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My CasaThe Global-Property.Investments website features over 1 listings of properties in Hanoi, Vietnam directly from developers and real estate agencies. Use the search filters to choose a property on your own. Alternatively, you can leave your contact information on the website and a specialist will call you back to answer all your questions and help you find apartments and houses according to your preferences.
- Average sales price: USD 204,000
- Average market price per square metre: USD 4,700
- Minimum cost of property in Hanoi: USD 238000
- Cost of the most expensive property: USD 781,200
Over the past year, the average price has increased by 2.35%
- Minimum area: 55 m2
- Average size: 80 to 200 m2
- Maximum area: 1,800 m2
The capital of Vietnam boasts several attractive districts, each offering its unique advantages. Among the most popular locations are:
- Ba Dinh, home to government offices, embassies and historical and cultural attractions;
- Tay Ho, is characterised by its picturesque lakes and parks, making it an ideal choice for those seeking tranquillity and proximity to nature;
- Hoan Kiem, situated in the historic part of the city, renowned for its old quarter, bustling streets and wide range of shops and restaurants;
- Nam Tu Liem, featuring new projects from developers.
As per the legislation, foreign nationals have the right to purchase real estate; however, this does not guarantee obtaining a long-term visa. To become eligible for such a visa, consider the following options: employment in a local company, enrollment in a university, establishing a business, investing in the economy or marrying a citizen of the country.
Property in Hanoi
Hanoi, the capital of Vietnam, stands as the political and cultural centre of the country. The city comprises 12 districts, each offering properties across various price categories for sale. The following options are available:
- Condos and apartments in Vietnam are widely regarded as the most popular types of housing, particularly among young people and expatriates. Apartments span from budget-friendly to luxury options, boasting a full range of amenities such as security, pools, fitness centres and playgrounds, often found in new residential complexes;
- Villas and townhouses are situated across various districts, including suburbs. offering more spacious layouts and may feature private gardens, pools and other amenities. These properties are particularly appealing to families seeking comfort and privacy;
- Penthouses are exclusive options occupying the top floors of buildings. They belong to the category of sky villas and may be supplemented with private terraces, gyms and Jacuzzis.
Currently, new quarters such as Ciputra and Trung Hoa Nhan Chinh are being constructed. Alongside completed projects in the city, several apartment buildings are also being constructed. These residential complexes will feature sports centres, parking lots, playgrounds and green areas.
Foreign nationals are offered the opportunity to select property for sale in Hanoi under leasehold terms. The leasehold property right entails a 50-year term of use with the option of subsequent contract renewal. Owners retain all key rights, including leasing, selling, donating and inheriting the property.
The acquisition of properties is permitted with certain restrictions: within one building, foreigners can own no more than 30% of the total number of apartments and the quota for the district is limited to not more than 250 units.
Reasons for investing in property in Hanoi
Buying investment real estate in Hanoi offers several advantages. The city has emerged as one of the fastest-growing metropolises in the region, ensuring a steady demand from both local and foreign investors. Economic growth has led to increased incomes among the population and the need for quality homes and apartments. The country's government has been actively working to improve the investment climate, including allowing foreigners to purchase property in Vietnam under leasehold terms since 2014.
The most popular strategy for generating stable income is renting to tenants, especially expatriates, students and tourists. The average rental of property prices in Hanoi reaches USD 560 and varies depending on the districts. The most expensive options are situated in the city centre, Ba Dinh, Tay Ho and Hoan Kiem. More affordable properties are found in Long Bien, Hai Ba Trung and Dong Da.
The average prices of real estate in Hanoi, Vietnam, for monthly rentals are:
- USD 615 for a studio
- USD 560 for a one-bedroom property
- USD 2,530 for a home with two bedrooms
- USD 2,100 for a property with three bedrooms
- USD 1,030 for a property with four bedrooms.
As per data for the first quarter of 2024, the return on investment is 3.84% per year, although this figure may vary from 4 to 7% annually.
The cost of properties is on the rise, making them profitable for resale. In the capital, the average price of apartments increased by 16.1% in the first quarter of the previous year, while condominiums appreciated by 15% by the end of the same year.
Buying real estate in Hanoi
The Global-Property.Investments aggregator offers condos, apartments and villas in Vietnam directly from sellers. The catalogue features projects from trusted developers and agencies in the most sought-after districts of the city. Utilise search filters by type, number of bedrooms, location and amenities, as well as a converter that automatically converts the sale amount into different currencies. Leave your contact information on the website and a broker will assist you in choosing housing per your requirements and budget, ensuring you find the best properties in Hanoi for investment.