Hanoi real estate market — prices, rental yield and trend

• Average price: $5,214 / m²
• Gross rental yield: 1.89%
• 12-month price change (USD): 26.2%
• Net rental yield: 1.7%
• Transaction cost: 4.8%
• Bubble-risk band: high
• Price basis: local-market average

Hanoi is one of the faster-moving markets Glopra tracks: the average residential square metre now costs $5,214, +26.2% in dollar terms over the last twelve months. That makes it the 69th most expensive of the 264 markets in the set.

What a buyer pays in Hanoi

The $5,214 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 4.8% of the price here. On a 100 m² apartment at the average price that is roughly $25,025 on top of the $521,360 purchase price. That is below the 9.5% median across the set, which shortens the time it takes for a purchase to break even. Against the Vietnam national average of $3,687, Hanoi carries a 41.4% premium — the gap between this market and the country as a whole. Among the other Vietnam markets we track, Ho Chi Minh City at $4,782 is 9% cheaper, and Da Nang at $3,831 is 36.1% cheaper.

What it earns

A square metre lets for about $8.2 a month. Against a purchase price of $5,214 per square metre that is 1.9% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 306th of 311 markets by gross yield. Rental income is taxed at 0–10% — the rate is not a single number here. The 1.7% net figure we publish uses 10%. On the way out there is a third tax: a non-resident seller pays 2% on the gain.

How the tax works. 10% of gross revenue: 5% personal income tax plus 5% deemed VAT. Under art. 20 of the 2025 Personal Income Tax Law a non-resident's business revenue is taxed at flat rates with no threshold; the VND 500 million exemption in art. 7 is for residents. There is real uncertainty: in administrative practice foreign owners often file on the household-business form (01/TTS), to which the threshold does apply, giving 0% at USD 1,000 a month and about 7% at USD 3,000 — hence the 0–10% band. The stored 10% follows the statute. Source: luatvietnam.vn / KPMG.

How stretched the price looks in Hanoi

Glopra’s bubble-risk score for Hanoi is 97 out of 100 — high risk. That is the highest reading of the 65 markets we score. It combines the deviation from trend, price-to-income and the pace of recent growth — a warning light, not a forecast. This is a simplified reading: fewer than three index components are available for this market, so treat it as indicative rather than comparable with fully scored markets.

Who can buy in Hanoi

50-year leasehold (renewable), subject to quota. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Hanoi is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way, which is what lets Hanoi be compared with a country average or another city.

Sources: globalpropertyguide.com. Snapshot: 2026-10-17.