VOV.VN - Prime Minister Le Minh Hung has directed the Ministry of Construction to coordinate with Hanoi authorities to study and develop a long-term rental housing model, positioning it as a key solution to meet real housing demand and ease pressure on the capital’s real estate market.

The mid-range segment accounts for 98% of the total supply of apartments in Hanoi, while the high-end segment constitutes a mere 2%, CEO of Indochina Capital Michael Paul Piro told a press briefing in Hanoi on September 23.

The Hanoi real estate market in the first half of this year saw increases in villa and townhouse prices, although the market was still slow, according to a Savills report into the housing market in the capital released on July 11.

Hanoi real estate market in 2023 saw the lowest sales in the villa and townhouse segment in the past 10 years, but selling prices of the villa and townhouse segment in Hanoi continued to increase strongly.

The real estate market in Hanoi is gradually recovering and may see a lot of development prospects in the time to come, according to analysts from property consultation company Savills Vietnam.