Residential land in Nghe An has a maximum price of 51 million VND per square meter.

Nghe An province has agreed to build a land price list for 2015 in the province. Accordingly, in Vinh city (type I urban area), residential land has a maximum price of 51 million VND/m2, minimum is 320,000 VND/m2.

In Cua Lo town (type III urban area), residential land has a maximum price of 13 million VND/m2 and a minimum of 500,000 VND/m2. In other districts and towns in the province, residential land has a maximum price of 10 million VND/m2 and a minimum of 30,000 VND/m2.

The land price list issued by Nghe An province is used as the basis for calculating land use fees when the state recognizes the land use rights of households and individuals for the area within the limit.

In addition, the price list also serves as a basis for changing the purpose of use from agricultural land, non-agricultural land that is not residential land to residential land for the area within the land allocation limit for households and individuals.

The price list is also used to calculate land use tax; calculate fees and charges in land management and use. In addition, the construction of the above price list also helps to calculate fines for administrative violations in the land sector; calculate compensation to the state for damage caused in land management and use...

According to some real estate businesses and real estate brokers, in Nghe An, the actual land price on the market is higher than the price issued by the state, especially in locations expected to have high profit value.

Currently, in Vinh city, although the real estate market is sluggish, real estate prices still show no signs of decreasing. Beautiful plots of land, even if not located in wards, centers or important roads, prices range from 12 million VND/m2 or more.

In Nghe An today, the demand for buying real estate is very high, mainly among officials, civil servants, and employees. However, due to high prices, exceeding people's income, many people, even though they have real needs, still have difficulty buying real estate to live in.

Nghe An province has issued many policies to remove difficulties for the real estate market, including creating conditions for low-income people to borrow capital to buy real estate.

However, the implementation of these policies is facing many difficulties; the number of beneficiaries of these policies is still small.

According to Vietnam+