Authored by the expert who managed and guided the team behind the Vietnam Property Pack
Get all the data you need about the real estate market in Hai Phong
We constantly update this blog post so buyers can follow the Hai Phong property market with fresh data, not old assumptions.
In June 2026, Hai Phong is still one of Vietnam’s most interesting residential property markets because the city combines port growth, industrial jobs, new bridges and strong official planning.
However, property prices in Hai Phong are no longer cheap, so the right question is not only whether Hai Phong is growing, but whether the price you pay still makes sense.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Hai Phong.
So, is now a good time?
As of June 2026, it is rather yes, because buying property in Hai Phong still makes sense for well-located apartments, houses and townhouses bought at fair prices.
The strongest signal is that Hai Phong’s economy is still expanding fast, with the city targeting about 13% GRDP growth in 2026 after strong growth in 2025.
Another strong signal is that Hai Phong’s housing demand is supported by industrial zones, port jobs, logistics, airport access and the north-bank urban push around Thuy Nguyen and Bac Song Cam.
Other strong signals are the city master plan, new bridges, social-housing expansion and a national property recovery that is now more focused on real housing demand than short speculation.
The best strategy is to focus on liquid apartments and normal houses in Ngo Quyen, Le Chan, Hai An, Thuy Nguyen, Bac Song Cam, Vu Yen and Duong Kinh, then hold for several years instead of trying to flip quickly.
This is not financial or investment advice, because we do not know your personal situation and every buyer should do their own research before buying property in Hai Phong.
Is it smart to buy now in Hai Phong, or should I wait as of 2026?
Do real estate prices look too high in Hai Phong as of 2026?
As of 2026, residential property prices in Hai Phong look about 10% to 20% above what local incomes and rents alone would justify, but not so high that the whole market looks like a bubble.
The clearest on-the-ground signal is that good apartments and central houses in Hai Phong still attract serious buyers, while expensive villas and shophouses often need more negotiation.
This means Hai Phong is not one simple market, because apartments in Ngo Quyen, Le Chan, Hai An and Thuy Nguyen look much safer than premium project stock bought mainly for resale.
You can also read our latest update regarding the housing prices in Hai Phong.
Does a property price drop look likely in Hai Phong as of 2026?
As of 2026, the chance of a meaningful property price decline in Hai Phong over the next 12 months looks low to medium, not high.
A realistic 12-month range for Hai Phong residential prices is roughly 5% down to 9% up, with the weaker end more likely for overpriced villas and shophouses.
The single most important macro factor that could push Hai Phong property prices down is tighter real estate credit, because many investors and developers still depend on bank funding.
That risk is real in 2026, but it is more likely to slow price growth than cause a citywide crash, because the State Bank of Vietnam is controlling credit rather than cutting off normal housing finance.
Finally, please note that we cover the price trends for next year in our pack about the property market in Hai Phong.
Could property prices jump again in Hai Phong as of 2026?
As of 2026, the chance of a renewed broad price surge in Hai Phong is medium, while the chance of sharp gains in a few infrastructure-led pockets is higher.
A plausible upside range is about 6% to 12% over the next 12 months for good homes in Thuy Nguyen, Bac Song Cam, Vu Yen, Hai An and selected Duong Kinh projects.
The biggest demand-side trigger would be a return of confident investors after clearer land rules and better credit access, especially in areas connected to bridges, ports and industrial zones.
Please also note that we regularly publish and update real estate price forecasts for Hai Phong here.
Are we in a buyer or a seller market in Hai Phong as of 2026?
As of 2026, Hai Phong is a mild seller-leaning market for clean, central and well-connected homes, but a more balanced market for large villas, shophouses and expensive future-delivery projects.
The closest practical estimate is about 4 to 6 months of useful inventory for mainstream homes, which usually means buyers can negotiate, but not aggressively on the best units.
For high-ticket project stock, the effective inventory can feel closer to 8 to 12 months, which means sellers often need to accept discounts or longer selling times.
