Vietnam continues to solidify its position as one of the top 10 best destinations in the world for expats, thanks to its stable economy, high safety standards, and appealing lifestyle. These factors have made Vietnam a favored location for work and settlement among international visitors, leading to a growing demand for apartment ownership in major cities like Hanoi and Ho Chi Minh City.
In the first half of 2024, over 1,000 apartments in Hanoi were sold to foreigners. Experts attribute this surge to several key factors, including competitive property prices, high investment potential, high-quality developments, and favorable policies that allow foreigners to own property in Vietnam.
The Rise of East Hanoi as a Prime Destination
East Hanoi has emerged as a hotspot for international buyers. The area boasts large-scale urban developments by leading investors, modern and synchronized infrastructure, low population density, and an upgraded transportation network. These features make it easy for residents to commute to Hanoi’s Old Quarter as well as neighboring industrial hubs such as Bac Ninh, Bac Giang, Dong Anh, and Hung Yen, which host numerous multinational corporations.
Adding to the appeal, the National Exhibition and Fair Center—a sprawling 90-hectare complex and one of the largest exhibition venues globally—began construction in August 2024. Scheduled for completion by July 2025, this landmark development is expected to drive economic growth in East Hanoi and further boost its real estate appeal.
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Hanoi’s Long Bien bridge
Long Bien: A Haven for Foreign Buyers
Long Bien District, in particular, has drawn significant interest from foreign buyers due to its lush green landscapes, open spaces, affordable property prices, and legally secure projects. These factors address the common legal complexities foreigners face when purchasing property in Vietnam, making Long Bien an attractive and hassle-free choice.
A Magnet for Investors
As demand from international buyers continues to grow, developers are increasingly focusing on projects tailored to meet the living standards and preferences of foreign residents. Among these, the Khai Son City project stands out. With its modern living spaces, diverse amenities, and prime location, it has quickly become a focal point for both buyers and investors seeking opportunities in Hanoi’s thriving real estate market.
With its growing global appeal and strategic developments, Hanoi’s real estate market is poised to remain a key destination for international buyers in the coming years.
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Source: Vietnam Insider