tailieunhanh - Influences upon real estate investment decisions and some recommendations

The regression function also reveals the significance of each variable to real estate investment decisions. Accordingly, these provide a solid foundation for solutions to the sustainable growth of Vietnam’s realty market. | 36 | Dương Thị Bình Minh & Nguyễn Thị Mỹ Linh Influences upon Real Estate Investment Decisions Influences upon Real Estate Investment Decisions and Some Recommendations DƯƠNG THỊ BÌNH MINH* & NGUYỄN THỊ MỸ LINH** ABSTRACT Vietnam’s real estate bubble has busted while the local market has been volatile and sensitive to socioeconomic effects (. changes in policy, fluctuations in money and gold markets, etc.). The paper tries to assess factors influencing decisions to put money in real estate either as a supplier or a consumer and then suggest some solutions to the sustainable growth of the realty market in terms of demand and supply sides. The data is collated via surveys and direct interviews with real estate investors in HCMC as from Oct. 25, 2011 to Nov. 15, 2011; and the sampling population is 215 investors. The multiple linear regression results show that real estate investment decisions are influenced by five factors: (1) the governmental policy on the realty market, (2) property tax and landuse fees, (3) national economic factors, (4) socio-cultural factors and population, and (5) impacts of related markets. The regression function also reveals the significance of each variable to real estate investment decisions. Accordingly, these provide a solid foundation for solutions to the sustainable growth of Vietnam’s realty market. Keywords: real estate, realty market, factors affecting investment decisions, investment in realty market 1. INTRODUCTION Vietnam’s realty market, as some experts put it, has a lot of potential; and the sustainable growth of the market will stimulate the national socioeconomic development. In addition, under the pressure of population growth and rapid urbanization, demands for residential and other-purpose properties have sharply risen. Therefore, it is crucial to strengthen the supply sources of the realty market and make it accessible to people in need. However, it is a fact that the realty market is facing many subjective .