Hanoi Apartment Demand Halved Amid High Prices and Interest Rates
Technology

Hanoi Apartment Demand Halved Amid High Prices and Interest Rates

Demand for new apartments in Hanoi plummeted in the third quarter, with absorption rates falling to 30%. Soaring prices and high interest rates are dampening the purchasing power of genuine buyers. The market is dominated by an oversupply of luxury units, while affordable options are scarce.

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