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Hanoi housing prices keep rising on low supply, inflation fears

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Buildings in Nam Tu Liem District, Hanoi. Photo by Shutterstock/Vietnam Stock Images

 

Housing prices in Hanoi rose the most in five years, driven up by limited supply and the specter of inflation.

 

According to leading property consultancy CBRE, the average price of a new apartment increased by 13 percent to US$1,655 per square meter. In the secondary market, it was up 9 percent at $1,278.

 

In Vietnam, housing has historically been a safe haven investment during times of high inflation.

 

Full Story: https://e.vnexpress.net/news/industries/hanoi-housing-prices-keep-rising-on-low-supply-inflation-fears-4449846.html

 

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-- © Copyright VN Express 2022-04-11

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