According to Lao Dong reporters, the segment of houses in alleys in central districts of Hanoi such as Dong Da, Thanh Xuan, Cau Giay... especially houses with a small area of 30-40m2, is being sought after by many people.
Typically, a private house in My Dinh ward (Nam Tu Liem district) with a 5m wide frontage, 32m2 area and a red book is being advertised for sale at 6.9 billion VND, equivalent to 215 million VND/m2.
In Thanh Xuan district, a house with an area of 32m2 in a small alley in Thuong Dinh ward is being offered for sale at 4.3 billion VND, equivalent to 134 million VND/m2. In addition to having 6 floors, the house is also introduced by the owner to be near the traditional market, schools...
Or a house in an alley in Yen Hoa ward (Cau Giay district) with a frontage of more than 7m and an area of 45m2 is being advertised for sale at 8.9 billion VND/m2, equivalent to 197 million VND/m2.
In Dong Da district, a house in an alley, a house that can be reached by car in Cat Linh ward with an area of 33m2 is being advertised for sale at 5.3 billion VND/house, equivalent to 159 million VND/m2 at present.
Recent analysis data from the Vietnam Real Estate Brokers Association (Vars) shows that in reality, in the market, in Hanoi's inner city, the number of houses priced from 3-4 billion VND/unit is quite scarce.
Even in the suburbs of Hanoi, private houses in alleys are currently trading at prices of about 70-80 million VND/m2.
Mr. Tran Hoang (a real estate broker in Hanoi) commented that the real estate market for individual houses in alleys in Hanoi is forming a new price level when supply continues to not adapt to the needs of investors and residents, especially in the increasingly obvious urbanization trend as it is now.
Notably, according to Mr. Tran Hoang, buyers need to be alert to the introduction information of brokers and survey prices and traffic in advance in these areas. If the price difference is too high compared to the price offered by the broker or homeowner, you should consider bidding or moving to other areas.
Buyers also need to learn about the utilities and living environment around them, avoid risks such as living without a red book or sharing a book, buying and selling handwritten documents or notarized documents.
