Real estate for sale everywhere, husband and wife quarrel because of ‘holding the land’

Husband and wife quarrel because of “holding the land” for subdivision

“Dear, these days, if anyone needs to find a plot of land, please contact me, I will give you a soft price and good luck. I missed hugging too much, now I can’t stand the bank interest anymore”, that is a familiar saying of Mr. T (38 years old, Bac Giang) with other real estate and land brokers recently.

Mr. T said that at the time of “land fever” in early 2022 in Bac Giang, he noticed that land prices increased rapidly in a short time, so he borrowed money from banks, friends and pledged many valuable properties to get money. hug land for subdivision near the industrial park.

After a while, many investors paid him an amount slightly higher than the original price of the land plot to nearly one hundred million dong, but Mr. T did not sell, decided to hold the land to wait for a higher price.

T and his wife (Bac Giang) are often at odds because of the pressure of interest from “holding the land” and waiting for their time.

However, the person who calculated it was not equal to the market, in the second quarter of 2022, the land price began to decline, making Mr. T bewildered. However, at this time, there are still people asking to buy land, it’s just that the value has decreased significantly and if they buy it, they will pay the money in stages, not in one time. However, Mr. T did not sell because he still had faith in the future of the market.

But up to now, Mr. T said his trust has been broken. Because of the increasing amount of profit, he and his wife are at odds, the family atmosphere is always in a heavy state. Therefore, Mr. T decided to sell to cut profits and cut losses on the land plot to solve the situation, with the price reduced to 30% of the original value. Even if you pay once, you will reduce up to 38%.

Unlike Mr. T, Ms. H (29 years old, Lao Cai) is making up for her rent debt. At the beginning of 2022, Ms. H rented a 5-storey house on the street in Hai Ba Trung district (Hanoi), in which the first floor she did business in nail services, the remaining floors were for rent.

Ms. H (29 years old, Lao Cai) is making up for a loan to rent a house.

At that time, the landlord required to sign the lease for 2 consecutive years and Ms. H had to pay the rent once a year. Thinking that the business would go smoothly, Ms. H put all her capital and borrowed an acquaintance to pay the rent for 1 year.

However, Ms. H’s business was not as favorable as imagined, and tenants also kept moving. Especially, after the Lunar New Year, acquaintances repeatedly urged Ms. H to return the money so that they could use the capital to do business.

Under pressure, Ms. H made an appointment with the landlord to talk, present the situation and ask to return the house 1 year before the due date. However, the landlord said that they only agreed to this when Ms. H found a new tenant for her. Therefore, for the past few days, Ms. H has been constantly posting news for subletting her house and hanging a sign in front of the shop in the hope that someone new will come to rent it out, helping her to get rid of this pressure…

Signs for sale of houses and land appear everywhere

Not only Mr. T, Ms. H but many people are also facing financial pressure related to real estate.

Surveying a number of busy streets such as Dai La, Truong Chinh, Giai Phong, Le Duan, … in Hanoi, PV encountered a lot.

Batdongsan.com.vn’s report also shows that, in the last month of 2022, the number of listings for sale real estate across the country increased by 22% over the same period in 2021. In which, the segment that recorded the most for sale was land plots, private houses, townhouses and apartments with an average growth rate of 14-32%. .

From the end of 2022 to the beginning of 2023, the wave of selling and renting houses and land also increased sharply in the market of the provinces.

In Khanh Hoa and Da Nang, the number of housing products for sale increased by 40-43%. As for Binh Duong, Binh Thuan and Lam Dong, the number of real estate listings for sale increased by an average of 15 – 22%. Long An also recorded a 54% increase in real estate listings for sale compared to the same period in 2021.

However, the demand for real estate search decreased compared to the peak periods at the beginning of the year, although the number of visits to the website to search for houses was still very large. In which, with apartments, townhouses, and villas, the number of interest still increased by 7-14% on average over the same period.

Real estate experts say that investors still pay attention to real estate, but the rate of successful closing of contracts is quite low, and decreases from 80 to 90% if compared to mid-2022…