Posting ads for houses for sale on social networks over the past few months, Mr. Nguyen Huu Linh (56 years old, living in Dong Da district) said that many houses in the alley here are being advertised for sale at expensive prices from 180-250 million VND/m2, depending on the area.
However, according to Mr. Linh, although located in the central district, with high selling prices, this segment is not easy to find immediate buyers.
Accordingly, the 5-storey, 53m2 house located deep in an alley on Chua Boc Street is being sold by Mr. Linh for 11.3 billion VND (equivalent to 213 million VND/m2). However, for the past few months, only people have come to ask for information, and have not found a customer to close the transaction.
"Houses in alleys have the advantage of being located in the central district, convenient for living, but the selling price is high, so many people, even if they have real needs, consider it very carefully," said Mr. Linh.
Similarly, Ms. Nguyen Thi Huyen (36 years old, living on Vu Tong Phan street, Thanh Xuan district) confided that in the alley where she lives, there are many houses for sale, but finding someone to close the transaction is not easy.
Many homeowners here are even willing to invest a large amount of money to hire brokers and real estate trading floors to post ads for houses for sale in the alley.
According to Lao Dong reporters, many houses in narrow alleys in central districts of Hanoi are being sold at high prices. Some houses in alleys are even being sold for over 200 million VND/m2, surprising many people.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that in order to buy a house in an alley without being fooled, people should proactively survey and compare house prices in the same area and segment. If the price difference is too high compared to the price offered by the real estate broker, they should consider bargaining and contact the homeowner to know the real price of the house.
According to Mr. Nguyen The Diep, currently, many brokers often use the trick of "surfing" to make a profit by only depositing with the homeowner or landowner and then reselling it. When there is a buyer, they will resell it to make a profit.
Experts also note that home buyers in alleys need to learn about the amenities and surrounding living environment, avoiding risks such as houses without red books or shared red books, buying and selling with handwritten documents or notarized documents.
Previously, at the end of September 2024, the Ministry of Construction sent a report to the Government Office on the analysis of cost structure, selling price and reasons for increasing real estate prices.
The Ministry of Construction explained that during the hot market period, many brokers also used deposits to buy houses and land from sellers, then increased the price by 10-15% and sold it to others.
According to the synthesis of the Ministry of Construction, these activities of some associations, groups of speculators, investors and individual real estate brokers are partly the cause of the increase in real estate and residential land prices in recent times.
