Apartment price in Hanoi returned to the peak of 2011

The newly updated report of apartment price transaction index for apartment quarter III/2019 of Hanoi Department of Construction shows that Hanoi apartment price ground in nearly all districts has become about the peak of 2011.


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Specifically, compared to the original year of 2011, the average price level of mid-end and high-class apartments actually touched and slightly exceeded the peak level of 2011 from the beginning of the first quarter of 2018. Previously, in the fourth quarter of 2017, the average price level of the mid-end and high-end segment was only about 80-85% compared to the peak of 2011.


After skyrocketing at the end of 2017, the price level remained relatively stable, almost unchanged in the past 7 quarters, by the end of the third quarter of 2019.


According to Viet Duong