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My Hanoi Home
Tan Long HomesThe aggregator Global Properties has compiled over 157 advertisements for apartments and condominiums. Here, potential buyers can familiarise themselves with apartment prices in Hanoi and details on area, location, number of bedrooms and additional amenities. You can select accommodation directly from developers and real estate agencies. Feel free to explore the options independently or leave your contact information on the website to be contacted by an agent.
- The average selling price is USD 152,000.
- The average price per square metre is USD 1,750.
- The minimum cost of an apartment in Hanoi is USD 265.
- The cost of the most expensive residence is USD 781,200.
Over the past year, the average price has increased by 2.35%.
| Bedrooms | Minimum Price (in USD) | Average Price (in USD) |
|---|---|---|
| Studio | 56,000 | 138,500 |
| 1 bedroom | 41,000 | 76,000 |
| 2 bedrooms | 44,000 | 126,500 |
| 3 bedrooms | 136,000 | 213,500 |
| 4 bedrooms | 237,000 | 310,500 |
- Minimum area: 30 m2
- Average area: 50 to 150 m2
- Largest area: 267 m2
As per current legislation, foreigners can own real estate under leasehold terms; however, this alone does not directly provide an opportunity to obtain a residence permit. Various avenues exist to secure a long-term visa, including employment in a Vietnamese company, enrolment in a university, establishing a business, investing in the country's economy or marrying a Vietnamese citizen.
Apartments for sale in Hanoi
Condominiums and apartments represent the capital's most sought-after types of real estate. Studios and apartments with one to five bedrooms are offered in various layouts. Most residences are furnished and equipped with air conditioning. Additionally, some properties boast balconies or terraces. A limited collection of penthouses is available for purchase, featuring two to four bedrooms and renowned for their panoramic views of the surroundings.
Housing options are available in both existing buildings and new developments. Due to the high demand for apartments in Vietnam, new residential complexes are actively being designed.
Buyers are increasingly drawn to luxury complexes, which often boast well-thought-out public. spaces. These may include pools for both adults and children, playgrounds, saunas, gyms, lobbies and parking lots. Additionally, residential complexes typically offer round-the-clock video surveillance and security.
The cost of flats for sale in Hanoi per square metre varies depending on the location. In the city centre, this indicator averages USD 2,530, while outside the centre, it’s around USD 1,250. The most expensive areas for buying property are Tay Ho, Ba Dinh and Hoan Kiem. More affordable housing can be found in Dong Da, Hai Ba Trung, Long Bien and Thanh Xuan.
Since 2014, foreigners have been permitted to own property in Vietnam under leasehold terms, which typically involves a lease of 50 years with the option for extension. Any type of visa is sufficient to make a purchase. Owners can freely dispose of real estate, including selling, renting out and transferring through inheritance.
The number of properties that can be purchased in the country is not limited. However, in a multi-apartment building, foreign investors can own no more than 10% of the entire residential complex and 30% of the individual apartments. For condo projects, ownership is capped at 30% of residential units and 10% of land plot properties.
Reasons for investing in an apartment in Hanoi
Vietnam has emerged as a promising Asian market for investment, thanks to its developing economy, large tourist influx and ongoing construction of new buildings. The capital is the second most populous city, where infrastructure is well-developed, including an international airport, numerous offices and business centres, as well as landmarks.
Owners can profitably buy apartments in Hanoi for investment. The most popular strategy for generating stable passive income from real estate in Vietnam is through rental. Apartments attract expatriates and students for long-term stays, as well as tourists visiting the country for vacation.
Rental prices for apartments and flats in Hanoi, Vietnam, per month start at:
- 250 for studios
- 230 for 1-bedroom units
- 260 for 2-bedroom apartments
- 300 for 3-bedroom apartments
- 600 for 4-bedroom residences
- 1,300 for 5-bedroom apartments.
The cost depends on the quality of construction materials, area, amenities in the complex and proximity to infrastructure and landmarks. In the city, the return on investment varies from 4 to 7% annually. This indicator can increase in new projects with enhanced comforts.
Those opting to buy a flat in Hanoi can select buildings at the construction stage, where housing is typically 10–30% cheaper compared to finished ones. New complexes are often equipped with exclusive amenities, attracting affluent tenants.
Residences in the capital are experiencing appreciation. For instance, the price of condominiums increased by 15% last year, while apartments rose by 16.1% in the first quarter of the same period. This indicates strong demand for the market among local and foreign investors. Consequently, in the future, the property can be resold at a higher profit due to its increased value.
Buying an apartment in Hanoi
The Global Properties website features apartments, condos and villas in Vietnam from reliable developers and agencies. The catalogue encompasses exclusive projects situated in the most popular areas of the capital. Utilise convenient filters to search by housing type, number of bedrooms, proximity to the sea and available amenities. The aggregator provides a converter for easily converting prices into different currencies. Leave your contact information on the website and a broker will assist you in finding an apartment for sale in Hanoi that aligns with your preferences and financial capabilities.