As reported in the province's DOC department, in the first quarter of this year, 72% of the number of real estate transactions through notarization has decreased year over year. Among them are more than 3,500 land plot transactions, 287 individual-house ones, and 8 apartment ones. The trend is also applied to the volume of the province's real estate construction permits, which is dropped by 50%. 
Moreover, the summary report points out some signs of decline in the tax and fee collected from real estate this time. Especially, tax collected from real estate and registration only reached 69% and 57% respectively compared to the first quarter of 2022. It is due to the half drop in the real estate transfer transaction records.
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As noted, the areas with a sharp decrease in transaction volume are Da Lat, Di Linh, Bao Loc, Bao Lam, Duc Trong, and Lam Ha districts. These places used to be hot spots for real estate investment in the period 2020-2021. At the time of "hot fever", some land plots were transferred to many people, and the price was inflated by 40-50% compared to the original selling price. 
Many landowners have discounted by 20-30% for capital recovery since the end of 2022. For example, a 150 square meter lot in Bao Loc City was invested VND 1.15 billion last year. However, he has been advertising for many months now for VND 850 million, cutting a loss of 26% but no buyer to be found.
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"This year there is a sharp drop in the transaction volume, about 1/3 year over year", said Ms. Tham, Director of Tam Real Investment Joint Stock Company located in Da Lat City. In a plummeting market, no transactions come off. Although investors still asked for information, they find it hard to invest. "Bao Loc or Di Linh Districts used to be perfect destinations for estate investors. And now they can not sell them even with a 30% discount".
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Following the Government issuing Resolution 33 to recover the real estate market, Lam Dong province is also handling problems related to the division of plots, especially for business purposes. 
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