According to the Vietnam Association of Realtors (Vars), from the last months of 2024, the real estate market has shown signs of strong recovery when the new legal corridor officially comes into effect, investors continue to accelerate project implementation, promoting the psychology of buying houses at the end of the year or buying quickly to have a new house for Tet.
In the residential real estate segment alone, a survey by Batdongsan.com.vn also noted that the private house segment in Hanoi with a price of about 5-6 billion VND/unit is having the best transactions.
Just 2 years ago, the transaction volume and consumer interest were concentrated in the segment with prices under 4 billion VND/unit. Currently, with an increase of 15-20%, popular transactions are apartments with an area of 30-40m2 with prices that can reach over 6 billion VND/unit, depending on the location.
Not only private houses and land, the apartment segment in central districts of Hanoi is also attracting the attention of investors.
Data from CBRE Vietnam Real Estate Investment and Services Company in early January 2025 showed that, as of the fourth quarter of 2024, the selling price of apartments in Hanoi reached 72 million VND/m2 (excluding VAT and maintenance fees).
Primary selling prices (investor selling prices) increased sharply, up to 36% compared to the same period in 2023 and 12% compared to the third quarter of 2024. This is the highest increase in the past 8 years in the Hanoi market, the selling price increased along with a good liquidity trend in the volume of transactions on the market.
Many real estate experts affirm that in early 2025, apartments will continue to be the leading type of real estate market in Hanoi.
Apartment transactions, including primary and transfer types, accounted for 55% of total market transactions, equivalent to about 46,000 transactions.
According to economic experts, real estate prices in Hanoi are rising, investors should be cautious before investing, need to have a medium-term vision, with a capital recovery period of at least 1-3 years, instead of expecting a quick "surf".
Notably, with the apartment segment, in addition to price, buyers need to pay attention to factors such as construction quality, location, amenities and especially the legality of the project.
