Apartment rental prices have increased
Ms. Bui Thi Hoa (32 years old, from Vinh Phuc) shared that she and her husband have rented an apartment in Duong Noi new urban area (Ha Dong district) for more than a year now.
Apartment is about 60 m2, rental price is 8 million VND/month, 12 month contract. By the first month of September 2024, when it was time to prepare to sign a new contract, the landlord announced that he would increase the rent by 1 million VND.
"I have two young children in elementary school, the couple's income is just enough to take care of the children's education and basic daily expenses. Now that the house rent has increased, I feel heavy financial pressure." - Ms. Hoa lamented.
Faced with the increase in house prices, Ms. Hoa discussed with her husband how to take advantage of her free time to look for a house in the alley to rent.
“Many places advertise room prices on websites and social networks from only 2 to 2.5 million VND/month, but when couples come to see them, they push it up to 3 to 4 million VND/month. The reason given by the innkeeper for increasing the price was that he had just replaced new furniture and added more fire protection equipment..." - Ms. Hoa said and added that, with this price, although the house is more cramped, it is still smaller. financial help.
Meanwhile, Mr. Nguyen Trong Vu (30 years old) renting a house in Khuong Trung ward, Thanh Xuan district, said that due to the high apartment rent, Mr. Vu's family had to check out the room for 2 months to move down. Living in a rented house in an alley with a rental price of only 5 million VND/month, including electricity, water, and living expenses.
According to Mr. Vu, apartment rental prices in Hanoi's inner city have been continuously increasing in recent times, with no signs of cooling down. Because the price was beyond their ability to pay monthly, when the contract ended, Mr. Vu's family stopped renting and looked for a new room with a reasonable budget.
Apartment rental has become a popular trend
According to a survey by Lao Dong reporter, apartment rental prices around the central area of Hanoi have increased relatively sharply in recent years, especially recently.
For example, in apartments at the Vinhomes Smart City project (Nam Tu Liem district), the rent for a small 1-bedroom apartment with full furniture increased by 1-1.5 million VND/month (at 7-8 million VND). /unit/month; apartment with 2 bedrooms and 2 bathrooms increased to 10 - 12 million VND/month).
Or apartments in Legacy, Thanh Xuan Complex (Thanh Xuan district); The Nine, Central Field, D'Capitale, Discovery Complex, Mipec Rubik, Nam Trung Yen (Cau Giay district); Discovery Central, Vinhomes Metropolis (Ba Dinh district)... apartment rental prices simultaneously increased from 1-2 million VND/month compared to the fourth quarter of 2023.
Sharing about the reason for the increase in apartment rental prices, Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn - said that in the context of rising selling prices recently, real buyers and investors Investors will have a waiting mentality and turn to pay more attention to the rental segment. Rental apartments are one of the sights of this shift.
Sharing the same opinion, Mr. Nguyen Van Dinh - Chairman of Vietnam Real Estate Brokers Association - said that the constant increase in apartment buying, selling and renting prices in recent times has also broken the stereotype that apartment investment is consumption.
"Currently, investing in apartments and then renting them out has become a popular trend in big cities as we both receive a steady cash flow from monthly rentals - higher than savings, while also enjoying benefits. from the ability to increase prices" - Mr. Dinh said.
