4.

OVERVIEW OF FIELD RESEARCH

4.1 Overview

The real estate market is one of the important markets of the economy because it directly relates to a
huge amount of assets in terms of size, nature and multifaceted value in the national economy. . The
effective development and management of this market will contribute significantly to the process of
promoting socio-economic development, creating the ability to attract investment capital for
development, contributing practically to the sustainable urban and rural development towards the
country's industrialization and modernization.

There have been many research papers on the factors affecting the prices of the housing market. And
many research projects have made valuable contributions to this topic. Here are some documents
summarized from existing research papers.

- The core factors affecting Real Estate.

Dandautu (2018) has identified four core factors that affect the value of real estate: natural factors,
economic factors, market factors and legal factors. The group of natural factors affecting the value of
real estate basically consists of 6 elements: location, area, form, characteristics, environment and
nature. Economic factors include the ability to bring income from real estate, economic events,
economic markets. Market factors include the usefulness of real estate, the demand for real estate in
the market. And Legal factors include legal status of real estate, regulations on construction associated
with real estate.

- The Mogi newspaper adds two more important factors affecting real estate prices. The first is
political and legal factors. The change in the policy of the State and local authorities may have
impacts on the operation of the real estate market in general and the investment in real estate
in particular. Detail:

Policies that have indirect impacts such as the promotion of external investment in the locality can
increase the demand for real estate which can make the real estate price increase. Direct impact policies
such as:

o The policy allows overseas Vietnamese to buy real estate in Vietnam.

o The policy allows people without city registration to buy houses in the city.
o Financial policy applies to those who are allocated or leased land by the state ...
o Credit policy for investment in real estate
o Tax policies of the State for real estate.

The second important factor is macroeconomic factors. Includes characteristics of participants in the
real estate market in the region, the conditions of the regional real estate market, the current status of
the area (infrastructure such as roads, water supply and drainage systems, electricity and
communication systems) communication ...), the region's annual GDP growth, the annual average
income of people in the region (high, medium or low) compared to other regions, the ability to meet
credit needs. use of credit systems in the region, the number of vacant lots and plots in the region, the
average price of land in the region…

- Social factors

An area where high population density will cause demand and supply balance to be broken and property
prices will rise. On the other hand, factors such as health, education, intellectual level, security, Issues
related to feng shui theory also affect real estate.

The project is located in a residential area with a high density and the higher the residential area, the
more convenient it is in the interior as well as the ease of connecting out-of-the-box utilities that often
have high value over time and very little when slipping over time.

REFERENCES
1. '24 factors affecting the value of Real Estate '2018, Dandautu, 27 June.
2. '6 groups of factors affecting the value of real estate '2018, Mogi, 13 June.