Real estate credit in 2017 is rising sharply

In the first 6 months of 2017, real estate credit increased sharply, the number of real estate firms established in Ho Chi Minh City was very high. This is one of the contents reported to the HCMC Real Estate Association. Ho Chi Minh has just announced.

According to the HCM City Real Estate Association (HoREA), in the first 6 months of 2017, real estate credit grew at 6.35%. This is a very high growth, compared with the same period last year 2016, with a growth of only 5%.

Although credit growth is high, interest rates are quite stable and quite reasonable, in which the interest rates for social housing remained at 4.8%.

In the first six months, Ho Chi Minh City has mobilized about 1.8 trillion dong, up 4.5 percent from the end of 2016. Credit outstanding reached 1.6 trillion, up about 10% And credit growth rate higher than the growth rate of capital mobilization. However, real estate loans in the area are not very volatile, always account for about 10% of total outstanding loans.

Accordingly, in the first 6 months of 2017, there are 18,000 enterprises established in the area, one third of which are real estate enterprises.

There are many new real estate businesses that show that the real estate market attracts the attention of investors and social entrepreneurs.

Relating to the movement of the real estate market in the first month of 2017, HoREA said that the market is fluctuating positively. According to the proportion of affordable (mid and low) flats in Ho Chi Minh City, 68.7% of total flats were sold in the first six months.

Remarkably, while the average housing in Ho Chi Minh City tends to increase rapidly, with a 1.9 times increase over the same period in 2016, the average occupancy rate is declining. Of HoREA, many large enterprises specializing in medium-sized housing development, but in the first 6 months, these enterprises do not supply any products to the market.

Although Ho Chi Minh City’s real estate market has been on a stable trend, HoREA’s valuation still has a number of “bottlenecks” to deal with.

These “congestion” in the past, HoREA repeatedly made recommendations to remove to many levels of government. However, to date, the majority of “congestion” still exists and hinders the development of the real estate market.

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  • Ho Chi Minh city continues to strengthen its housing development program

    The HCM City People’s Committee has assigned the Department of Construction to continue organizing the program of housing development in the city in the period 2016-2020, orientation to 2025 and housing development in 2016-2020 and 2017.

  • Credit transfer to home buyers, the trend of sustainable development

    (DTCK) Credit outstanding in the real estate sector in the first five months of this year has slowed down compared to 2016. However, the good news is that credit growth is tending to shift to loan repairs. buy house.

  • Germany “overtakes” Britain becomes the most exciting real estate market in Europe

    In the end of 2016, the German real estate market surpassed the total value of € 59 billion, becoming Europe’s most active commercial real estate market.

    By the end of 2016, Germany has become a safe market in Europe due to its strong economic growth and relatively stable political and real estate market diversity. So although the investment volume fell 14% earlier this year, however, global real estate consultant Knight Frank still believes that 2017 will also be a “flourishing” year for Germany.

    So, what makes Germany “overtake” Britain to become the most exciting real estate market in Europe? Learn with Homedy right in the article below:

    In 2016, about 55% of total trading volume was spread over 7 key cities including Berlin, Hamburg, Munich, Cologne, Dusseldorf, Stuttgart and Leipzig. Especially with a midsize city like Leipzig, it can be said that last year attracted huge investment unprecedented.

    More than 60% of investment transactions in 2016 involve German investors compared to foreign investors. The evidence is in Berlin, Munich and Frankfurt, the segment of rental housing, office rent growth strongly.

    Berlin has become a popular European innovation center, meaning the number of offices has increased the most in the past three years, convincing investors with a total transaction value of 5.7 billion Euro in 2016.

    Along with the growth of Berlin, Frankfurt is in no hurry to become a city with more than 230 national and international banking institutions headquartered in 2016. Achieving the highest rental rates since the crisis Global financial year 2007 with a total area of ​​530,000m2.

    In fact, about 4.7 billion euros have been invested in commercial property in Frankfurt in 2016 and although office investment has been limited, the office sector still attracts 3.3 billion euros.

    Meanwhile, Munich is Germany’s second largest employment hub, with about 30,000 jobs created annually. Therefore, the segment of office leasing is always in high demand throughout the country. A total of 780,000 sq m of leased office space by 2016, this is considered to be one of the highest totals ever recorded. Munich became Germany’s second most prominent destination for investors, with a total value of 5.5 billion euros.


    James Roberts, Knight Frank’s economist, said: “Germany is one of the leading economies that will become the leading destination for real estate investors in Europe by 2016.” .

    On the same issue, Joachim von Radecke, head of research for the major European property markets of Knight Frank, said: “With seven key cities with distinct characteristics of occupational needs, Continue to help Germany make important differences compared to other European markets.

    Accordingly, with seven key cities and the leading advanced economy, 2017 promises to remain a vibrant year of excellence in the German market. Reach the number of transactions beyond expectations and master the leading position in Europe.

    Hope the information above will be useful to you!

    Source (Internet)

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