Hanoi house prices

Giá nhà một khu vực ở Hà Nội đắt ngang phố cổ, gần 2 tỷ đồng/m²

Nhiều tuyến phố quanh hồ Tây (Hà Nội) hiện có giá nhà đất rất cao, lên tới gần 2 tỷ đồng/m², đắt ngang ngửa khu vực phố cổ vốn nổi tiếng là đất vàng.

Hanoi: Land prices on Bao Khanh Street skyrocket to nearly 2 billion VND/m².

In the heart of Hanoi, Bao Khanh Street is causing astonishment as land prices have skyrocketed to nearly 2 billion VND/m², transforming small, cramped houses into multi-billion VND assets.

Which real estate segment has seen the strongest growth over the past two years?

According to the latest report from PropertyGuru Vietnam, most real estate segments have seen growth over the past two years and have attracted significant investor interest.

Không chỉ phố cổ, nhà mặt đường 1 tỷ đồng/m² xuất hiện la liệt ở Hà Nội

Tuy không thuộc phố cổ nhưng tại nhiều khu phố ở Hà Nội, giá nhà mặt đường đã đạt 1 tỷ đồng/m², khiến ai cũng bất ngờ.

Hanoi's land and house prices are sky-high, causing real estate agents to quit their jobs because they can't sell properties.

Rising land and house prices have led to a dwindling number of potential buyers, resulting in many real estate agents being unable to sell properties and forced to leave the profession.

Customers 'change their minds' because they complain that land and houses are too expensive.

The excessively high price of land and houses has led many people to decide to switch to buying apartments or renting.

To borrow 2,5 billion VND to buy a house, you need an income of 90 million VND per month.

According to VARS, with a loan of 2,5 billion VND, homebuyers have to pay 27-30 million VND per month, therefore they need an income of up to 90 million VND per month to be able to afford a house.

Housing prices are getting higher and higher, making it difficult even for high-income earners to afford a home.

With current housing prices in Hanoi and Ho Chi Minh City, even those with high incomes, according to the General Statistics Office, would find it difficult to afford a home.

Salaries rise slowly, chasing skyrocketing house prices: Young people struggle to buy homes in Hanoi.

The unequal "race" between salaries and housing prices is making it increasingly difficult for young people to buy a home and settle down in Hanoi, and many have even given up on the idea.

Even after paying a deposit three months in advance, the landlord reneged on the deal and demanded a 1 billion VND price increase.

House prices in Hanoi are constantly rising, causing buyers, even those who have paid a deposit, to face situations where homeowners back out of the deal and demand a higher price.

With Hanoi's real estate prices constantly soaring, is it a good idea to invest?

According to experts, amidst the sharp increase in Hanoi's real estate prices and signs of a "speculative bubble," investing money requires careful consideration based on many factors.

Apartment prices in Hanoi continue to rise, despite COVID-19.

In April 2021, apartment prices in Hanoi continued to rise, reaching over 30 million VND/m2.

In the first quarter of 2021, apartment prices in Hanoi increased by 7-9%.

According to CBRE, in the first quarter of 2021, the average apartment price in Hanoi increased by 7-9% compared to last year, currently reaching 33,6 million VND/m2.

Why are house prices in Ho Chi Minh City more expensive than in Hanoi?

Over the past three years, real estate prices, especially in the apartment segment, in Ho Chi Minh City have increasingly surpassed those in Hanoi.

The average house price in Ho Chi Minh City is over $1.400/m2.

The average house price per square meter in Ho Chi Minh City increased from $1.200 in 2013 to over $1.400 last year, while house prices in Hanoi decreased to nearly $1.300 during the same period.

Ho Chi Minh City restricts new projects until 2020, potentially causing housing prices to "skyrocket".

Central and inner-city districts of Ho Chi Minh City are prohibited from developing new projects from now until 2020, which could drive up the prices of existing houses.

What is the average price of an apartment in Hanoi currently?

According to the Vietnam Real Estate Brokers Association, the average selling price per square meter of apartments is approximately 25,7 million VND, an increase of over 2% compared to the second quarter of 2017, with the increase mainly seen in mid-range projects.