According to data from One Mount Group in the first quarter of 2025, the Hanoi real estate market recorded a total of 18,300 transactions, including 8,300 primary transactions and 10,100 secondary transactions. This figure decreased by 14% compared to the same period in 2024.
The slight decrease in transaction volume reflects the cautious psychology of investors and real buyers, in the context of macro factors such as credit tightening, legal procedures and the process of liquidating non-transparent projects still continuing.
In addition, the sharp increase in real estate prices in Hanoi, especially in the apartment segment, has also made it more difficult for home buyers to access products.
According to One Mount Group, the consumption of newly opened apartments in the first quarter of 2025 decreased by about 3,200 units, equivalent to 71% quarterly and 23% annually. The accumulated absorption rate in the quarter only reached 80%.
Local quiet also occurs when the land and townhouse segment in the inner city cools down significantly, while some suburban areas retain their appeal thanks to soft prices and favorable infrastructure planning.
According to online data from Batdongsan.com.vn, from the beginning of March 2025, the number of searches for Hanoi real estate has recovered when recording an increase of 27% compared to February 2025.
The apartment market in Hanoi is entering a stable period after a price increase cycle lasting from 2021 to early 2024. In the first quarter of 2025, apartment prices did not fluctuate much, the average increase was only 1.5 - 2% compared to the previous quarter - much lower than the previous hot spells.
Accordingly, the average price of apartments in Hanoi in the first quarter of 2025 reached 63 million/m2, an increase of about 61.5% compared to the beginning of 2023 (39 million/m2). Currently, Hanoi apartment prices are trending slowly but are still anchored high.
Notably, the affordable segment continues to fall into a state of "empty supply" - when no new projects in the price group of less than 30 million VND/m2 have been opened for sale since 2022. This creates great pressure for real estate buyers with low incomes.
The land segment has had a clear recovery in early 2025, especially in areas where infrastructure is being heavily invested in and administrative upgrades are being prepared.
Data from Batdongsan.com.vn shows that in March 2025, the number of searches for land in Hanoi increased quite strongly at 52%, in Ho Chi Minh City increased by 31% and in other provinces increased by 54% compared to February 2025.
Meanwhile, common land prices in March 2025 in Hanoi increased by 42%, in Ho Chi Minh City increased by 7% and in other provinces increased by 67% compared to January 2023). The three regions with the strongest price fluctuations include: Hoai Duc has an average price increase of 81% compared to the beginning of 2023; Dong Anh increased by 53% and Thanh Oai increased by 90%.
The reason comes from planning information, upgrading administrative units, along with the trend of population shifting to suburban areas. Land plots with an area of 50 - 80m2 with red books and complete infrastructure are the most sought-after type.
In general, real estate segments in Hanoi in early 2025 are Differentiating strongly. Apartments are stable, low-rise houses are gradually recovering, while suburban land has signs of heating up again - but there is a potential risk of speculation. Investors need to be alert when choosing products that suit their taste and capital flow.
Mr. Le Dinh Chung - Member of the VARS Market Research Working Group, General Director of SGO Homes - warned investors to avoid buying according to rumors, should only focus on areas with clear legal status and approved planning, to avoid the risk of "capital jams".
