Report real estate market in the first quarter of Batdongsan.com.vn shows that the selling price of apartments in Hanoi has increased closer to Ho Chi Minh City. Specifically, apartments in Hanoi have an average price is 46 million VND/m2 while the price of apartments in Ho Chi Minh City is 48 million VND/m2.
A recent report by Cushman & Wakefield shows that in the period 2014-2023, apartment prices in Hanoi have grown by 109% an average of 9%/year. In the townhouse segment, selling prices have grown by 54%, an average of 9%/year in the period 2018-2023.
According to Ms. Trang Bui, General Director of Cushman & Wakefield, the average price of housing in Hanoi is at a high level approaching Ho Chi Minh City. However, the future price trend will not continue to increase as high as the previous period.
In a short period of time, the market will have the participation of foreign investors with super luxury real estate. The new supply for sale is not much, so it has pushed up the average price of the market,” Ms. Trang Bui shared.
This expert also said that in the future there will be many project new urban areas around Hanoi. It is forecasted that the supply will be more diverse, not just super luxury, reducing pressure on selling prices for the Hanoi market” Ms. Trang Bui emphasized.
Explaining the main reason for the increase in apartment buildings According to many real estate experts, the price is due to low new supply, especially the prolonged supply restrictions in both Hanoi and Ho Chi Minh City.
In the face of rapidly increasing apartment prices, experts advise people to buying a house needs to be considered before making decisions.
According to Mr. Nguyen The Diep – Vice President President of Hanoi Real Estate Club – in fact, it is inevitable that brokers will take advantage of the time when house prices are increasing to use tricks to attack customer psychology, especially releasing “virtual” information that causes price disturbances. selling to achieve the ultimate goal of getting a high price difference.
Customers should research carefully from many sides, proactively survey and compare house prices with similar apartments in the same project in the same area. segment. If you see that the price difference is too high compared to the price offered by the broker, you need to carefully verify the information to pay the correct price,” Mr. Diep advised.
In addition, he also said that to have conditions More convenient in buying a house at a time of rising prices. Buyers should prioritize projects with payment delay policies and financial support from banks.
And Ms. Trang Bui General Director Cushman & Wakefield’s current average selling price of apartments does not reflect the general situation of all projects. Therefore, home buyers need to calmly wait for the many opportunities that lie ahead in the social housing segment Reasonable prices are being actively resolved legally and are of interest to many investors.
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