A collection of small actual property flooring closed, the land stork turned to insurance coverage

Illustration. Supply: Web.

70% of brokerage companies are having a tough time“, Mr. Pham Lam – Basic Director of DKRA Vietnam – shared.

Covid-19, particularly the 4th wave of epidemics, has severely affected the financial system on the whole and the true property trade particularly.

Sharing a survey by DKRA Vietnam, Mr. Lam mentioned actual property brokerage companies needed to minimize employees, cut back income, and lots of companies mentioned that they had stopped working.

50% of surveyed enterprises have income lower than 10% in comparison with regular operation time. “It is a very excessive danger group for inactivity“, Mr. Lam mentioned on the occasion “Actual property buying and selling flooring and brokers overcome difficulties as a result of affect of Covid-19“. Steady income group accounts for less than 10%.

Brokers are the bridge between buyers and residential patrons, however in July and August 2021, CBRE mentioned that there was nearly no sale occasion happening in each large cities of Hanoi and Ho Chi Minh Metropolis.

We all know there are exchanges on a small scale which have closed in massive numbers“, Ms. Duong Thuy Dung – Senior Director of CBRE Vietnam – shared on VTV24.

“Along with closing, they are going to preserve operations to a minimal equivalent to shedding brokers, sustaining simply sufficient numbers to keep up connections with prospects. We all know there are circumstances the place it’s not. actual property brokers, that are very troublesome in the mean time, swap to insurance coverage brokers, or different merchandise.”

Whereas it’s troublesome for buyers to promote items, brokerage firms, even when they cease working, nonetheless must pay the prices of premises, services, financial institution mortgage curiosity, employees salaries, and so forth. whereas it’s troublesome to gather money owed. , commissions from buyers – that are additionally dealing with difficulties through the epidemic season.

Hopefully by the tip of 2021, medium to massive companies can nonetheless maintain out. As a result of most of those companies are nonetheless searching for on-line know-how options to help brokerage employees within the means of working with prospects. And patrons are additionally step by step adapting to on-line know-how options“, mentioned Mrs. Dung.

Nevertheless, that is nonetheless a troublesome drawback when the pandemic lasts. In addition to know-how, the house shopping for course of at the moment requires notarization of paperwork and banking procedures, that are troublesome to do within the context of social distancing.

Bao Bao

By Enterprise and Advertising and marketing

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