Hanoi to build real estate price index

Construction proposals from now until 2013, Hanoi will build the price viec lam dau khi index and real estate transactions in four districts (Dong Da and Cau Giay, Thanh Xuan, Ha Dong) and two districts (Hoai Duc, Liem).> The construction price index has not caught up market31/5, Department of Civil Engineering in
collaboration with CBRE workshop building indicators of real estate market. Mr. Tran The Dung, Head of Economic Management Department of Construction said, the situation of real estate trading floor from 2011 until now were generally bleak. With over 500 real estate trading floor in Hanoi, there were 122 stops working the floor, the floor no more than 200 transactions. The underground market transactions majority, a very low rate through the floor.Price and quantity price index helps investors predict the volatility viec lam dau khi of real estate products in the future. Photo: Lan.Mr Dung said that Hanoi urban development are not synchronized, the planning criteria, technical infrastructure, social infrastructure is a big gap. Hanoi is a special kind of urban but also the mountainous areas, rural areas should be selected so that areas with similar infrastructure for building price index.As leaders of the Construction, real estate transactions mainly in Cau Giay, Thanh Xuan, Dong Da and Ha Dong ... The county also has the technical infrastructure conditions and social transactions are the same so similar nature.Therefore, the proposed Department of Construction, from now to 2013, Hanoi will build the price and quantity indices in four districts (Dong Da and Cau Giay, Thanh Xuan, Ha Dong) and two districts (Hoai Duc Liem ). Two types of products are apartments and individual houses in the housing development project will be built and the price index.Ms. camera quan sat Ngo Huong Giang, head of research management consultant CBRE said the price and quantity indices help investors predict the volatility of real estate products in the future. However, one challenge is difficult residential classification. "Although the Ministry of Construction and classification of condominiums 1, 2, 3 and 4 but did not say, in the location criteria, quality and infrastructure, what are the most important factor," Ms. Jiang said.In addition, the fact only 20% of the trading floor, it is difficult to collect information. According to Jiang, the key issue is to have standard data, the formal mechanism for the data to provide accurate information on quantities and prices of real estate transactions.According to Circular 20 of the Ministry of Construction, there are two kinds to publish price index and the number of transactions on real estate market in each locality and region. Data will be taken based on the notarized contract to transfer real estate, trading and market surveys. Ministry proposed the construction of pilot indicators of real estate market in four major cities including Hanoi, Ho Chi Minh City, Danang and Can Tho.