Experts highlighted the positive trend in the real estate market since the start of the year. Searches and transactions for apartments have surged, with quarterly sales showing remarkable improvement.
Over the past two quarters, Hanoi's real estate market recorded 10,400 apartment transactions, an impressive 101% year-on-year increase, surpassing the total number of transactions for 2023.
However, external factors, including demographic shifts and limited supply, are pushing apartment prices to new heights. Demand remains concentrated in the mid-range to high-end segments, particularly in integrated urban areas in the eastern and western regions of the city.
Looking ahead, experts expected the mid-range segment to continue driving supply, with 13,460 units from eight new projects and subsequent phases of two integrated urban developments in western Hanoi in the remaining of 2024./.
