The massive number of focus groups and corporations in neuro-scientific real-estate ( RE ) also contributed towards the fluctuation of housing prices . Companies to book property in Hanoi are also springing as well as markets are more severe .
It truly is notable projects inside the housing market development from the Ministry of Construction has completed . Accordingly, the entire housing market in our country about a 7-8 year amount of fever reappeared in price and trading volume . As an example, in 1993, 2000 , 2007 major changes took place some big cities , result from many causes .
Seven years appeared a round housing fever
Cause significant and many notable could be the investment within the project spread , while licensing development projects with the local level good lack of market demand . This makes this market grow disproportionately .
Besides profits inside real property 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 prior to next unforeseen harm " was rushed into real estate investment opportunities and development , including businesses don't have the ability and financial capability .
Real estate speculation has been rampant resulting in the advance of virtual supply out there , making housing prices failed to reflect its actual value . Some people own more property , a lot more they've strong demand and speculative buyers and sellers to push prices up .
The 3rd reason but incredibly important would be the management of State corporations , corporations usually are not tight . Cures occurs concentrated great deal to tens of thousands of left- billion investment industry , most investment within the property sector , leading to fluctuations in solid estate prices .
Conversely , the concentration of heavy investment in high-end segment, not time dependant on market demand from customers have led to a pointy decline with this market segment . Meanwhile, the housing segment made for many low-income everyone is not interested .
Source: hanoiflat.com
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