Vietnam’s property market has experienced significant growth over the years, drawing the interest of both local and foreign investors. The country’s thriving economy, combined with a growing influx of foreign investment, has led to a rise in Vietnam house prices, especially in urban areas. This article will explore the current average property prices in popular Vietnamese cities, the factors affecting these prices, trends for foreign buyers, and additional costs that buyers should take into account.
Average house prices in popular Vietnamese cities
Vietnam’s real estate market offers various property types, from affordable housing in smaller cities to luxury apartments in major urban centers. Here’s a look at the average house prices in some of the most sought-after locations in Vietnam.
Ho Chi Minh City
Ho Chi Minh City (HCMC) remains one of Vietnam’s most vibrant real estate markets. Currently, the median list price for houses in Ho Chi Minh is ₫ 4.3 billion ($171,800), with prices remaining stable over the past year, showing no significant change. The median price per square meter for houses is ₫ 171.37 million ($6,855), making it one of the most expensive cities in the country. Investors can also benefit from a gross rental yield of 20.5% on houses, indicating strong rental demand in the city.
The median list price for condos is ₫ 4.3 billion ($171,800), with an average price per square meter of around ₫ 86.22 million ($3,449). Despite stable prices, condos offer a solid investment option with a gross rental yield of 8.3%, especially for those looking to target the rental market.
Townhouses in Ho Chi Minh City offer a more affordable alternative. The median list price per square meter for townhouses is ₫ 68.48 million ($2,739), with an overall median list price of ₫ 4.3 billion ($171,800). Townhouses also present attractive rental prospects, with a monthly median rent price of ₫ 45.24 million ($1,810).
| Type | Average price | Average price/sqm. | Median rent price |
|---|---|---|---|
| House | ₫ 4.3 billion ($171,800) | ₫ 171.37 million ($6,855) | ₫ 73.43 million ($2,937) |
| Condo | ₫ 4.3 billion ($171,800) | ₫ 86.22 million ($3,449) | ₫ 29.72 million ($1,189) |
| Townhouse | ₫ 4.3 billion ($171,800) | ₫ 68.48 million ($2,739) | ₫ 45.24 million ($1,810) |
Ha Noi
In Ha Noi, the real estate market remains stable, with house prices staying the same. The median list price for houses in Ha Noi is ₫ 4.19 billion ($167,560), showing no change over the past year. The median house price per square meter is ₫ 102.91 million ($4,116). For investors interested in the rental market, Ha Noi offers a median rent price of ₫ 48.72 million ($1,949) for houses, making it an attractive option for rental income.
Condos in Hanoi are more affordable than houses. The median list price for condos is ₫ 3.23 billion ($129,200), with the price per square meter averaging ₫ 41.78 million ($1,671). The condo market has also seen no price increase over the last year. The median rent price for condos is ₫ 11.52 million ($461), offering lower rental returns than houses but still providing consistent investment opportunities.
In Ha Noi, townhouses have a higher price per square meter compared to houses and condos, with a median list price of ₫ 124.7 million ($4,988) per square meter. The median list price for townhouses is ₫ 4.3 billion ($171,800), and the median rent price is ₫ 28.65 million ($1,146) per month. This makes townhouses a premium choice for those seeking higher-end properties in the capital.
| Type | Average price | Average price/sqm. | Median rent price |
|---|---|---|---|
| House | ₫ 4.19 billion ($167,560) | ₫ 102.91 million ($4,116) | ₫ 48.72 million ($1,949) |
| Condo | ₫ 3.23 billion ($129,200) | ₫ 41.78 million ($1,671) | ₫ 11.52 million ($461) |
| Townhouse | ₫ 4.3 billion ($171,800) | ₫ 124.7 million ($4,988) | ₫ 28.65 million ($1,146) |
Da Nang
Da Nang, a popular coastal city, has become an attractive destination for local and foreign property investors. The median list price for houses in Da Nang is ₫ 4.3 billion ($171,800), with the price per square meter at ₫ 96.24 million ($3,850). Investors aiming to generate rental income can expect a median rent price of ₫ 22.43 million ($897) for houses, making it a competitive market for both buyers and renters.
