Sudden price increase makes it difficult for investors to survey rural land

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    The land segment in the suburbs of Hanoi has been continuously increasing in recent times, causing the opportunities for many investors to buy on the internet to narrow.

    Sharing with Lao Dong reporter, Ms. Nguyen Thi Minh (born in 1980, living in Hanoi) said that the real estate market situation has been continuously increasing since the beginning of 2025, land in some suburban areas of Hanoi is fluctuating strongly, making it difficult to have the opportunity to buy.

    Due to having idle money, in early 2025, Ms. Minh went to see a 60m2 plot of land worth 2 billion VND in Thach Hoa commune (Thach That district), only about 3.5km from Hanoi National University or FPT University but did not dare to buy it because of the expensive price.

    "Although located far from the central area, the land plot is located in an alley, the owner here is selling it for 2 billion VND, so I am hesitant and do not pay to buy it" - Ms. Minh said.

    Similarly, Mr. Tran Van Cuong (living in Thanh Xuan district, Hanoi) shared that at the end of 2024, his family went to see a plot of land worth 9.7 billion VND, 70m2 wide, equivalent to 137 million VND/m2 in Long Bien district for long-term investment.

    However, according to Mr. Cuong, the land segment here is showing signs of local price increases, exceeding 100-150 million VND/m2 and shows no signs of slowing down, making investors dizzy.

    a
    The land segment in the suburbs of Hanoi is of interest to many investors. Photo: Thu Giang

    The latest report from the website Batdongsan shows that in the first half of February 2025 alone, the number of land searches nationwide increased by 2-3 times compared to January.

    Notably, in Hanoi, the demand for land plots increased by 50-55%, concentrated in areas such as Long Bien district, Hoai Duc district and Ha Dong district.

    Referring to this content, Mr. Dinh Minh Tuan - Business Director of Batdongsan website - also said that 2025 will be a sensitive year for the real estate market. Therefore, investors will have a hard time investing to "eat the showers".

    According to experts, new laws related to real estate are starting to take effect and have an impact on supply as well as investor psychology.

    Meanwhile, in 2024, the real estate market in Hanoi grew too quickly in terms of prices. Many types of real estate in the capital have increased in price by 50-60%/year in recent times and set a record high price level.

    Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - said that the recent price increase has turned the real estate market into a "playground" for investors.

    Mr. Dinh emphasized that in many areas, real estate prices have far exceeded the income and financial capacity of people with real needs.

    It is forecasted that the real estate market in the coming time will be unusually "hot" as in the previous period. The real estate market in 2025 will be adjusted in a healthier and more sustainable direction.

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