Business

80 percent of real estate trading floors reopen

Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction (MoC).
80 percent of real estate trading floors reopen ảnh 1The real estate market has gradually picked up recently, according to the Ministry of Construction. (Photo:VNA)
Hanoi (VNA) – Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction(MoC).
The ministry’sreport on the real estate market in 2021 and the first three months of thisyear, which has been submitted to the Prime Minister, showed that real estatetrading floors have bounced back.

The reportnoted there were more than 1,600 real estate trading floors nationwide in 2020.However, due to the heavy impact of the pandemic, only 20 percent maintainedoperations.

At the endof last year, there was a revival, with 40 percent of property trading floorsreturning to work.

According tothe MoC, the real estate market has gradually picked up and the number oftransactions has been on the rise since the first quarter of this year aftermost provinces and cities returned to the “new normal”.

Notably, manyfloors have invested in facilities and training staff to professionalise the services. There has also beenan exchange of information among the floors to enhance their effectiveness.

However, theministry pointed out some real estate trading floors are perceived to colludewith each other for price gouge.

To ensure thehealthy and sustainable development of the real estate market, the MoCsuggested adopting a number of solutions, including strengthening inspections over the implementation of regulations related to real estate trading, tradingfloor operations and brokerage activities.

At the sametime, all violations related to real estate trading floor and brokerageactivities, and delivery of information that has negative impacts on the operation ofthe financial, credit and real estate markets should bestrictly dealt with./.
VNA
#real estate #Ministry of Construction #trading floors #property market #real estate trading floors #property trading floors #updated Vietnam news #Vietnamplus #Vietnam News Agency
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