3 REASONS FOR PROPERTY PRICE CONTINUING TO INCREASE IN 2017

In 2016, real estate prices in Ha Noi and Ho Chi Minh City are continuously increasing which is expected to be rising sharply in 2017. There are three reasons for why real estate price will continue to increase in 2017.

 

 
Dleroi Soleil Project
 
Dleroi Soleil Project
Firstly: The last two years, apartments have stirred up the markets in Ho Chi Minh City and Hanoi. They are divided into 2015 segment (for high-end apartments), 2016 segment (for mid-end apartments) and 2017 (likely  low-end apartments). The rise of apartment projects has contributed to the improvement of the city’s image increasing significantly the density of population in the area. This is the factor that increases the price of real estate of these new residential areas. Property prices of new apartment buildings may rise more than 20% per year.
 
Dreamland tay ho project
 
Dreamland Tay Ho project
Secondly: Real estate giants in HCM City and Hanoi are speeding up their hunting and acquisition of land funds in various forms to prepare for new product development plans. The race for land hunting of these "giants"  has increased sharply land prices in 2016. And there is no sign of stopping in 2017.
Thirdly: The need to change the trend of investment is very great. The investment in mid-end condominiums has been gaining prestige for 3 years and is showing signs of saturation. Therefore, the real estate investors will move to villa and land investment. Therefore, the real estate investors will move to villa and land development. This move will be an important factor driving the price of real estate up when many "hunters" appear in the same area.
 
Sunshine Riverside Tay Ho
 
Dreamland tay ho project
These reasons are also the latest updates to the 2017 housing investment trend, which helps investors make better decisions.