(Dan Tri) - Experts say that housing prices will not cool down this year due to the scarcity of supply. To buy a house at a reasonable price, people should choose suburban areas 15-20km from the city center.
Should I buy a house in 2025?
In 2024, the real estate market recorded strong growth in the apartment segment. According to a research unit's report, the primary selling price of apartments recorded a sharp increase, up 36% over the same period last year and 12% over the previous quarter. This is the highest increase recorded in the past 8 years in the Hanoi market.
The sudden increase in apartment prices has made many people wonder about buying an apartment in 2025.
Sharing this issue at the discussion "Real Estate in 2025 - Finding opportunities in challenges" organized by Dan Viet newspaper this morning (February 11), Mr. Tran Quang Trung, business development director at OneHousing, said that this is a very difficult question to answer directly.
Mr. Tran Quang Trung (Photo: Organizing Committee).
Data from this unit shows that in 2024, the Hanoi real estate market will be bustling with about 100,000 transactions. Meanwhile, the Ho Chi Minh City real estate market is slower, behind Hanoi. The survey results show that more than 50% of respondents said they want to buy real estate within the next year. About 35% of respondents want to buy real estate in the next 1-2 years.
The demand for real estate is divided into three basic groups: investment demand (accumulating real estate), demand for upgrading housing, and finally the demand for first-time home ownership. According to Mr. Trung, first-time home buyers should choose the appropriate segment based on their financial situation.
This expert gives an example of comparing apartment prices with car prices. Accordingly, people often think that car prices will decrease over time, but high-end cars like Lexus 570 do not decrease in price. In 2009, the price of this car was about 4 billion VND, but now it is about 8 billion VND.
Commenting on 2025, Mr. Trung said that supply has not improved, so waiting for housing prices to decrease will not be feasible. However, in 2026-2027 when supply improves, investors will find ways to attract customers and have promotional programs. He predicted that this will not happen this year.
Where to buy a house in Hanoi?
At the seminar, Mr. Le Van Binh, Deputy Director of the Department of Land, Ministry of Natural Resources and Environment, also explained the reasons why housing prices have been sky-high recently. Currently, the land fund in the center of Hanoi is very narrow, not diversified in products. Second, the problem of convenient transportation has not been solved.
"No one wants to spend 2-3 hours a day traveling from the suburbs to the inner city to study and work," Mr. Binh affirmed.
Mr. Le Van Binh, Deputy Director of the Department of Land, Ministry of Natural Resources and Environment, talks about the reasons for escalating housing prices (Photo: BTC).
He cited the past when many people flocked to an urban area in a suburban project to have a green life, close to nature, but then most people returned to the city center because it took too much time to travel.
To solve these problems, Mr. Binh suggested that the State needs to intervene to quickly develop more inner-city land or re-plan traffic to avoid congestion.
In addition, it is necessary to develop more satellite cities around Hanoi to spread the population from the center to the suburbs. From there, housing products in the center will no longer be scarce.
Mr. Binh also said that to answer the question of whether to buy a house or not, one needs to put oneself in the buyer's shoes. If one is an investor, the common mentality is to buy when the price is high. If one is a home buyer, one will wait for the house price to "cool down" and when it is within one's budget, one will immediately pay.
"I suggest that people with low and middle incomes should take advantage of buying a house about 15-20km away from the city center at the present time, which would be the most suitable answer," suggested the Deputy Director of the Department of Land, Ministry of Natural Resources and Environment.
Sharing the same opinion with Mr. Binh, Mr. Nguyen Van Dinh, Vice President of Vietnam Real Estate Association, President of Vietnam Real Estate Brokers Association, said that people should choose new urban areas with good infrastructure and traffic to buy houses.
Mr. Nguyen Van Dinh, Vice President of Vietnam Real Estate Association, President of Vietnam Real Estate Brokers Association (Photo: BTC).
Currently, Ho Chi Minh City and Hanoi are both promoting investment in connecting transport infrastructure. In addition, the travel time from Hai Phong or Nam Dinh to Hanoi only takes 1.5 hours. Mr. Dinh even said that it only takes 40 minutes to travel from Ha Nam to Hanoi. These localities are all starting to form large urban areas with convenient connecting infrastructure.
Source: https://dantri.com.vn/bat-dong-san/co-nen-xuong-tien-mua-chung-cu-tai-ha-noi-nam-nay-20250211132854405.htm
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