Real estate speculators and surfers are absent during the pandemic season 5
Experts say that the impact of the pandemic on the real estate market may be more severe from the end of 2020 onwards, causing major changes in investment and speculation behavior in the real estate market.
Mr. Doan Quoc Duyet, Director of Tin Thanh Company, assessed that there is currently no wave in the real estate market, most of the cash flow is in standby mode (immobility) which has caused surfing investors to disappear.
He said that this group of investors is strongly divided, with short-term surfers choosing to `hibernate` to wait out the epidemic season.
According to Mr. Duyet, the risks of the real estate market in the last months of 2020 will gradually increase compared to the beginning of the year and the risk level of 2020 is also higher than previous years.
The rest of the market consists of professional investors with medium capital and large capital investors whose behavior is opposite to each other.
Ho Chi Minh City real estate market.
According to Mr. Duyet, from the end of 2020 onwards, the real estate market in the suburbs of Saigon will have many opportunities to hunt for good-priced real estate when vulnerable investor groups (surfing are stranded, using excessive leverage).
Mr. Nguyen Loc Hanh, General Director of Ngoc Asia Real Estate Investment Joint Stock Company, said that observing the market over the past 8 months, most investors have a bad feeling in 2020. Many investors have lost their lives.
According to Mr. Hanh, surfing investors are losing the opportunity to improve liquidity and are forced to wait for good news from Covid-19 control to create waves, but they are likely to have to wait longer than planned.
Mr. Phan Cong Chanh, General Director of Phu Vinh Group analyzed that before the pandemic appeared, real estate investors wanted to borrow as much as possible to increase opportunities to access assets and realize quick profits.
Mr. Chanh commented that investors should be classified according to seniority.
Meanwhile, investors who enter the market after 1-3 years are groping for the bottom, but most do not make hasty decisions at this time because they are worried about getting caught wrong.
Particularly for speculators and surfing investors, according to Mr. Chanh, they are the most special category today, when real estate decelerates and suffers from negative psychological impacts, they lose track of the race, not letting go.
`As long as the epidemic continues to be complicated globally, the market may fall into a prolonged `power shutdown`. This is a sensitive period, difficult to predict the future, so the risks and challenges are huge.`
