This year, townhouses and villas are the two types of real estate for sale that recorded strong growth in selling price and interest in both Hanoi and Ho Chi Minh City.
Demand for rental properties in both cities recovered well in 2022
Demand for rental properties in both cities recovered well in 2022, but HCMC witnessed a more robust recovery, with interest in rental properties increasing by 103% compared to the beginning of the year. , while Hanoi increased by 63%.
Accordingly, this year, townhouses and villas are the two types of real estate selling with the highest interest in both Hanoi and Ho Chi Minh City. However, the growth in search volume, selling price, and rental yield of townhouses in HCMC are significantly higher than in Hanoi.
The demand for houses on the streets of Ho Chi Minh City increased by 49%, and the selling price of this type also increased by 16% compared to the beginning of the year. In Hanoi, interest in townhouses increased by 17%, and selling prices increased by 7%.
In addition, apartments are also the segment that records the level of interest in the two largest cities in the country. Specifically, in Hanoi, the level of interest increased by 3%, while in Ho Chi Minh City, the level of interest increased by 15%.
According to a survey conducted with brokers in the North market, 61% of surveyed brokers think apartments will be the most promising type of real estate, and 15% believe that private houses will be the most favorable type of real estate. Strong growth in the coming time, 12% think it’s townhouses, 8% think it’s land, and 4% think it’s other types of real estate.
In addition, defensive real estate forms will be potential. For example, the Hanoi real estate market and Ho Chi Minh City market is where real estate is available. As for the localities that have good growth, have a good foundation in transport infrastructure, have suitable economic orientations… the real estate in those places will still be good.”
