In early November 2025, the number of private house sales appeared densely on real estate trading floors.
The survey shows that a house in Bo De ward (Hanoi) with an area of 32m2, a 3m frontage, located in an alley, 5 floors high is being offered for sale at 8.4 billion VND, equivalent to 262.5 million VND/m2. Also in Bo De ward, a 47m2, 4-bedroom house is being offered for sale at more than 10.5 billion VND, equivalent to 223.4 million VND/m2. Although not in the central area, it is very difficult to find a private house priced under 5 billion VND on real estate trading floors.
Talking to Lao Dong, Mr. Nguyen Duc Long (Hanoi) said that he likes land-based houses, so since the beginning of the year, he has been looking at many houses with the expectation of finding a private house with a budget of 5 - 6 billion VND. However, in the central area, this price is very difficult to find. He was forced to expand to more remote areas such as the old Long Bien district.
"What surprised me was that with this financial amount, most of the houses I saw were very small, located deep in alleys. Because I have not found a suitable house, I have not decided to pay yet" - Mr. Long said.
According to the One Mount Group Center for Market Research and Customer Insight, in the third quarter of 2025, real estate transactions in Hanoi decreased sharply compared to the previous quarter, reaching only about 6,100 transactions (down 35%).
The average quarterly transaction volume in 2025 will also return to the same level in 2023. Compared to the same period last year, the market decreased by 39%, mainly due to continued price increases - an average increase of 28% in 2025, making this segment increasingly difficult to access for buyers.
According to Mr. Tran Minh Tien - Director of One Mount Group Market Research and Customer Insight Center, in terms of region, the West continues to lead the market share with 34% and about 2,100 transactions (down 36% quarterly, down 44% annually). The Eastern region ranked second, accounting for 26% of the transaction volume, reaching about 1,600 transactions (down 38% quarter-on-quarter, down 49% year-on-year). The central and inner-city areas reached about 1,200 transactions, recording the lowest annual decrease, down 29%. The number of transactions decreased in all regions as the average unit price continued to increase by 22 - 37% in 2025.
In the third quarter of 2025, the 12 wards with the largest transaction volume include 4 wards in the East, 3 wards in the West and 5 wards in the central and inner city areas. The total transaction volume in these wards accounts for about 50% of the entire Hanoi market.
In the East, Bo De ward and Long Bien ward led with about 400 and 360 transactions thanks to the benefits of infrastructure projects started in the third quarter and the development of utility systems. In the West, Yen Nghia and Ha Dong wards have the highest transaction volume due to reasonable prices and benefits from transportation projects in the area. In the downstream and inner city areas, the wards recorded a positive transaction volume thanks to good demand from the psychology of urban core land ownership and high real housing demand.
Mr. Tran Minh Tien forecasts that the residential land market in 2026 will recover, with transactions expected to increase slightly by 9% compared to 2025. Price control policies may cause investors to shift to other types, while the continuous increase in residential land prices continues to reduce buyers' access.
