The large number of focus groups and corporations in neuro-scientific real estate ( RE ) also contributed to the fluctuation of housing prices . Companies for rent property in Hanoi will also be springing up as well as markets are more severe .
It really is notable projects inside the market development with the Ministry of Construction has completed . Accordingly, the housing market inside our country in regards to 7-8 year period of fever reappeared in price and trading volume . E.g., in 1993, 2000 , 2007 major changes occurred in some big cities , come from many causes .
Seven years appeared a round housing fever
Cause significant and most notable will be the investment in the project spread , while licensing development projects for the local level in line with the deficit of market demand . This makes the market industry grow disproportionately .
Besides profits from the real estate property business has high false signals for the needs and affordability with the market really . Lack of information causes market prices click , " make virtual price " of speculators .
Meanwhile , the organization business style " found favor prior to the next unforeseen harm " was rushed into real estate investment opportunities and development , including businesses would not have the feeling and financial capability .
Real-estate speculation has become rampant producing the advance of virtual supply in the marketplace , making housing prices failed to reflect its actual value . Many individuals own more property , greater they have got strong demand and speculative clientele to push prices up .
Another reason but essential may be the management of State corporations , corporations aren't tight . This problem occurs concentrated lot to tens of thousands of left- billion investment industry , most investment within the real estate property sector , contributing to fluctuations in solid estate prices .
However , the concentration of heavy investment in high-end segment, not time according to market requirements have ended in a pointy decline within this market segment . Meanwhile, the housing segment ideal for many low-income individuals are not interested .
Source: hanoiflat.com
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