In the current real estate market, the diversity of supply is a great advantage. This gives people more options to solve their housing problems. Renting a whole house in Hanoi is increasingly welcomed by the market. Join mogi.vn to review the information related to renting a whole house in Hanoi today.
Renting a house in Hanoi – an impact factor
According to statistics of the Ministry of Planning and Investment, as of December 20, 2019, realized FDI capital reached 20.38 billion USD. This number increased by 6.7% compared to 2018. The whole country has 60 provinces and cities with new FDI projects. Hanoi capital ranked first with 8.3 billion USD, Ho Chi Minh City ranked second with 7 billion USD. The next position is Binh Duong, Dong Nai, Bac Ninh…
Housing supply increases
As analyzed above, FDI inflows into Vietnam are quite strong. Current world situation: after the pandemic, China’s economy suffered heavy losses. The Sino-American trade war takes place. Production facilities located in China have been relocated to Vietnam and neighboring countries. Along with that is the demand for housing for foreign experts and engineers.
Hanoi’s population in the past 10 years has increased by 1.6 million people, especially in the inner city area, it has increased by over 1.3 million people. Most of it is a mechanical increase from immigrants. Up to 32 wards and communes in Hanoi have immigrants accounting for over 30% of the population of that ward or commune. Residential needs of the population to do great.
Hanoi has a large concentration of universities and is the cultural, political and educational center of the country. Every year the city welcomes a number of students, students come to study. From the diverse housing needs, the types of rental housing also develop accordingly.
Many investors exploit this potential market. In the year 2019 – 2020, many apartments will be handed over.
Diverse types of housing to serve many needs
Serviced apartments for foreign experts and engineers are chosen by many investors. From 2020 to 2022, the number of apartments handed over in the market is very large. This is also a suggestion for guests who want to buy a house that can use rental houses. Abundant supply contributes to creating a healthy competitive environment and attractive prices for tenants.
The single-family home market is chosen by many families. Hostels and rooms for students.
The segment of renting kiosks, shops, and factories has experienced many fluctuations due to the impact of the epidemic. During the epidemic, many kiosk stores closed, business activities stalled. This segment is volatile.
The investment apartment segment is chosen by many investors. The apartments with the advantage of location, internal and external infrastructure will be a good profitable investment.
Renting a whole house in Hanoi the advantages
Renting a whole house in Hanoi is the first advantage to ensure the privacy of tenants. You don’t have to depend on anyone’s time management. Compared with the inn, the landlord often manages the time, distributes the key to the entrance. You can take the initiative in life, not limited by the rules of the inn or the landlord.
The next advantage is renting a private house, ensuring living space for you, especially families with two generations or more. The living conditions are more complete and suitable. You will feel close to home.
In addition, renting a whole house, some points in crowded residential areas you can do more business. Renting a private house, the price of electricity and water is usually calculated according to the household, not subject to high prices like motels and rooms. If you use it sparingly, your electricity and water bills will be much lower than yours in a hostel.
What is the price for renting a whole house in Hanoi?
According to statistics, in the second quarter of 2020, the level of interest in looking for private houses and townhouses in the two big cities of Hanoi and Ho Chi Minh City increased sharply compared to the first quarter. The level of interest in townhouses increased by 35%, the level Interest in private homes increased by 22%. Meanwhile, in Hanoi, the volume of news for sale of townhouses increased by 14%, and private houses by 18%. The level of interest and news is strongly concentrated in the following districts: Ha Dong, Long Bien, Dong Da, Hoang Mai, and Thanh Xuan.
Due to the impact of the epidemic, the rental price of street houses in Hanoi decreased by up to 7% in Thanh Xuan district. The remaining districts such as Cau Giay, Dong Da and Hai Ba Trung decreased by 2-4%. Meanwhile in Ho Chi Minh City down 16%, typically District 1, Binh Thanh District down 14%, Tan Phu 15%.
Similarly, rental prices for private houses decreased by 12% for the research results in Hoang Mai district, Hanoi and District 1, HCMC. The asking prices of these products also showed signs of decreasing, but by a small margin, about 1% compared to the previous quarter.
The Covid-19 epidemic affects the business situation of the whole Vietnamese economy. In which, the whole house rental market was affected, and rental prices decreased. The fear of the epidemic returning to the outbreak caused many business people to pay the ground. Those who lost their jobs were forced to choose cheaper housing to reduce the cost of living.
Find houses for rent in Hanoi quickly nhanh
Rent a house in Hanoi cheap
Ba Dinh district
House for rent by owner, frontage of Doi Nhan street, area ~40m2x 3.5 floors. The lane is wide, 2 cars avoid each other, people have high knowledge, good security, near school, market, hospital. House suitable for household or business, long-term rental, rental price 12.5 million/month
House for rent at 22 lane 139 Nguyen Thai Hoc, near Temple of Literature. Area 40 m2 x 5 floors, modern design fully furnished, university, NL, bed, wardrobe, dining table, living room table and chairs.
First floor kitchen and dining room. 2nd floor living room. The 3rd and 4th floors are bedrooms. 5th floor children’s playroom and drying yard. East facing house. The alley is 2m wide, 20m from the road surface. Rental price 16 million/month.
Cau Giay District
Whole house for rent with 6 floors, floor area 40m2, 4 bedrooms, 4 bathrooms, fully furnished with beds, cabinets, kitchen cabinets, induction cooker, air conditioner, hot and cold. Each room has an area of 30 m2, 4 m frontage, car entrance. Rental price with electrical appliances: TV, washing machine, refrigerator, microwave, oven + internet for 1 year is 18 million/month.
Thanh Xuan district
The owner rents a house on Nguyen Quy Duc street, Thanh Xuan Bac ward, Thanh Xuan. Floor area 52 m2 x 2 floors, MT 4m, golden location for business in the area, convenient to open shops and trade. Wide 2-way street, car parking. Negotiable price.
House for rent for company office or warehouse, land area 80m2, construction 70m2x 2 floors = 140m2, yard for car-motorcycle, price 13 million/month, address: 53 lane 69A Hoang Van Thai, Khuong Mai ward, Thanh Xuan district.
Hoang Mai District
House for rent level 4 to live in, area 30m2, Army group 10 Phap Van, Hong Liet, Hoang Mai, Hanoi. Wide road for cars to park, self-contained toilets, electricity and water bill payment
The article summarizes the situation of renting houses in Hanoi. This segment is also affected by the epidemic. However, investors still appreciate Hanoi’s whole house rental segment. This will be a trend to meet the housing needs of households and people who want to stay in the capital and start a business before owning an expensive house here.
See more information below:
- Renting a house in Hanoi: What should you pay attention to?