdrawn their savings from banks to invest in real estate, waiting for the price to increase and selling, in a short period of time called speculation, some people wait a long time to invest. Whether investing or speculating, the most important thing we care about is liquidity,” Mr. Anh said.

The second form that needs to be developed is real estate ownership and rental. The rental and subleasing segment, regardless of liquidity, creates continuous cash flow, and the larger the cash flow, the better.

Sharing at the discussion, Dr. Tran Xuan Luong – Deputy Director of the Vietnam Real Estate Market Research and Evaluation Institute also said that up to now, there are only about 15 types of apartments used mainly for living purposes. % is for business and rental. We have to stand from an investment perspective to recognize that in foreign countries, this type of apartment for rent is very popular to generate cash flow.

“The question is, why has this type of apartment recently increased in price to the highest level in the past 20 years? That proves that buyer behavior has changed,” Mr. Luong said.

This person said that, currently, we need an apartment to live and do business to generate cash flow. For smart investors, it is easy to calculate how much money spent on rent will create cash flow. Along with that, the apartment ownership period has changed according to the Housing Law 2023, which will benefit home buyers.

“We can see that the behavior of consumers and home buyers has changed. In the past, people were often afraid of apartments, for many reasons such as: Legality, red books or fire prevention issues… But nowadays, consumer culture is also changing, because of the convenience and convenient location of apartments. This is a new segment, falling at the right time, especially people’s behavior Buying a house has changed so this segment has become attractive,” Mr. Luong said.

Also at the discussion, Mr. Truong Cong Hoai Nhon – CEO of Taisei Vietnam Asset Management Co., Ltd. said that the current apartment management and operation market in Vietnam is very vibrant.

“Currently, investor psychology is that when they have money, they will invest in buying a house. When they have a house, they will buy more houses to invest in, to increase the value of their assets. There are many opportunities and competition. , but not everywhere residents can enjoy a good life, a green life as previously committed, so many people do not want to own an apartment,” Mr. Nhon said.

Commenting on the real estate market in the first quarter of 2024, Mr. Nguyen Van Dinh – Vice Chairman of the Vietnam Real Estate Association, Chairman of the Vietnam Real Estate Brokers Association said: “At the end of the first quarter of 2024, the market will The market is getting better. Price transactions have continued to grow by an average of 5%, products priced at 3 billion VND or less are sought after by many people.

The products that people are most interested in are apartments and land; Prices and transaction levels in densely populated areas and industrial parks increased sharply by about 20%.

Mr. Dinh said that recently, there were 8,000 apartments opened for sale nationwide, with 3,000 apartments for sale in Hanoi alone. The apartment index in Hanoi market increased sharply by about 48% compared to the first quarter of 2019, in Ho Chi Minh City increased by 21% compared to 2019. This is truly a prosperity and more exciting growth of the real estate market. movables.