According to Lao Dong reporters, many private houses in alleys in central districts of Hanoi have recently been advertised for sale at expensive prices. There are even houses in narrow, narrow alleys being advertised for sale at prices exceeding 200 million VND/m2, depending on the area.
For example, a private house in an alley on Dao Tan Street (Ba Dinh District) with an area of 31m2 is being advertised for sale by its owner for 8.35 billion VND, equivalent to 269 million VND/m2.
In another case, a private house with an area of only about 22m2 in Phan Ke Binh Street (Ba Dinh District) is being offered by its owner for 5 billion VND/unit, equivalent to 227 million VND/m2.
According to the seller, although the area is quite modest, the house has 5 floors and has been designed with full functions and utilities.
According to the survey, a house near the shopping center on Pham Ngoc Thach Street (Dong Da District) with an area of 20m2 is also being offered by its owner for 4.95 billion VND, equivalent to 247 million VND/m2.
A 29m2 private house located next to the Banking Academy (Dong Da District) is also being offered by its owner for 7.15 billion VND, equivalent to 246 million VND/m2, despite the narrow entrance. If they decide to buy a house here, the homeowner will be forced to find a place to park their vehicles and vehicles outside.
Mr. Tran Hoang - a long-time real estate broker in Hanoi - commented that many houses in narrow alleys in Ba Dinh, Dong Da districts... have recently been advertised by their owners for over 200 million VND/m2.
Mr. Hoang added that last week, a homeowner in an alley on Chua Boc Street (Dong Da District) was selling a 4-storey, 72m2 private house for 17 billion VND, equivalent to 236 million VND/m2, which surprised everyone.
Statistics from the website Batdongsan.com.vn show that the current price increase of private houses in Hanoi is about 15-25% compared to half a year ago.
Research data from the Vietnam Association of Realtors (Vars) recently analyzed that in fact, in the market, in Hanoi's inner city, the number of private houses priced from 3-4 billion VND/unit is quite scarce.
Even in the suburban areas of Hanoi, private houses in alleys are currently trading at prices of about 70-80 million VND/m2, even corner lots, beautiful lots, the price will be about 100 million VND/m2.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - mentioned that the price of houses in alleys in the center of Hanoi in recent months has been advertised at very high prices.
Experts say that, in addition to the strengths such as being located in the center of Hanoi, people who want to buy a house in an alley need to consider a number of criteria such as the width of the entrance, fire access, the quality of the house, the construction, legal procedures such as red books, construction permits to anticipate risks, have options suitable to their needs and finances.
