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Learn more about the Hanoi property market through trends and average prices.
Steeped in history, Vietnam’s bustling capital is emerging from its former Franco-Chinese past. Located next to the Red River, it blends a perfect mélange of East and West with Vietnamese influences and Gallic flair.
Unaffected from decades of turmoil, rapid development is taking place with developments and complexes flourishing making it enticing for real estate and foreign investors. Packed with culture, history and vibrant nightlife, Vietnam’s second-biggest city features Ha Long Bay, lush green spaces, traditional villages, well-kept colonial buildings, grass-covered hilltops, and thriving markets.
Attracting more than 13 million visitors in 2018, Hanoi can be explored on foot with a host of museums, outstanding cuisine and an incredible Old Quarter dating back to the 13th Century.
Since 2015, foreigners can purchase property across Vietnam thanks to a change in the system. Choose from a wide selection of apartments, villas, condos and modern development blocks in Hanoi with numerous amenities such as dedicated 24-hour security and on-site car parking.
Some of the plushest developments with excellent rental yields are based just six kilometers from downtown Hanoi including Vincom Royal City. Benefitting from 3000-plus stylish apartments, this modern complex provides a range of facilities from a shopping mall to a branch of the highly acclaimed Vinmec Medical Centre.
In addition, Hanoi’s growing economy and tourism sector continues to grow alongside its real estate market. Brand new areas are mushrooming around the city with Trung Hoa Nhan Chinh and Ciputra among the most popular. This is coupled with an increasing middle class ensuring a rise in demand for property.
Some of the most popular investment options are villas and terraced houses as well as condos and specialist condo style hotels. These can be largely seen in the West and southwest of Hanoi which has seen a recent property boom. Affordable and mid-range properties can be found within close proximity of strategic junction points and transport stations.
Undergoing large construction, most notably in the West and Southwest, there are excellent rental yields and property investments in Hanoi including Tay Ho. One of the most livable areas in the Vietnamese capital, this affluent riverside location enjoys several verdant spaces and offers easy access to the city center.
Meanwhile, Can Giay is perfectly positioned close to the center. Home to several universities and Keangnam Hanoi Landmark Tower, the tallest building in Vietnam and there are numerous planned developments set to get underway within this district.
Ha Dong is another distinct spot where foreign investors have a choice. With excellent infrastructure not to mention several schools, there are a wealth of off-plan properties planned.
Further south of Tay Ho and Can Giay lies Tanh Xuan where investors can take advantage of a recent property boom with more affordable properties set to be constructed. Both North and South Nam Tu Liem in Western Hanoi are additional locations gathering attention. Considered to be the latest real estate hotspot, property developers are focusing their attention on constructing new developments in this specific locality.
The political, cultural and historical epicenter of Vietnam, Hanoi is rich in heritage and lush terrain. Among the modern skyscrapers, this busy metropolis is home to an array of parks, picturesque lakes, and ancient streets.
Discover the tranquil Hoan Kiem Lake positioned in central Hanoi and close to the warren of narrow streets around the Old Quarter. Practice tai chi with the locals when the sun rises or simply take a wander around this expansive green space. Don’t miss the Temple of Literature which dates back to the 11th century and is the bedrock of Confucianism.
When it comes to entertainment, Hanoi doesn’t disappoint either thanks to traditional Vietnamese opera, water puppetry and theatre shows. Sample a Bia-Hoi (local beer) at one of Hanoi’s many open-air bars or wander down a passageway to find one of its many street vendors selling tasty treats.
For cooking masterclasses and to gain an insight into local Vietnamese cuisine, take a gastro tour with Hanoi Food Tasting Tours. Dedicated to culinary experiences, they offer a broad choice of itineraries from beginner right up to professional foodies.
According to the latest real estate market report, foreigners are able to buy property in Hanoi. However, they are only able to purchase properties that are for sale in buildings that have been designated as "foreigner-only" by the Vietnamese government. Property in Hanoi is highly sought-after by both domestic and foreign buyers, due to the city's rapidly-growing economy and its rich culture and history. For foreigners looking to purchase property in Hanoi, it is important to work with a reputable real estate agent who has experience helping buyers navigate the Vietnamese real estate market.
Hanoi is a city of contrasts, with historic temples and modern high-rises rubbing shoulders in its bustling streets. But when it comes to finding the best neighborhood to buy property, Hanoi has a lot to offer. For those who want to be in the heart of the action, the Old Quarter is an ideal choice. Property prices here are some of the most expensive in the city, but you'll be surrounded by traditional shops and businesses, as well as some of Hanoi's most iconic landmarks. Alternatively, the Ba Dinh district is a great option for those who want a more relaxed pace of life. This leafy residential area is home to many embassies and government buildings, as well as parks and lakes. Property prices here are more reasonable than in the Old Quarter, making Ba Dinh a great choice for those on a budget. Whichever neighborhood you choose, Hanoi is sure to offer something to suit your needs.
Property prices in Hanoi have increased in recent years, as the city has become increasingly popular among domestic and foreign buyers. However, there are still many bargains to be found, especially if you are willing to look outside the city center. The outskirts of Hanoi offer a much cheaper option for those looking to buy property, and there are many houses for sale at reasonable prices. With a little patience and perseverance, it is possible to find a good deal on a house in Hanoi.
One unit of a property for sale in Hanoi varies in price depending on the size, location, and amenities of the property. However, the average price of a property in Hanoi is $500,000. This price may seem high to some, but it is important to remember that Hanoi is a large city with a high cost of living. When considering purchasing a house in Hanoi, it is important to consult with a real estate agent to get a better understanding of the market value of different properties.