Ms. Do Thu Hang - Senior Director of Savills Hanoi Consulting and Research Department - said that from the beginning of 2024, the Law on Real Estate Business, Land Law and Housing Law (amended) were adopted, The real estate market records positive reactions when the amendment law towards many places to protect the interests of the buyer as well as transparent market activities.
Facing the warmth of the real estate market, many investors in the fourth quarter of 2024 have opened a new project earlier than expected. Ms. Do Thu Hang said that the demand for large housing accompanied by a large supply was brought to the market in recent times, causing the transaction amount in the fourth quarter of 2024 in Hanoi to continue to increase.
Notably, according to Savills, throughout 2024, the housing market, especially the apartment segment in Hanoi has acknowledged the strong attention from the buyer.
Also in the past year, the apartment market has begun to be considered a type of stored assets. Experts said that if the apartment buyers were simply to stay or invested for rent, now they also expect to add to the price increase of the apartment.
According to the research of the Lao Dong PV, the Ministry of Construction's 2024 real estate market report recently said that in big cities, the price of apartments has increased compared to 2023. Notably, notably, notably, The new apartment price ground has been established for all segments.
Also according to the Ministry of Construction, in 2024, the price of apartments in some large cities continued to increase. In Hanoi, the selling price of apartments has increased by about 40-50% compared to the previous price, locally has a higher project.
Referring to this content, Mr. Dinh Minh Tuan - Sales Director of Propertyguru Vietnam - Analysis, in 2024, nearly 67% of new supply in the real estate market in Hanoi is focusing in the high -end segment, luxury.
According to experts, the price of apartments in the coming time will be difficult to decrease, although not hot fever as at present, this type still meets the real needs of the buyer, so it will continue to lead the market this year.
Forecast of real estate market in 2025, Ms. Duong Thuy Dung - CEO of CBRE Vietnam - said that the apartment price will not decrease but the growth rate will slow down, only about 5-8% compared to the year 2024.
Many real estate experts said that the new project source of projects has made the apartment segment in Hanoi over the past time increasing abnormally, forecasting the new apartment segment with a price of less than 50 million VND. /m2 in Hanoi will gradually disappear.
