The Hanoi property market is expected to recover strongly this year thanks to positive performance in the housing segment in the first quarter (Q1), according to experts.
Office rents rising in 2020? Positive GDP growth during a global health crisis? Seems unimaginable, unless you live in Vietnam. The country’s list of feats this past year has been remarkable given the current health and economic hardships across the world.
Housing prices are rising faster in Hanoi’s outer districts than in areas closer to downtown, thanks to improved connectivity. Average prices in districts like Gia Lam and Nam Tu Liem rose 1.3 percent in the last quarter to $1,473 per square meter, and at 0.7 percent in central districts, according to a recent report by real estate consultancy Jones Lang LaSalle (JLL).
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