Entering 2020, the real estate market lies in an extremely volatile period of a long quarantine, followed by a new normal period lasting until now. The market's recovery has been strengthened noticeably and Hanoi showed strong growth again in the last quarter if we take the starting time of social distancing as a benchmark. Under the impact of COVID-19, the demand for real estate increased as people searched for a stable home to settle down, especially for mini condominium/apartment. Overall, the real estate market will continue to grow with positive signals, and investment in the industry shows high potential.
The first part of this market overview will go over 4 sectors of the real estate industry in Hanoi in the last few years, including retail real estate, condominium/apartment, residential real estate and industrial real estate.
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