For anyone interested in townhouses, the median list price is ₫ 3.91 billion ($156,480), with no price change over the last year. The average price per square meter for townhouses is ₫ 30.07 million ($1,203), and the median rent price is ₫ 19.01 million ($761) per month. This makes townhouses an attractive option for rental yields in this growing market.
The median list price for condos in Da Nang is ₫ 3.89 billion ($155,760), and prices have remained stable over the past year. The median price per square meter for condos is ₫ 66.6 million ($2,664), and the median rent price is ₫ 11.21 million ($448). This makes condos a good option for investors looking for affordable rental properties with steady demand.
| Type | Average price | Average price/sqm. | Median rent price |
|---|---|---|---|
| House | ₫ 4.3 billion ($171,800) | ₫ 96.24 million ($3,850) | ₫ 22.43 million ($897) |
| Condo | ₫ 3.89 billion ($155,760) | ₫ 66.6 million ($2,664) | ₫ 11.21 million ($448) |
| Townhouse | ₫ 3.91 billion ($156,480) | ₫ 30.07 million ($1,203) | ₫ 19.01 million ($761) |
Quang Nam
Quang Nam, although less famous than Vietnam’s major cities, is becoming an attractive destination for property investment, especially due to its proximity to popular tourist areas like Hoi An. The median list price for houses in Quang Nam is ₫ 4.3 billion ($171,800), with the price per square meter averaging ₫ 73.37 million ($2,935). This relatively affordable pricing makes Quang Nam a promising option for those looking for lower-cost investments than larger cities.
For condominiums, the median list price is ₫ 2.29 billion ($91,520), with no significant price change over the past year. The median price per square meter for condos is ₫ 45.7 million ($1,828), providing a more budget-friendly option for those who want to buy a house in Vietnam.
Apartments in Quang Nam are gaining popularity, with a median list price of ₫ 3.13 billion ($125,080) and a price per square meter of ₫ 49.73 million ($1,989). These prices position apartments as a mid-range investment option, making them attractive to buyers looking for residential or rental properties in this growing region.
| Type | Average price | Average price/sqm. | Median rent price |
|---|---|---|---|
| House | ₫ 4.3 billion ($171,800) | ₫ 73.37 million ($2,935) | – |
| Condo | ₫ 2.29 billion ($91,520) | ₫ 45.7 million ($1,828) | – |
| Apartment | ₫ 3.13 billion ($125,080) | ₫ 49.73 million ($1,989) | – |
Nha Trang
“Nha Trang is a well-known coastal city that is a popular choice for property investment due to its flourishing tourism industry. The median list price for houses in Nha Trang is ₫ 4.2 billion ($167,880), with an average price per square meter of ₫ 40.69 million ($1,627). These prices provide investors with an opportunity to enter the market at relatively moderate rates compared to other major Vietnamese cities.”
The median list price for condos in Nha Trang is ₫ 4.02 billion ($160,920), with a price per square meter of ₫ 62.49 million ($2,500). Despite a 0.0% change over the past year, condos remain a popular choice for those looking to capitalize on rental income from the city’s high tourist demand.
For individuals looking for more budget-friendly choices, apartments in Nha Trang have a median list price of ₫ 1.85 billion ($73,840), with a price per square meter of ₫ 38.58 million ($1,543). This sector has remained stable, with no price changes over the past year, making it an attractive investment opportunity for buyers who want to take advantage of the increasing demand for residential properties.
| Type | Average price | Average price/sqm. | Median rent price |
|---|---|---|---|
| House | ₫ 4.2 billion ($167,880) | ₫ 40.69 million ($1,627) | – |
| Condo | ₫ 4.02 billion ($160,920) | ₫ 62.49 million ($2,500) | – |
| Townhouse | ₫ 1.85 billion ($73,840) | ₫ 38.58 million ($1,543) | – |
Factors influencing house prices in Vietnam
Several factors impact house prices in Vietnam, especially in highly sought-after cities.
- Location: Properties located in the city center or near tourist destinations tend to be more expensive compared to those in suburban or rural areas.
- Property type: Condominiums in high-demand areas typically carry higher price tags compared to landed houses or villas, especially in tourist cities such as Da Nang and Phu Quoc.
