The demand for accommodation decreased, the rental housing market was miserable

The demand for accommodation and rental housing in recent months has plummeted, making the rental housing market difficult...

 

The demand for rooms and houses to rent in the Covid-19 season has dropped sharply

In previous years, the demand for housing for rent in the country was very large. According to statistics from the Ministry of Construction, before the impact of the Covid-19 epidemic, rental housing was the segment that provided a huge housing fund for urban residents with nearly 60% of workers being immigrants. It is estimated that the proportion of migrants who need to find accommodation and rent houses in the Red River Delta is about 50.7%, the Southeast is about 77.2%; of which, in general, in big cities, it is over 60%.

To maintain and develop, they can only spend a very small amount of money each month on housing purposes, so taking advantage of the rental housing fund is inevitable. In addition, Vietnam is also a country that attracts a large number of experts, workers, and foreign tourists to work and visit needing to rent housing. Therefore, rental housing is always considered an ideal form of investment, bringing high and stable returns to investors. 

For that reason, there are many individuals and households in big cities with land that have invested in building houses and rooms for students, foreign workers, and workers. For people with better financial resources, also choose to buy luxury apartments to rent to foreigners. 

However, during the important time under the impact of the Covid-19 epidemic, many foreigners have not been able to return to Vietnam; while domestic workers and students return to their hometown or cut down on rental spending. This has caused a large number of rental housing to fall into a prolonged state of depression, although many landlords have halved the rent, the situation is still not positive.

“In 2018, I invested capital to buy a few pieces of land about 40-45m2 in an alley in Phung Khoang, the cost of both land and building 5 floors was about 2 billion. Calculating through each floor about 2 self-contained rooms, the rent is from 1.5-2.8 million VND/month, each month also earns at least thirty million. When there was no epidemic, people constantly came to ask for a room to rent without fear of being empty. Yet from the time of social distancing until now, many students and workers have checked out. Even though the rent has been reduced by up to 30%, there are still many rooms available," said Do Thang, the landlord.

The landlord shares the burden with the person looking for a room

In the context of many people leaving their residences and returning to their homeland during the stressful situation of the Covid-19 epidemic, National Assembly member Hoang Van Cuong, Member of the Finance and Budget Committee of the National Assembly, Vice-Rector of the University Recently, the national economy has proposed to waive rent so that people can rest assured to stay in their residence during the lockdown. Specifically, this delegate suggested calling and mobilizing renters to free rent during the lockdown.

In fact, up to this point, there are many landlords who also automatically reduce money to support tenants and find rooms. However, many hostel owners also honestly admit that they can reduce the rent, but if they are exempt, it is very difficult because the money to build the inn also has to borrow from the bank and pay monthly interest. Ms. Nguyen Thi Lien, the owner of a hostel in Phuoc Kien commune (HCMC), said that since the outbreak of the disease and the state of social isolation, her hostel has announced a 50% discount for tenants. inn. In addition, her family also regularly provides food and food support to tenants and finds accommodation. However, when asked if she could reduce the rent by 100%, Ms. Lien said it was very difficult.

Chairman of Ho Chi Minh City Real Estate Association, Mr. Le Hoang Chau also said that now, tenants are also under great pressure from the cost of investment in a department. In addition, they are also pressured by monthly loan interest payments, maintenance costs, and housing maintenance costs. On the other hand, recently, the Government also stipulates that house lessors must pay personal income tax, value-added tax, land rent... The landlord's discount for tenants is completely based on the spirit. Voluntary, mutual support, and mutual support. And offering 100% rent reduction is a bit extreme and very difficult.

Looking for accommodation during the Covid-19 season: Ho Chi Minh City builds job ATMs, motels 

Faced with difficulties caused by the negative impact of the Covid-19 epidemic, recently the Central Youth Union and the Central Vietnam Youth Union have directed the Youth Social Work Center to launch the program "ATM for prevention and treatment of children". community boarding house" and "Community job ATM".

This is a meaningful program to partially share the burden of people's worries and at the same time become a bridge connecting people's need to find accommodation to community inns, connecting recruitment needs. between businesses and people looking for work during the pandemic.

In addition, if you need to rent a room or an apartment, you can also refer to the website Hochiminhrental.com - the first real estate connection platform in Vietnam. With hundreds of listings for rental housing every month, those wishing to find accommodation will easily find the right space at the most reasonable price.

Don't forget to refer to more real estate knowledge, beautiful house design, and real estate for sale at Hochiminhrental today!

VA (Aggregate)

According to Hochiminhrental Blog Market