According to Lao Dong reporters, on social networking forums, many owners have recently been continuously reducing the selling price of houses in alleys in Hanoi by 200 - 400 million VND/house.
Ms. Nguyen Thi Ngoc (living in My Dinh ward, Nam Tu Liem district) also posted an ad to sell a 4-storey house deep in an alley for 6.1 billion VND.
Ms. Ngoc shared that every month, her family has to spend 2-3 million VND on parking outside, and even if they want to repair the house, they still encounter many inconveniences because the alley is too inconvenient. Her family is willing to reduce the price by 200 million VND for anyone who is interested in buying a house this month.
Similarly, Mr. Tran Van Cuong (owner of a house in an alley in Van Chuong ward, Dong Da district) said that because he has no need to use it, his family wants to reduce the price of the 35m2, 2-storey house for 3.8 billion VND.
"The alley is too narrow, so every month my wife and I have to spend millions of dong to find a place to park the car and then walk into the house. The price I am offering is 3.8 billion dong, with a discount and support for the buyer of about 400 million dong because of the above inconveniences," said Mr. Cuong.
However, according to Lao Dong reporters, although the alley house segment is attracting much attention, there is still no specific and separate data on the actual transaction volume of alley houses in Hanoi's inner city districts.
Information about home owners announcing a 200 million VND price reduction or supporting buyers up to 400 million VND may also be just to attract interest and attention from those who want to buy a house.
Referring to this content, Mr. Pham Duc Toan - General Director of EZ Real Estate Investment and Development Joint Stock Company (EZ Property) - commented that in the past, houses and land in alleys were often the segment that real buyers "weighed" with new apartments.
However, recently, the sudden increase in apartment prices in both the primary and secondary markets has prompted a group of customers to switch to buying real estate, accepting the inconveniences and limitations of the alley housing segment such as parking space and construction quality.
According to the forecast from the real estate analysis ecosystem OneHousing, the demand for buying houses in alleys in Hanoi in 2024 will continue to increase.
According to OneHousing, due to the shortage of apartment supply in Hanoi, while people's housing demand is still increasing, many people have recently changed direction, choosing to buy houses in alleys in central districts.
However, to buy a satisfactory house in an alley in Hanoi, many real estate experts of Onehousing also note that people need to carefully research information about the area, the condition of the house in the alley, and legal transparency.
In reality, there are still brokers and homeowners posting ads with the excuse of reducing prices and cutting losses when selling houses in alleys just to attract interest and get the attention of buyers.
