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Buy or lease houses with current interest rate?

CBRE Vietnam recently announced a survey on demand and the capability of buying and leasing a house of people in Hanoi and HCMC. Vietnamese people are said to prefer buying a house over leasing one as this act gives them a higher sense of independence and privacy. However, not everyone has enough financial capacity to buy a house, especially young couples with income barrier, leading to a large number of young couples having to lease their home in Hanoi and HCMC. In addition, CBRE said that the leasing prices in HCMC are higher than Hanoi, so it is better to buying a house than leasing one, if one can afford to pay in advance about 56pct of the house’s value. Meanwhile, in Hanoi, it is ideal to buy houses when the interest rate is about 11.6-13.9pct per year.

 

Source: stockbiz