We have made this infographic to give you a quick and clear snapshot of the property market in Vietnam. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Are homes overpriced, or fairly priced in Hai Phong as of 2026?
Are homes overpriced versus rents or versus incomes in Hai Phong as of 2026?
As of 2026, homes in Hai Phong look moderately expensive versus local incomes, while apartments look closer to fair value versus rents than villas or shophouses.
The estimated price-to-rent ratio for good Hai Phong apartments is about 17 to 22 years of rent, while a balanced market usually feels closer to 15 to 20 years.
The estimated price-to-income multiple for a normal 70 square meter Hai Phong apartment is roughly 18 to 25 years of disposable household income, which means affordability is stretched for many local families.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Hai Phong.
Are home prices above the long-term average in Hai Phong as of 2026?
As of 2026, Hai Phong home prices are clearly above their long-term trend, with many mainstream homes estimated around 30% to 60% above 2020 and 2021 levels.
The estimated 12-month price change in Hai Phong is about 5% to 10% for good residential assets, which is faster than a normal long-run pace but slower than the hottest speculative periods.
After inflation, Hai Phong prices are still high versus the last cycle because infrastructure and industrial growth have lifted values faster than local wages.
Get fresh and reliable information about the market in Hai Phong
Don't base significant investment decisions on outdated data. Get updated and accurate information.
What local changes could move prices in Hai Phong as of 2026?
Are big infrastructure projects coming to Hai Phong as of 2026?
As of 2026, the biggest infrastructure-led price driver in Hai Phong is the north-of-Cam-River urban expansion around Thuy Nguyen and Bac Song Cam, which could add a 5% to 15% location premium to the best-connected homes.
The key timeline is already moving through planning, road and bridge delivery, administrative relocation and staged urban development, so the price effect is gradual rather than one sudden jump.
For the latest updates on the local projects, you can read our property market analysis about Hai Phong here.
Are zoning or building rules changing in Hai Phong as of 2026?
The most important planning change in Hai Phong is the shift from an older port-city layout toward planned multi-center growth, especially north of the Cam River and around new urban districts.
As of 2026, the net effect should be mildly positive for prices in legal, well-planned projects, because clearer planning usually helps buyers trust the future use of land.
The areas most affected are Thuy Nguyen, Bac Song Cam, Vu Yen, An Duong, Duong Kinh and parts of Hai An, where zoning, infrastructure and new housing projects are changing together.
Are foreign-buyer or mortgage rules changing in Hai Phong as of 2026?
As of 2026, foreign-buyer rules in Hai Phong are not becoming broadly easier, while mortgage conditions are more carefully controlled, so the price impact is more cooling than boosting.
The most likely foreign-buyer issue is stricter enforcement of existing ownership quotas in eligible commercial housing projects, especially the 30% cap in condominium buildings.
The most likely mortgage change is continued careful control of real estate credit growth, which should favor legally clean homes and genuine end-user demand over speculative buying.
You can also read our latest update about mortgage and interest rates in Vietnam.
Buying real estate in Hai Phong can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Will it be easy to find tenants in Hai Phong as of 2026?
Is the renter pool growing faster than new supply in Hai Phong as of 2026?
As of 2026, renter demand in Hai Phong is probably growing slightly faster than quality private rental supply, especially for practical apartments near jobs and transport.
The best renter-demand signal is Hai Phong’s strong industrial, logistics and port economy, which keeps attracting engineers, managers, technicians and service workers.
The main supply signal is that Hai Phong has a large social-housing pipeline and many commercial projects, but not all of that supply competes with private apartments in central and job-rich areas.
Are days-on-market for rentals falling in Hai Phong as of 2026?
As of 2026, good rentals in Hai Phong often take about 2 to 6 weeks to rent, and the timing looks shorter than during the softer 2022 and 2023 period.
The best areas such as Ngo Quyen, Le Chan, Hai An, Le Hong Phong, Cat Bi and parts of Thuy Nguyen can rent much faster than fringe villas or large shophouses.
