Property prices in Hanoi increased by 0.03 points in the third quarter compared with the previous three-month period, and by 6 points year-on-year according to the latest research from real estate firm Savills in its Residential Index Research report for November.
The quarter-on-base (QoB) Index was 92 points, down -2 pts compared with Q2/2015. The inventory ratio declined sharply -11 ppts quarter-on-quarter and -7 ppts year-on-year due to continued strong performance.
The average primary price was VND 26 million per sqm, an increase of 6 percent quarter-on-quarter and down -2 percent year-on-year mainly due to the majority of new launches being of Grade ‘B’ that had higher than average prices, noted Savills.
The average secondary / resales price decreased -2.3% quarter-on-quarter due to the decline in greater than 50 percent of secondary market projects.
Ba Dinh saw the highest average asking prices, followed by Dong Da and Hai Ba Trung, according to the real estate firm.
To real the latest Savills Residential Research Report for Hanoi click here.
