The housing market in Hanoi has shown some signs of improvement in the first half of 2024. However, it still faces issues of limited supply and imbalance. The apartment segment has been especially tight in terms of new supply.
According to Dr. Nguyen Van Dinh, Chairman of the Vietnam Association of Real Estate Brokers (VARS), more investors have begun "hunting" for land on the outskirts of big cities and localities. The area has strong infrastructure development and a high urbanization rate, with prices
Housing prices are rising faster in Hanoi’s outer districts than in areas closer to downtown, thanks to improved connectivity.