One Hai Phong-specific reason rental time falls is that companies near industrial zones and ports often need practical homes quickly for staff, not trophy homes for long-term speculation.
Are vacancies dropping in the best areas of Hai Phong as of 2026?
As of 2026, vacancies appear to be dropping in the best rental areas of Ngo Quyen, Le Chan, Hai An, Le Hong Phong, Cat Bi and well-connected parts of Thuy Nguyen.
A realistic vacancy proxy is about 4% to 7% for good apartments in these areas, compared with about 7% to 11% across the wider Hai Phong rental market.
A practical sign of tightening is that furnished two-bedroom units near Cat Bi, Le Hong Phong and industrial access routes can attract tenants before landlords need large rent discounts.
By the way, we’ve written a blog article detailing what are the current rent levels in Hai Phong.
Make a profitable investment in Hai Phong
Better information leads to better decisions. Save time and money. Download our data.
Am I buying into a tightening market in Hai Phong as of 2026?
Is for-sale inventory shrinking in Hai Phong as of 2026?
As of 2026, for-sale inventory in Hai Phong is hard to measure exactly, but useful inventory for central apartments and normal houses looks about 10% to 20% lower than during the softer 2022 and 2023 period.
The closest months-of-supply proxy is about 4 to 6 months for good mainstream homes and about 8 to 12 months for expensive project stock, while a balanced market often sits near 6 months.
The most likely reason good inventory is shrinking is that owners of well-located homes in Ngo Quyen, Le Chan, Hai An and Thuy Nguyen do not want to sell cheaply while infrastructure and jobs keep improving.
Are homes selling faster in Hai Phong as of 2026?
As of 2026, correctly priced homes in Hai Phong are selling faster than in 2022 and 2023, with practical apartments and central houses often selling in about 60 to 120 days.
The estimated year-over-year change in median selling time is a reduction of about 10 to 25 days for mainstream homes, while villas and shophouses remain much slower.
Are new listings slowing down in Hai Phong as of 2026?
As of 2026, we estimate that new for-sale listings for good Hai Phong resale homes are flat to slightly down year over year, although we are less confident in this estimate than in price and rent trends.
Hai Phong usually sees more listing activity after Tet and during periods of project launches, but good central resale listings still look limited compared with buyer interest.
The most plausible reason is seller caution, because owners with strong locations are waiting for more infrastructure news or higher offers instead of accepting quick discounts.
Is new construction failing to keep up in Hai Phong as of 2026?
As of 2026, new construction in Hai Phong is not failing everywhere, but market-rate supply in the most wanted corridors is not keeping up perfectly with demand.
The recent trend is mixed, because Hai Phong has many commercial housing projects and a large social-housing push, but delivery, legal status and location quality vary a lot.
The biggest bottleneck is not only construction capacity, but legally clean land, financing discipline and the difficulty of delivering the right homes in the right districts at prices buyers can afford.
Get to know the market before buying a property in Hai Phong
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
Will it be easy to sell later in Hai Phong as of 2026?
Is resale liquidity strong enough in Hai Phong as of 2026?
As of 2026, resale liquidity in Hai Phong is strong enough for well-priced apartments, central houses and practical townhouses, but weaker for large villas and investor-heavy shophouses.
The estimated median days-on-market for good resale homes is about 60 to 120 days, which is close to a healthy liquidity benchmark for a secondary Vietnamese city.
The characteristic that most improves resale liquidity in Hai Phong is daily usefulness, meaning a home close to jobs, schools, shops, roads and rental demand in places like Ngo Quyen, Le Chan, Hai An or Thuy Nguyen.
Is selling time getting longer in Hai Phong as of 2026?
As of 2026, selling time in Hai Phong is shorter than in the frozen 2022 and 2023 period, but longer than during the most speculative months of the last boom.
The current median selling time is about 2 to 4 months for mainstream apartments and houses, about 3 to 6 months for townhouses and about 6 to 12 months for many villas.
