Jan 3, 2024
Hanoi Real Estate Prices Continue to Rise in Q4/2023
Property prices in Hanoi rose sharply in Q4/2023, driven by tight supply, strong demand, and expectations of improved road infrastructure. The average price of new apartments increased by 7% quarterly and 14% annually, with most listings classified as luxury. Buyers sought second-hand apartments in conveniently located areas, pushing up prices in urban and rural districts. Prices of high-end properties and central areas barely declined, while the northern part of the city remained cold. Hanoi plans to increase affordable housing supply by building 1.25 million square meters in 2025 and 5.5 million square meters in 2030.