It's difficult to find accommodation because prices have skyrocketed
As soon as she learned that she was accepted into the Academy of Journalism and Communication (Hanoi), Nguyen Thao An (18 years old) - from Vinh city, Nghe An - hurriedly searched for a room to rent. New students of the Academy of Journalism said their seniors advised them to rent a house early before house prices start to increase.
"Departing from Hanoi early, I stayed at a relative's house to find a room to rent. However, for more than a week I still haven't found a room I like. There are rooms about 20m2 for all living areas and it's very secretive. "Because I have to live with someone else to save money, I'm still trying to ask my relatives to help me find it in time to go to school," Thao An said.
Not only new students, renters who want to change residence at this time are also very difficult. Because the homeowner wants to renovate, Ms. Nguyen Thi Trang (26 years old - office worker in Cau Giay) needs to find a new apartment to move to before August 31. However, Ms. Trang said, rising house prices make options become fewer.
"The landlord informed me at the beginning of the month, but because he was busy with work, he hadn't found a room yet. According to the deadline, I need to move out before August 31. However, house prices are increasing very high. The room I currently rent is self-contained and has enough space. Air conditioning, heating... price is only 2.8 million. I've lived alone since I was a student so the landlord still keeps this price.
In recent days, the deadline to move house is approaching so I went looking, but the rent is very high. In addition, there are also quite a few rooms for rent at this time. I went to several boarding houses, but the landlords all said that because students were enrolling, they were "running out of rooms". I just found a 28m2 apartment but the price is 3.7 million VND/month. Being alone, that price is too high so I'm considering it. Maybe I will find someone to live with, or move in with close friends" - Ms. Trang said.
As noted by Lao Dong reporter, at present, rental prices for accommodation in Hanoi, especially around universities, tend to increase sharply. The rental price will also depend on many other factors such as area, amenities...
In the Cau Giay district area (Hanoi), for shared apartments with an area of 20 - 25m2 that are self-contained, lacking a balcony, the price is from 2.9 - 3.5 million VND/month, an increase of about 300,000 - 400,000 VND/month compared to the previous month. As for private boarding houses, the rent will be higher, from 4.2 million VND/month or more for rooms of about 25m2.
In Thanh Xuan district (Hanoi), rooms are about 15m2, have incomplete amenities and are quite old, and cost from 1.5 million VND/month. Apartments with 25m2 and more amenities cost an average of about 4 million VND/month.
The level of interest and accommodation prices simultaneously increased
Talking to Lao Dong reporter, a representative of a market research unit said that in July, the level of interest in Hanoi rooms and motels for rent increased by 10% compared to June. And in Ho Chi Minh City, the increase was 22%.
In Hanoi, in Bach Khoa ward (Hai Ba Trung district) - an area where schools such as Polytechnic University, University of Construction and National Economics University are concentrated, the popular rent in the second quarter of 2024 is 5 million VND/month, which is the highest level in the past 4 years. Rents in Bach Khoa ward have increased by 25% in the period from the third quarter of 2020 to the second quarter of 2024.
"Some landlords in Hanoi said they increased rent by 10-15% for the reason that real estate purchase prices have increased, so rents also need to increase. Similarly, the rental room market in Ho Chi Minh City also witnessed "The trend of increasing rents in recent months has significantly affected the psychology and behavior of tenants" - this person said.
