The old project stirred up the Northern real estate market

According to the online data of Batdongsan.com.vn, Hai Phong, Hung Yen and Vinh Phuc are the 3 Northern markets with clear growth in traffic in August 2019. Notably, the most sought-after projects in these markets are old projects, formed many years earlier.


Specifically, in July and August 2019, Hai Phong real estate ranked first in the Northern provinces in terms of search volume. Particularly in July 2019, Hai Phong real estate traffic increased sharply by 36% compared to June 2019. In August, the city of red phoenix flowers continues to hold the first place in terms of traffic. However, the level of user interest compared to July 2019 only increased by 8%, focusing on projects Vinhomes Imperia Hai Phong, Hoang Huy Pruksa Town, Anh Dung Urban Area.



Hai Phong, Hung Yen and Vinh Phuc are the three Northern markets with the growth in traffic compared to August 2019 compared to July 2019. Source: Batdongsan.com.vn


In addition to Hai Phong, Hung Yen and Vinh Phuc are also provinces that focus the heat of the Northern real estate market in August. Interest in these two markets increased by 22% and 11% respectively compared to July 2019. The most sought-after projects are Aquabay Sky Residences (Ecopark, Hung Yen) and Flamingo Dai Lai (Vinh Phuc). Meanwhile, Quang Ninh and Bac Ninh - two provinces and cities that have always been in the "hot spots" of the Northern market in recent years, have had almost the same number of searches as last month, with no significant changes.


Notably, all three provinces receiving the attention of the users mentioned above are the markets with many new projects launched over time such as The Minato Residence (Hai Phong), The City Light (Vinh Phuc), Pho Noi House (Hung Yen)... However, these projects, despite strong media and advertising, but users still focus on looking for old projects that have been open for sale for a long time.


A representative of an exchange in Cau Giay distributing products of the provincial market said that new projects are in the process of approaching users, while the old projects have been put into operation for many years, creating Reputation, brand, proof of investment efficiency or quality of life should be more interested by investors and real buyers.


According to Bach Cuc