Identifying Factors Influencing Apartment Real Estate Prices in Hanoi
Abstract
During the period of urbanization and economic development, the demand for housing in major
cities like Hanoi has increased significantly. Apartments have become a popular type of housing, well-suited
to the modern lifestyles of a large segment of the population. In recent years, apartment prices in Hanoi
have risen rapidly. Within the scope of this study, the authors gathered insights from 23 experts working
in various real estate sectors, including brokerage, real estate market analysis, real estate investment and
development, and property valuation to identify the factors influencing apartment prices in Hanoi. In the
absence of considerations regarding changes in housing supply and demand, the researchers proposed 16
potential factors and collected expert opinions on each. Out of these, 14 factors were identified as having a
large and very large impact on apartment real estate prices, includes: the apartment’s position-distance from
the city center; the availability and quality of surrounding amenities and completion of apartment real estate;
the legal framework and ownership terms of the property; and the reputation of the investor.
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