Records of Lao Dong reporters show that the price of private houses in alleys in central districts of Hanoi has been continuously increasing in recent times.
For example, in early 2024, a 5-storey house in Lang Thuong ward, with a 6m frontage and full legal documents, was being advertised for sale at 9.5 billion VND/unit, but has now increased to 10 billion VND/unit.
A 5-storey private house, 60m2 wide, located in an alley, 600m from Xa Dan Street, with a red book in early 2024, is being advertised for sale at 9.8 billion VND/unit, and the owner is currently offering 10.5 billion VND/unit.
Mr. Nguyen Van Hoat (45 years old, living in Thanh Xuan district, Hanoi) informed that due to no need to use it, his family is quickly selling a private house in an alley on Thuong Dinh street.
Mr. Hoat described that the house in the alley is 5 floors, 70m2 wide and has a red book. In addition to living, buyers can also post long-term rental lists with prices starting from 20 million VND/month.
"The house is located in the central district, not far from major universities, so recently many people have made appointments to come and see it. Currently, my family is selling the house for 11 billion VND, including all furniture and interiors" - Mr. Hoat said.
Statistics from the website Batdongsan.com.vn show that the current price increase of private houses in Hanoi is about 15-25% compared to half a year ago.
Research data from the Vietnam Association of Realtors (Vars) recently analyzed that in fact, in the market, in Hanoi's inner city, the number of private houses priced from 3-4 billion VND/unit is quite scarce.
Even in the suburban areas of Hanoi, private houses in alleys are currently trading at prices of about 70-80 million VND/m2, even corner lots, beautiful lots, the price will be about 100 million VND/m2.
Referring to this content, Mr. Do Ngoc Thang - Regional Sales Director at OneHousing - commented that the inner city of Hanoi is a place where land funds cannot be expanded further but the population is still increasing and most importantly, the real demand for housing, investment, business, and rental.
Therefore, the price of real estate in Hanoi's inner city, including the segment of private houses and houses in alleys, is still a safe and sustainable channel for storing assets.
Real estate experts note that, in addition to the strengths, buyers of private houses in alleys need to consider a number of criteria such as the width of the entrance, the direction of fire prevention and fighting, the quality of the house, the construction, legal procedures such as red books, construction permits to anticipate risks, have options suitable to their needs and finances.
