Hanoi real estate sales in the first quarter was the lowest in nine years

26/04/2018   Viewed: 783
With 580 homes traded in the first quarter, this is the lowest level in nine years, down 64% over the same period.
CBRE's research and consulting firm, CBRE's quarterly / quarterly report, said the housing market in Hanoi was down sharply.
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Specifically, in the quarter, new open source sales recorded with 450 units, from 3 projects. According to this unit, this is the lowest sales volume in the first quarter of the last two years. These projects are located in existing residential areas, thriving and a large number of them are adjacent houses adjacent to the crowded streets with great business potential.

In terms of sales, CBRE recorded over 580 units sold in the quarter. However, this is the lowest level in nine years, down 54% quarter-on-quarter and 64% year-on-year. Ha Dong and Hoang Mai sell the most in good location projects, reasonable prices or include new features such as indoor elevator.

CBRE's selling prices increased by 5.4% in the primary market but dropped 5% in the secondary market.

"This shows that the market has been stable in the first quarter, after two years of supply and demand continue to rise sharply," said CBRE.

Secondary prices in many projects in urban districts, especially completed projects have long been reduced. Meanwhile, some are being built and completed in the southwest and east again, thanks to the project's re-launch with positive progress.

In 2018, it is forecasted that the eastern and northern regions, which are relatively new to the market, will see growth thanks to the great potential of infrastructure development.

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