Hanoi Real Estate

Hanoi is expected to have 44 million square meters of new housing in the 2021-2025 period, which equates to a per capita floor area of 29.5 square meters.

Despite the high demand for housing, the transaction volume stays low due to the high prices compared to people’s average income.

In 2022, the average per capita floor area in Hanoi is estimated at 27.6 square meters, assuming the city completes ongoing housing projects.

It is expected that by late 2022, real estate demands would continue to stay low and investors may be forced to lower prices to attract buyers.

Rising housing prices in Hanoi were mainly due to scarce supplies and higher prices of construction materials.

The Hanoi Development Investment Fund has signed four MoUs to provide loans worth VND1.4 trillion (US$60 million) to property developers.

Local experts warn of housing bubbles and urge stricter regulations to ensure the capital city's sustainable realty market.

The city would continue to explore opportunities to build new social housing projects to meet growing public demand.

The supply of budget apartments in Hanoi stood at the lowest level in the past five years.

The Government’s focus on infrastructure development and the involvement of major property developers from the South would make the market more attractive.