According to data from Batdongsan.com.vn, there was an increase in interest for land in the northern provinces (excluding Hanoi) during the first five months of 2025 compared to the same period last year. Bac Ninh province led the way with a 43% increase, followed by Hung Yen with a 38% rise, and Bac Giang with a 36% surge.
Some other markets also witnessed slight growth, such as Vinh Phuc with an 11% increase and Hoa Binh with an 8% rise. Hai Phong remained stagnant with only a 1% increase, while Quang Ninh saw a minor decrease of 4%.
However, compared to April 2025, interest has slightly declined in most provinces, reflecting a cautious attitude following news of potential tax policies. Quang Ninh stands out as a rare exception, recording a 10% increase.
Source: Batdongsan.com.vn
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Despite the slowdown in interest, land prices in the northern provinces have remained stable compared to the peak in March 2025. In fact, many localities have seen significant increases compared to the beginning of 2024.
For instance, Hoa Binh recorded a 67% increase compared to January 2024, the highest in the north, and maintained stability since March 2025. Hung Yen saw a 59% rise, unchanged from March. Vinh Phuc and Bac Giang witnessed increases of 47% and 39%, respectively, compared to the beginning of last year. However, compared to the peak in March, while Vinh Phuc maintained its growth at 14%, Bac Giang experienced a 7% decrease.
Bac Ninh saw a 20% increase from last year and a further 3% rise compared to March 2025. Quang Ninh experienced a 12% increase from the March peak. Hai Phong, on the other hand, showed no significant price changes compared to January 2024 or March 2025.
Source: Batdongsan.com.vn
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“The signal indicates that investors and buyers are returning to safer segments. When the market is ‘hot’, the psychology of pouring money into land is very common – as seen in March. But when they sense increased risk, they turn to products with better cash flow and liquidity, such as apartments,” said Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn.
– 21:19 19/06/2025
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