Selling a 5-storey house of only 15m2, Mr. N.V.T (Cau Giay district, Hanoi) informed that the house has a red book area of 12m2 but the actual usable area is 15m2, designed with 5 floors, he is selling it for 3.15 billion VND, equivalent to more than 210 million VND/m2.
According to Mr. N.V.T, despite the small area, all floors are designed with full functionality such as living room, parking space, 2 bedrooms, 1 kitchen, 1 worship room, drying yard...
Similarly, Ms. Vu Thi Phuong Lien (born in 1984, Thuong Dinh street, Thanh Xuan district) informed that recently, the price of houses in the alley here has continuously increased, there are houses with small area but the selling price has exceeded 200 million VND/m2.
Ms. Lien shared that a house in an alley with an area of only about 20 square meters is being sold by the owner for 5.8 billion VND, equivalent to more than 260 million VND/square meter, which makes many people feel dizzy. It is worth mentioning that the structure of this house has been used for decades and shows signs of severe deterioration.
However, according to Lao Dong reporters, although many people are selling small-area houses in Hanoi alleys, there is currently no specific and separate data on actual transaction volume in recent times.
Forecasts from the real estate analysis ecosystem OneHousing show that the demand for buying houses in Hanoi alleys will continue to increase in the last months of 2024.
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.
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.
