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Find the latest rental rates on the Hanoi property market
Hanoi has been the Capital City of Vietnam for more than a thousand years now and the location of the city today place has been inhabited since the Neolithic times and It is one of the prehistoric capital cities of the world. Hanoi is located on the banks of the Red River and the name Hanoi means “The City at the Bend of the River”.
Hanoi has been known by many names such as Thang Long, Dong Do, Dong Quan, Bac Thanh, to name a few. The once French colonial city is also fondly “The City of Peace”, “The Capital of Thousand Years of Civilization”, and “Little Paris of the East”. Hanoi exudes a more authentic feel of Vietnamese culture in comparison to the other major city in Vietnam, Ho Chi Minh City. It is very well-connected to other parts of Vietnam through its extensive rail and road network and air routes. You can feel and enjoy its thousand-year-old rich history when you are in Hanoi.
The population of Hanoi is about 8 million and is the Catullus behind the infrastructure and housing development. Economic liberalization has removed the boundaries across the world and major tech giants like Apple, Microsoft, and Samsung have set up their plants near Hanoi and has given the rental market a major boost.
Renting in Hanoi is affordable when compared to Ho Chi Minh City. Hanoi has a lot to offer as it has a variety of accommodation choices such as houses, villas, apartments, condos, serviced apartments, studio apartments, and rooms.
Condos are the most popular choice with expats as they come with luxurious amenities gym, swimming pool, and 24 hours security. Foreigners prefer to stay in condos as it provides safety, maintenance services, receptionist and security guards.
Condos come in various different types, from Studio to 5 Bedroom units. A studio type condo in Cau Giay district will cost you $98 rent per month while a single bedroom condo in Tu Liem starts at $345 per month. A two bedroom condo in Hai Ba Trung and Thanh Xuan may cost you between $560 and $820 per month.
Hanoi is a large city divided into many districts. It depends on your preferences to choose where you wish to live. If you like living in the city close to popular nightclubs, cafes, and restaurants, then Hoan Kiem, Ba Dinh, Dong Da or Hai Ba Trung are the districts that you choose. If you want to enjoy a quieter life, then Tay Ho would be a better choice.
Most of the expat population live in the following central districts
As an expat, you can experience the laid back lifestyle of Hanoi as it is a city of contrasts. You can either choose to live a simpler life or live an affluent life. In this city, you can experience the authentic Vietnamese culture, which is well-preserved in the city, unlike Ho Chi Minh.
Locals mostly use motorbikes for commuting due to the narrow roads of the city. Expats ride electric bikes as they have been allowed onto the roads since 2015 using an International Driver’s License. The public transportation system is good as most parts of the city are covered by eco- friendly electric buses.
Hanoi has good public infrastructure, telecom, and other facilities such as schools and colleges, etc. You will find many International schools that cater to the expat community. There is also a good selection of colleges, research institutes, and universities for higher education.
When it comes to healthcare, Hanoi has public and private hospitals. Private hospitals are excellent, and most expats prefer to use them for their medical requirements. As there is no government-funded insurance for expats living in Vietnam, it’s advisable for foreigners living in Vietnam to have International health insurance.