Talking to Lao Dong, Mr. Nguyen Xuan Cuong (45 years old, living in Cau Giay district) said that in early 2024, he decided to buy an apartment in Long Bien district for 2.5 billion VND.
According to Mr. Cuong, because his business is mainly concentrated in the inner city, traveling is not convenient, so the apartment he just bought is being rented for 9.5 million VND/month, including electricity, water, services, etc.
Similarly, Ms. Mai Thi Anh (living in Khuong Trung ward, Thanh Xuan district) informed that the apartment she just bought for 2.7 billion VND in Thanh Tri district at the end of 2024 is also being exploited for rent at 8 million VND/month.
According to Ms. Anh, due to the high selling price of apartments, renting a house has become a mandatory choice for many people. Notably, the apartment segment for rent in recent times has been meeting the needs of many groups of people such as students, workers, and young families.
Research by Lao Dong reporters shows that to reduce financial pressure, many tenants recently tend to look for apartments located far from the center such as Thanh Tri district, Hoai Duc, Long Bien district, Hoang Mai district...
Referring to this content, Mr. Pham Duc Toan - General Director of EZ Property Real Estate Investment and Development Joint Stock Company - said that investors should only spend money to buy cheap apartments at this time.
According to Mr. Toan, about 2-3 years ago, the apartment segment was rarely included in the attractive investment portfolio because of the mentality that this was a failure, depreciating over time. However, as new supply in Hanoi is gradually limiting, this product has attracted the attention of many investors with a safety taste.
Mr. Nguyen Quoc Anh - Deputy General Director of PropertyGuru Vietnam - also said that the decline in apartment prices is a positive signal, but whether this trend is sustainable or not still needs more time to be monitored.
According to Mr. Nguyen Quoc Anh, the buying time is not as important as having a solid financial preparation. Buyers should have at least 30-40% of the value of the house with their own money. It is necessary to ensure stable cash flow in the next 3-5 years to avoid financial pressure when borrowing to buy a house.
CBRE's report shows that secondary apartment prices in Hanoi in 2024 alone have increased by more than 26% - the highest level ever recorded. Although this increase tends to slow down in early 2025, many experts predict that the price will still increase by an average of 6-8%/year.
