According to data from Batdongsan.com.vn, from January 2024 to present, Hoa Binh is the locality that recorded the strongest increase in land prices in the Northern region, with an increase of up to 67%. In particular, the price level in Hoa Binh still maintains the peak set from March 2025, although demand has shown signs of decreasing recently.
Following is Hung Yen, with an increase of 59% compared to the beginning of 2024 and unchanged throughout the second quarter. The location bordering Hanoi, along with major infrastructure projects under implementation, is considered a factor supporting prices in this area.
Vinh Phuc and Bac Giang recorded prices increase of 47% and 39%, respectively, after more than a year. Of which, Vinh Phuc continued to increase by 14% since the peak in March. Bac Giang has adjusted down slightly by 7%, but overall still maintains the ground level much higher than at the beginning of last year.
Some other localities such as Bac Ninh increased by 20%, Quang Ninh increased by 12% compared to the peak, while Hai Phong was almost flat.
Although prices are still high, interest in land in many localities has decreased in May 2025. Hanoi decreased the most, up to 15% compared to the previous month, while the whole North decreased by 5%.
However, in the first 5 months of the year, the level of interest in localities bordering Hanoi is still higher than in the same period in 2024. Bac Ninh leads with an increase of 43%, Hung Yen increases by 38%, Bac Giang increases by 36%, Vinh Phuc increases by 11%, Hoa Binh increases by 8%. In particular, Quang Ninh decreased by 4%, Hai Phong remained unchanged.
Mr. Tran Duc Hung - a land broker in Hoa Binh and Vinh Phuc areas - said that compared to the beginning of the year, the number of customers asking to buy land has decreased significantly. Many people have switched to the mentality of observing, waiting for price adjustments or updating planning information after merging administrative units. According to Mr. Hung, this is also the time when investors need to be especially careful. "The price level has been pushed up quite high in the first quarter, so short-term investment and surfing are very risky. The market is entering the screening stage, no longer as easy to buy and sell as before, said Mr. Hung.
Analyzing the current real estate market developments, Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn - commented that after a period of hot increase, investors are tending to return to segments with better liquidity such as apartments. However, areas with potential for infrastructure, industrial and urban development still retain their long-term appeal.
