Hanoi residential property prices may continue upwards
Hanoi’s real estate market has become more positive since the end of 2023 but there remain difficulties and inadequacies that need time to overcome. The scarcity of new project supply and the high demand for housing has led to average selling prices in the primary housing market continuing to rise sharply. The residential segment will continue to grow in price in the immediate future due to increased land and construction costs, developed infrastructure, and improved quality. If transportation infrastructure can provide easy links, the trend of moving to projects to the outskirts of the inner city, where there is fresh living space and synchronous and modern infrastructure and utilities, is inevitable. Developers need to carefully research market needs to adopt appropriate development orientations, ensure quality commensurate with the selling price, and fulfill their responsibilities and commitments in infrastructure construction.