Savills’ recently published market report said that the selling price of villas and townhouses in Hanoi, the report shows, the primary price of villas increased 3% quarter-on-quarter to 164 million VND/m2 of land due to supply. just joined in the first quarter of last year.
Adjacent decreased by 1% quarter-on-quarter to 192 million VND/m2 of land, while shophouse decreased by 15% quarter-on-quarter to 279 million VND/m2 of land mainly due to new supply at low prices in Thuong Tin district.
The need to find houses in alleys in Hanoi has also increased rapidly in recent times (Illustration: Ha Phong).
According to the Vietnam Association of Real Estate Brokers (VARS), in the context of limited supply, primary apartment prices in Hanoi are “high” and newly opened projects are priced in the high-end segment.
Meanwhile, secondary apartments priced around 3 billion VND, only available in districts far from the center, are also being sought after and increasingly scarce. A private house priced around 4 billion VND with an area of 30-40m2 has become an attractive choice for many families wishing to settle down.
Research data of this unit shows that prices of individual houses being traded have increased by 5-15% compared to the end of last year. Although the price increase here still has many unusual signs. But it cannot be denied that the large amount of interest and transactions is real.
The individual housing real estate market is forming a new price level as supply continues to not be able to keep up with the needs of investors and residents – especially in the current increasingly obvious urbanization trend. now.
According to Mr. Nguyen Van Dinh – Chairman of VARS – house prices in the inner city area will be difficult to decrease. People who have real housing needs should consider putting down money to buy a house if they find a product that fits their financial ability, meaning not borrowing too much.
“The history of price increases shows that, like the apartment segment, residential real estate prices in Hanoi also recorded a similar increase at the end of 2021, until mid-2022, when the market is difficult, prices of this type There was a decrease but it was nothing compared to the increase, and now it continues to increase again,” Mr. Dinh cited.
Also according to this expert, besides small individual houses, apartment buildings in alleys are also “hot” again as the number of people renting and looking to buy mini apartments gradually recovers. However, houses in this narrow alley are causing urban overload, infrastructure and utilities, along with many risks related to fire and explosion.
