Hanoi, Vietnam
Property prices · 2024 · Asia
Property price trend in Hanoi (2024–2026)
Property comparison — cities in Vietnam (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Hanoi |
|---|---|---|---|---|
| Hanoi | VND 85,000,000 | VND 58,000,000 | VND 12,000,000 | — |
| Ho Chi Minh City | VND 85,000,000 | VND 50,000,000 | VND 12,000,000 | 0% |
| Da Nang | VND 55,000,000 | VND 38,000,000 | VND 8,000,000 | -35.3% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Hanoi in 2024?
In Hanoi, the average price per sqm in the city centre is VND 85,000,000, and VND 58,000,000 outside the centre (2024 data). Prices have risen 14% since 2024.
How much is rent in Hanoi in 2024?
A 1-bedroom apartment in Hanoi rents for approximately VND 12,000,000 per month in 2024. A 3-bedroom apartment costs around VND 19,000,000/month.
Is it better to buy or rent in Hanoi?
Renting is generally more cost-effective in Hanoi. The price-to-rent ratio is 35.0x — it would take approximately 35.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 9.50%.
What are mortgage rates in Vietnam in 2024?
The average mortgage rate in Vietnam is approximately 9.50% as of 2024. With a price-to-rent ratio of 35.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Hanoi?
The average property price per square metre in Hanoi city centre is VND 85,000,000 in 2024. Outside the centre, expect to pay around VND 58,000,000/sqm.