Hanoi real estate market in 2023 saw the lowest sales in the villa and townhouse segment in the past 10 years, but selling prices of the villa and townhouse segment in Hanoi continued to increase strongly.

The Hanoi real estate sector has seen dynamic activity in Q3/2023.

Hanoi's increased housing supply in the third quarter of 2023 compared to the previous quarter did not improve the city's cumulative total supply in the first nine months of the year.

Synchronous development of transport infrastructure and abundant land in the east of Hanoi will attract investors, although the city's whole real estate market has gloomy forecasts for development, according to experts.

Nestled in an idyllic location renowned for its picturesque landscapes and auspicious feng shui, Tay Ho (West Lake) area has long been hailed as the crown jewel of real estate investment opportunities in Hanoi.

About 103,000 new apartments in the city are estimated available for sale from the last quarter of 2022 to 2025.