The Best Time to Buy Real Estate in the Market

The real estate market is currently in a prime position for buyers to make a move. With interest rates continuously decreasing and a shift in investor sentiment, now is the perfect time to consider purchasing a property.

Rising Demand and Limited Supply

Towards the end of 2023 and the beginning of 2024, interest rates in banks have steadily declined. In March 2024, savings interest rates ranged from 1.7% to a maximum of 4.65% per year. This level is either equivalent to or lower than the expected inflation rate of 4-4.5% in 2024. With low interest rates diminishing the appeal of savings accounts, investors are directing their funds towards more profitable avenues such as real estate.

Even before this shift in investor sentiment, the desire to own real estate in Vietnam has always been high. A report from batdongsan.com.vn revealed that Vietnam has the highest percentage of individuals with intentions to purchase real estate in the Southeast Asia region. This tendency stems from the cultural belief of securing a place to live and establish roots, which has been ingrained for generations.

Beyond the need for a home, real estate continues to be sought after as a means of asset accumulation or improving quality of life by expanding living spaces for multi-generational families. Additionally, owning properties for rental purposes is considered a lucrative option compared to digital currency or the stock market, which may be less friendly to new investors. According to a survey by batdongsan.com.vn, the demand for rental rooms and houses increased by about 10-20% in January 2024 compared to December 2023.

While the demand for both residential and investment properties for rental purposes remains high, the supply is limited. In the past year, there have been no new real estate projects launched in Ho Chi Minh City, with businesses primarily relying on existing projects. This shortage, combined with a decrease in real estate listings by about 19% during the lunar New Year period compared to December, has created a market with increased interest from buyers. Experts believe that this is the best time to buy into the market, especially high-quality properties with favorable policies.

Accessible Homeownership through Attractive Policies

In anticipation of a new growth cycle, Vinhomes, a prominent real estate developer, introduced the program “Mua nhà sang – An tâm tài chính” (Buy a luxury home – Worry-free finance) in early 2024. This program offers a unique installment payment plan to buyers on the market.

Applicable to Vinhomes Grand Park and Vinhomes Ocean Park 1, 2, this policy allows homebuyers to enjoy a fixed interest rate for up to 15 years. During the first two years, buyers have a grace period for principal repayment and will only pay a fixed interest rate ranging from 6-7% per year, depending on whether the property is low-rise or high-rise. After this period, the interest rate will be adjusted according to the market, but it will not exceed 8-9.5% per year. Buyers only need to prepare 30% of the property value to receive the keys and move in or begin renting immediately.

This advantageous policy solves the issue of “owner-occupied” homes for many people in need. Instead of waiting for years to save up enough money, many young individuals now have the opportunity to own high-quality apartments and experience well-designed, comprehensive living spaces in leading urban areas, using a payment plan that suits their financial capabilities.

For families considering investing in additional properties as a means of accumulating wealth, they can also take advantage of this “double benefit” policy offered by the developer to optimize their cash flow. This strategy involves using the purchased property for rental purposes, generating monthly income, and providing peace of mind by avoiding periods of vacancy while waiting for property values to increase. The installment costs can then be deducted from the rental income, ensuring stable cash flow.

Experienced investors can utilize this policy as a financial leverage to invest in luxury real estate, capitalizing on market growth. Only needing to pay 30% of the property value upfront, investors can optimize their available capital by ensuring reasonable initial costs and monthly interest rates, while still having surplus funds to allocate to other channels.

The combination of a robust market recovery and unprecedented incentives from Vinhomes has provided a strong boost to the overall real estate market. This is the golden opportunity to increase wealth and stay ahead of the new growth cycle.

Seize the opportunity to own a luxury home with Vinhomes’ unbeatable “Mua nhà sang – An tâm tài chính” policy, without having to worry about interest rate fluctuations. Buyers only need to prepare 30% of the property value to own a home in Vinhomes Ocean Park 2 or a condo in The Zenpark – Vinhomes Ocean Park 1 (Hanoi), or The Beverly Vinhomes Grand Park (Ho Chi Minh City). The Vinhomes policy ensures fixed interest rates ranging from 6% to 9.5% per year, a maximum repayment period of 15 years, and the ability to move in or begin renting immediately, enjoying a comfortable lifestyle and the opportunity for financial growth in the most livable urban areas in Vietnam.

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