VietNamNet Bridge – Despite economic crisis and the fall of the
estate market, prices for houses facing the street in Hanoi are towering,
averaging VND300-550 million ($15,000-25,000) per one square meter.
The real estate market has been
depressed for a long time, causing a drop of estate prices in Hanoi. However,
street-facing houses in Hanoi’s centers are still at very high prices.
These houses are advertised on
small ads websites at towering prices. The highest prices belong to houses in
Hoan Kiem district, with VND300-550 million per one square meter. A 50sq.m
house on Ngo Tat To street is offered for sale at VND17.5 billion ($870,000).
Another 50sq.m house on Ham Long street is advertised at VND29 billion ($1.4
million).
The prices in Ba Dinh District
are lower, averaging VND250-350 million ($12,000-17,000)/sq.m. A 40sq.m house
on Van Bao Street is offered for sale at VND16.2 billion ($800,000).
An estate transaction office on
Ma May Street, Hanoi, said that this office had performed several transactions
of street-facing houses in Hanoi though many houses of this kind were offered
for sale. It is very difficult to sell this category of houses because of their
“virtual prices.”
“Owners of facing-street houses
in the center offer prices that are much higher than the market prices, so it
is very difficult to bargain with them,” an estate broker said.
P. Linh
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