Ms. Vu Thi Chi (28 years old, freelancer) currently lives in a 3-bedroom luxury apartment in Lang Ha area (Hanoi). The apartment rent is about 25 million VND/month, including electricity and water bills. Because she lives with friends, she spends about 13 million VND per month on rent.
According to Ms. Chi, although the monthly rent is equivalent to the installment when buying a house, she still chooses to rent instead of borrowing to buy an apartment.
Apartment prices in Hanoi, especially in the inner city, are currently very high, many apartments are priced from 8-11 billion VND. Meanwhile, my job has unstable income, some months high but also some months low. Renting a house helps me be more proactive, flexible and not have to bear long-term debt repayment pressure" - Ms. Chi shared.
Speaking about living in luxury apartments, Ms. Chi said that although it is a rented house, it still brings a comfortable feeling as if living in her own home. According to her, the advantages of this type are a synchronous utility system, many services, guaranteed security and a convenient location for daily commuting and work.
Mr. Nguyen Minh Tuan (33 years old, information technology employee) said that he is renting a 2-bedroom apartment in the Cau Giay area (Hanoi) for about 15 million VND/month. Although he is married and has a young child, he has not yet decided to buy a house because he believes that the current apartment price level is too high compared to his financial capacity.
According to Mr. Tuan, with the current accumulated money, his family still has to borrow a very large amount if they buy an apartment in the inner city area. Meanwhile, the debt repayment pressure lasting from 20-30 years makes him consider carefully.
Renting a house helps my family have a good living space, close to the workplace and school of my children without having to bear too much pressure to borrow from the bank. Besides, the quality of apartments for rent here is very good, meeting all living needs for the family" - Mr. Tuan shared.
Data from the Vietnam Real Estate Market Research and Evaluation Institute (VARS IRE) shows that more than 60% of young people under 35 years old in large cities are choosing to rent houses because they do not have enough financial resources to own real estate.
In addition, the ability to own a house in large cities is becoming a problem that needs to be prepared more carefully in terms of finance. With a 70 m2 apartment in the central area priced at about 7 billion VND, a household with two workers belonging to the current high average income group (according to a report by the Hanoi Department of Home Affairs, the average income of the group of enterprises with the highest salaries in 2025, the FDI sector, reached nearly 112 million VND/person/year) still has the opportunity to own a house through the accumulation process, but the time to prepare resources tends to be longer than before.
Ms. Pham Thi Mien - Deputy Director of the Vietnam Institute for Real Estate Market Research and Evaluation - said that identifying rental housing as an important pillar will contribute to forming a more professional, systematic, safe and long-term stable market.
At that time, the concept of "settling down and starting a career" will also be expanded, when people do not necessarily have to own houses but can still feel secure living through renting quality houses.
