In 2025, the apartment market in Hanoi recorded a clear improvement in both supply and absorption rate, still standing at a high level.
Information from Savills Vietnam said that the new supply reached the highest level compared to the same period in the past 5 years (period 2021-2025), although still lower than the same period in 2019. This development maintains a clear recovery of trading activities in the market.
While supply and liquidity have improved, the selling price level has recorded a strong increase for a long time. In the past 5 years, apartment prices in Hanoi have increased by an average of about 26% per year and are currently 200% higher than in 2019.
According to Ms. Do Thi Thu Hang - Senior Director, Research and Consulting Department, Savills Hanoi, entering 2026, apartment prices in Hanoi will continue the upward trend, but the increase may be lower than the previous period.
Ms. Hang commented: "The price level is unlikely to cool down at least in the first half of 2026. First of all, the impact of the new Land Law and the 2026 land price list, expected to be applied from January 1, 2026 with prices closer to the market. This increases input costs for investors, including land use fees, site clearance costs and compensation.
Construction costs continue to be pressured by raw material prices, labor costs and financial costs, forcing investors to reflect them into selling prices. At the same time, the supply-demand mismatch has not been thoroughly resolved. Although the supply in 2026 is forecast to improve compared to the previous period, most of the new supply is still concentrated in the mid-range and high-end segments, while affordable housing projects continue to be scarce. This keeps the average price level of the entire market at a high level," Ms. Hang analyzed.
According to Savills Vietnam's assessment, the strong development of key infrastructure projects will be the most important driving factor for the Hanoi real estate market in the coming years. In which, the commencement and acceleration of the progress of new bridges, along with the completion process of ring roads, new Metro lines such as No. 2, No. 5... play a key role in expanding urban space, improving connectivity, and increasing the supply of housing products.
Notably, ring roads such as Ring Road 1, Ring Road 2.5, Ring Road 3.5 and especially Ring Road 4 are being gradually implemented with clearer progress compared to the previous period. The reality over the past time shows that compensation, site clearance and infrastructure completion have had positive changes day by day, creating an important foundation for the development of the housing market.
From the infrastructure driving force, the housing market prospects in Hanoi are assessed to be clearly differentiated by region. Ms. Do Thi Thu Hang said that areas with infrastructure connection potential that will be realized soon will be areas with higher prospects.
In addition to infrastructure factors, the prospects of each region also depend on the level of supply readiness. Areas where investors have completed legal procedures, prepared for investment and may soon launch products to the market will have a clear advantage in attracting both real housing and investment demand.
