Assessing the situation of `Real estate in a spiral of uncertainty`, reader Duc Nguyen expressed his opinion that the Covid-19 epidemic will cause real estate prices to return to the floor level:
`Let real estate cool down and return to the correct basic housing value. Covid 19 will flatten the growth path of real estate prices to the maximum floor level. Then those with real needs will be able to buy at the right value.`
Agreeing with the above point of view, reader Trung Anh Tran believes that real estate speculation is about to decline:
`Every industry has its life cycle, real estate has developed strongly over the past decades, now it’s time to decline. Now, a new life cycle has begun, which is technology.
Assessing the reason why real estate cooled down, reader Tien Vu said it was due to the laws of natural development, not because of Covid-19:
`That is the rule, not because of the epidemic. Whenever real estate prices suddenly increase, speculators, especially individuals, will mobilize all resources to invest until they push prices up many times over.
>> Should I invest tens of billions in real estate or save it for interest?
Emphasizing that the wave of price reductions will come in a short time, reader Nguyen thuan predicts the future of real estate:
`If the economy stagnates and foreign investment decreases, how can infrastructure develop? Urbanization is slowing down, real estate investment at this time is not profitable, even buying but not being able to sell
Meanwhile, reader Phuong Minh Hoang believes that real estate freezing is only cyclical and cannot permanently decline:
`When the population no longer increases and people no longer need to live in real estate, then real estate will completely decline. For those who still need housing, the freezing of real estate is just cyclical and
>> What is your opinion?
‘The economy is out of balance because of money flowing into real estate’
The beginning of a real estate freezing cycle?