Rising housing prices

Housing prices in Hanoi and Ho Chi Minh City have changed unexpectedly. Illustration photo: Luc Giang

Unexpected developments in the housing market in Hanoi and Ho Chi Minh City

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In the fourth quarter of 2024, luxury and super luxury housing projects opened for sale in Ho Chi Minh City, raising the average price threshold to 76 million VND/m2, higher than Hanoi.

Many home buyers wait for prices to rise, while low-income people struggle to find housing. Photo: Cao Nguyen.

The psychology of buying houses and waiting for prices to increase causes real estate "fever"

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Fear of high prices and rushing to buy houses, while supply is scarce, is one of the causes of real estate "fever".