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2017 Real Estate Search Trends: Houses, land plots have been developed

Interest in real estate types in Hanoi and HCM in 2017.

According to the 2017 real estate market report, residential and residential land has the highest searches. At the same time, people seek real estate in 2017 more than in 2015 and higher than last year.

Specifically, according to research findings reported on the behavior of information searchers on real estate on the website “batdongsan.com.vn”, home is the most searched segment with 60 million views in 2017 .

Land plots and houses are the most searched segment in 2017.
Land plots and houses are the most searched segment in 2017.

Followed by residential land with nearly 50 million searches; Apartment is ranked third with 46 million, while villas, adjoining products are searched less than 15 million.

In Hanoi, apartments are the most popular products, accounting for 38% of searches. Followed by private houses (27%), residential land (19%), villas, adjoining houses (7%) and street houses (6%).

Meanwhile, in the city, The level of interest in the type of home is the most with 37% of the search. The next rankings are apartment (23%), residential land (17%), street side (12%) and land (8%).

Interest in real estate types in Hanoi and HCM in 2017.
Interest in real estate types in Hanoi and HCM in 2017.

Considering the apartment segment, the report of batdongsan.com.vn said the medium segment was most interested, accounting for 54% of the total searches in Hanoi and 44% in HCMC.

The next segment is cheap, proportion in Hanoi and HCMC respectively is 32% and 36% respectively.

In the segment of luxury apartments there are very few people interested (in Hanoi is 14%, Ho Chi Minh City is 20%).

The mid-end segment was the most popular
The mid-end segment was the most popular, accounting for 54% of all searches in Hanoi and 44% in Ho Chi Minh City in 2017.

The report of batdongsan.com.vn also revealed interesting information about the searcher. Specifically, the 25-34 age group is the highest in the search for real estate (52%). The age group between the ages of 18 and 24 (24%), 35-44 years (9%), 45-54 years (7%), 55-64 years (6%) …

Real estate men are more interested in real estate than men, with 52% / 48%.

Ho Chi Minh City has the most people search information related to real estate with 48.3%, followed by Hanoi with 27.2% and Da Nang only 4.2%.

Explain the differences in the degree of concern about the type of real estate between Hanoi and Ho Chi Minh City. HCM, talking with VietnamFinance, Nguyen Van Duc – Deputy Director of Dat Lanh Real Estate Company, said that due to two factors.

The first is that the land in the South is much and still cheap, the South prefer to stay in private houses than apartments. “The evidence is that from Long An down there are not many apartments are living in. Most residents are not in the city center in the coastal areas such as Long An, Dong Nai, Binh Duong. I prefer to stay in a separate house, do not like living in the apartment, “he said.

Second is the difference between regional characteristics, according to statistics Hanoi has more than 10% of residents in the apartment, while in Hanoi. HCM only 5%. This shows that the Hanoi people are not very interested in the city but prefer to stay in the apartment more. Therefore, the demand for apartment search will be more here, and the city. The level of home interest will be more

On the same point, Nguyen Van Dinh – Vice President of Vietnam Real Estate Association, also said that the culture, habits, investment real estate in the region between two different cities is the cause for the different search trends. In particular, Hanoians tend to invest in apartments higher than HCMC.

“Ha Noi people have a habit of investing in the region, especially to invest in real estate in Ho Chi Minh City, and the people of Ho Chi Minh City tend to invest less and only invest in the neighboring areas. “said Mr.Dinh.

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2017 Real Estate Search Trends: Houses, land plots have been developed
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