Knowing how to save, young people can buy a house

(NLDO) - According to experts, with good support policies from banks and good products, young people can buy a house if they live frugally.

At the talk show "Buying a house in installments with salary" organized by Tuoi Tre Newspaper on August 22, Dr. Dinh The Hien, a financial and real estate expert, said that young people are worried about the limited housing supply. However, in the current context, apartments are the solution for salaried workers.

Dr. Dinh The Hien suggests that secondary apartments are a suitable choice for young people.

If a young family buys a house, it is more convenient and requires a vision of 10-15 years to own a house. If a young family's income is from 30-45 million VND/month, they can buy a mid-range house.

"You have to be determined to have a future. Young people have to live frugally in the early stages. If the bank supports a 30-year loan, and income increases later, you can pay off the house in 15 years" - Dr. Dinh The Hien said. According to him, the current price of secondary apartments has increased appropriately and young people should choose this product.

Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, suggested that businesses restructure the supply source to have more affordable housing for people.

Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, pointed out that the difficulty is the limited housing supply. According to him, in the first 6 months of 2025, the primary source in Ho Chi Minh City only had more than 3,000 apartments, while in the same period in 2017 it was 43,000. From 2021, the supply of social housing will be very limited, with completed projects mainly transferred from the previous phase.

Young people have access to two sources of housing: social housing and low-cost commercial housing. At the same time, many support mechanisms are needed, such as a loan term of 25-30 years with a stable interest rate, not preferential for the first 1-3 years and then floating. With a reasonable interest rate, it takes about 15 years to pay off the house purchase.

Mr. Chau suggested that businesses should look at and restructure the supply source to create more affordable housing for people.

To solve the supply problem, the Chairman of the Ho Chi Minh City Real Estate Association needs to continue to remove legal obstacles for housing projects, along with the business community responding to the development of social housing.

Mr. Nguyen Xuan Quang, Chairman of the Board of Directors of Nam Long Investment Joint Stock Company, said that it is necessary to synchronize policies to have affordable housing products.

Mr. Nguyen Xuan Quang, Chairman of the Board of Directors of Nam Long Investment Joint Stock Company, said that in order to have social housing and affordable housing, there must be the support of related parties, such as policies, investors, banks, etc. In particular, for investors, it is necessary to "reduce prices" right from the planning, design, material supply, construction stages, etc. and cooperate with banks to bring products to customers.

In addition, there needs to be additional support regarding land financial obligations, legal issues, construction permits, investment procedures, etc. to help reduce costs.

According to experts, with good products and good accompanying banks, young people should also change their mentality, not worry too much but be bold and determined to make the decision to build their first home, to "settle down and have a happy life".

Source: https://nld.com.vn/biet-tiet-kiem-nguoi-tre-co-the-mua-nha-196250822140520297.htm