- Economic growth and foreign investment: Vietnam is experiencing rapid economic growth and increasing foreign direct investment (FDI), leading to escalating property prices, especially in HCMC and Ha Noi.
- Infrastructure development: Ongoing infrastructure projects, such as metro lines in HCMC and new airports in Phu Quoc, contribute to the increase in property values in nearby areas.
Property price trends for foreign buyers
Vietnam’s real estate market is still appealing to foreign buyers, with different price trends in major cities. In Ho Chi Minh City and Hanoi, house and condo prices are stable, with median list prices around ₫ 4.3 billion ($171,800) in HCMC and ₫ 4.19 billion ($167,560) billion in Hanoi for houses. Both cities offer high rental yields, but HCMC stands out with a 20.5% gross rental yield for houses, making it an excellent location for rental income. In Hanoi, townhouses are in high demand, with prices per square meter reaching ₫ 124.7 million ($4,988).
Coastal cities such as Da Nang and Nha Trang provide more affordable housing options, with median prices for houses ranging from ₫ 4.2 billion ($167,880) to ₫ 4.3 billion ($171,800). Da Nang’s townhouses and condos offer lower price points, making it a promising choice for buyers looking for a balance between affordability and rental income, especially with a thriving tourist market. Similarly, Quang Nam remains an emerging market with lower entry prices, offering growth potential for investors interested in long-term capital appreciation.
Vietnam’s property market is known for its stable prices in major cities and increasing opportunities in coastal and emerging areas. Foreign buyers can benefit from attractive rental yields in urban centers, while more affordable regions like Quang Nam and Da Nang offer potential for capital growth as infrastructure development accelerates.
Other costs to consider
When purchasing a property in Vietnam, it’s essential to consider additional expenses beyond the purchase price, such as property taxes and extra fees:
- Taxes and fees (stamp duty, registration fees): Buyers in Vietnam are required to pay stamp duty, typically 0.5% of the property value, and registration fees when purchasing property.
- Maintenance costs and management fees (if applicable): For those purchasing apartments or condos, regular maintenance and management fees are applicable. These fees vary depending on the size and type of the property.
- Legal fees for foreign buyers: Foreign buyers may need to hire a lawyer to navigate Vietnam’s property laws, which can increase the overall cost of purchasing real estate.
How we can help you buy property in Vietnam
At Own Property Abroad, we provide expert guidance throughout the entire process of purchasing real estate in Vietnam. Whether you’re looking for a modern apartment in Ho Chi Minh City or a beachfront villa in Nha Trang, our team is here to support you every step of the way. We connect you with reliable agents, handle the legal paperwork, and ensure you understand the local property regulations. If you prefer personalized advice, feel free to email us directly at [email protected], and we’ll get back to you with tailored recommendations for your needs.
Frequently Asked Questions (FAQs)
What are the average house prices in major cities like Ho Chi Minh City and Hanoi?
The average house price in Ho Chi Minh City is around ₫ 4.3 billion ($171,800), with a price per square meter of ₫ 171.37 million ($6,855). In Hanoi, the average house price is approximately ₫ 4.19 billion ($167,560), with a price per square meter of ₫ 102.91 million ($4,116).
Are house prices in Vietnam higher for foreigners than for locals?
Yes, house prices in Vietnam can be higher for foreigners due to foreign ownership quotas, which limit the percentage of properties non-citizens can buy in certain areas. This restriction often increases demand and raises prices for available units.
What additional costs should I consider when buying a house in Vietnam?
When buying a house in Vietnam, consider additional costs such as stamp duty (around 0.5%), registration fees, maintenance fees (for condos), and legal fees, especially for navigating foreign ownership regulations.
What factors influence house prices in Vietnam?
House prices in Vietnam are influenced by factors such as location (urban vs. rural), property type (houses, condos, villas), economic growth, foreign investment, and infrastructure development like new metro lines, roads, and airports.
How much is an apartment in Vietnam?
The price of an apartment in Vietnam varies by city. In Ho Chi Minh City, the median list price for an apartment is around ₫ 4.02 billion ($160,920), while in Nha Trang, it’s ₫ 1.85 billion ($73,840). Prices can fluctuate based on location and property type.
