According to Lao Dong Newspaper, in mid-March 2025, on small-scale promotion sites and real estate groups, a series of listings for townhouses in the center of Hoa Binh City appeared frequently.
These real estates are mostly on busy roads such as Tran Hung Dao, Cu Chinh Lan, Chan De Port Residential Area... with prices ranging from 3 to more than 10 billion VND depending on the area and location.
Ms. Nguyen Thu Doan - owner of a 100 m2 house in Chan De Port Residential Area (Thinh Lang Ward) shared: "Because my family moved to Hanoi to work, I urgently needed to transfer it for 4.2 billion VND".
According to Ms. Doan, this price is offered directly, without intermediaries, and compared to before, it is clearly an attractive choice for those who are looking for an ideal living space in the center of Hoa Binh city with truly competitive value.
Similarly, Mr. Dinh Xuan Than - the owner of a villa of nearly 170 m2 on the Da Giang dike (Dong Tien ward) said that because his family has no need to do business, while this villa of nearly 170 m2 has a prime location on the Da Giang dike, with a view of the Da River.
In particular, the lobby on the first floor is spacious and airy, very suitable for opening restaurants or doing high-end service business. Therefore, he decided to transfer for 14 billion VND, leaving behind all the furniture.
"My family wants to move to the outskirts of Hoa Binh city to build a spacious garden, enjoy the airy space and a relaxing lifestyle, close to nature," Mr. Than shared.
Mr. Nguyen Duc Tien - a long-time real estate broker in Hoa Binh City, said: "For about 2 months now, the number of townhouses for sale has increased dramatically. Many homeowners want to cut losses or reinvest in other channels due to the prolonged market stagnation".
Some houses that were once highly appreciated during the land fever period have now been heavily discounted but are still having difficulty finding buyers. This situation has made many investors worried about the liquidity of the market.
According to Mr. Tien, the wave of street-front houses in Hoa Binh City is mainly due to financial pressure, especially for home buyers who have been buying at a hot market and borrowing from banks at high interest rates.
In addition, the real estate market is stagnant after a period of strong growth, making buyers more cautious, and many homeowners are worried about further price declines so they want to sell early.
In addition, some investors have shifted to the suburbs of Hoa Binh city or industrial development areas, where land prices are still soft and the potential for price increases is higher.
Although the market is quiet, this is also an opportunity for those who really want to buy a house. When supply increases, buyers can easily negotiate prices better than before.
Ms. Ngo Thu Uyen - a customer looking to buy a house in the center of Hoa Binh city, shared: "Currently, I see many houses with prices reduced by 10 - 15% compared to the beginning of 2024. This is a good time to consider buying, but you also need to carefully consider the legality and potential of each location.
According to Ms. Uyen, with Hoa Binh City promoting infrastructure development, especially the Hoa Binh - Moc Chau expressway project and upgrading inner-city traffic routes, the real estate market may become vibrant again in the near future.