Selling time can lengthen in Hai Phong when asking prices run ahead of rents, especially in projects where the buyer story depends more on future prestige than current tenant demand.
Is it realistic to exit with profit in Hai Phong as of 2026?
As of 2026, the likelihood of selling with a profit in Hai Phong is medium to high if the buyer holds a good residential asset for long enough and avoids overpaying.
The minimum holding period that usually makes profit realistic in Hai Phong is about 4 to 6 years, because the buyer needs time to offset taxes, fees, vacancy and selling costs.
A realistic round-trip cost drag is about 4% to 7% of the property value, so on a 3 billion VND home that equals roughly 120 million to 210 million VND, about 4,700 to 8,200 USD, or about 4,300 to 7,600 EUR.
The clearest factor that improves profit odds is buying a legally clean apartment or house below nearby comparable prices in a real-demand area such as Ngo Quyen, Le Chan, Hai An, Thuy Nguyen or Bac Song Cam.
We made this infographic to show you how property prices in Vietnam compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Hai Phong, we always rely on the strongest methodology we can, and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why this source matters | How we used it |
|---|---|---|
| Hai Phong Department of Finance, city master plan | It is an official Hai Phong government source for long-term city planning. | We used it to understand growth corridors, new urban areas and infrastructure logic. We gave it high weight for planning, but not for prices. |
| Vietnam Government Portal, Hai Phong planning adjustment | It is the central government’s official English-language portal. | We used it to verify official population, urbanization and planning direction. We used it to separate public policy from developer marketing. |
| Government legal document portal, Decision 323/QD-TTg | It is Vietnam’s official legal-document database. | We used it to verify the legal basis of Hai Phong’s general planning. We used it to understand how formal planning affects future housing locations. |
| VnEconomy, Hai Phong 2026 GRDP target | It reports official local economic targets in clear financial language. | We used it to check Hai Phong’s 2026 growth target and 2025 growth base. We used it to test whether housing demand has real economic support. |
| Hai Phong News, 2025 socio-economic results | It is a local official news source for city economic updates. | We used it to confirm Hai Phong’s recent growth momentum and policy direction. We used it to connect housing demand with jobs and investment. |
| JLL Hai Phong Property Market Perspectives 2025 | JLL is a major global real estate adviser with Vietnam coverage. | We used it to benchmark Hai Phong’s industrial, logistics and urban development story. We used it as a market-context source, not as official price data. |
| Savills Hai Phong Spotlight | Savills is a recognized international property adviser with local research teams. | We used it to confirm the role of industrial zones, FDI and infrastructure. We used it to identify which residential areas benefit most from job growth. |
| Batdongsan market reports | Batdongsan is Vietnam’s largest property portal and tracks listing demand. | We used it to infer price, rent and search-demand signals where official data is limited. We treated listing data carefully because asking prices are not closing prices. |
| Vietnam News, Batdongsan Q1 2026 market findings | It reports 2026 property-market findings through a national news outlet. | We used it to understand the national shift toward real housing demand. We used it to avoid treating speculative land demand as healthy demand. |
| Ministry of Construction | It is Vietnam’s main state authority for housing and construction policy. | We used it to anchor national housing-policy and supply context. We used it to understand whether new construction may ease price pressure. |
| Vietnam News, SBV real estate credit guidance 2026 | It reports the State Bank of Vietnam’s 2026 credit stance. | We used it to assess mortgage and developer-financing risk. We used it to temper the bullish case for Hai Phong property prices. |
| FiinGroup Vietnam Residential Real Estate Market 2025 | FiinGroup is a recognized Vietnamese data and credit-research provider. | We used it to compare national residential supply and transaction trends. We used it to check whether Hai Phong is part of a wider recovery. |
| Knight Frank Vietnam Q1 2026 market report | Knight Frank is a global property consultancy with Vietnam market research. | We used it to benchmark 2026 macro and real estate sentiment. We used it as a cross-check against JLL, Savills and portal data. |
| Library of Congress, Vietnam Land Law 2024 | It is a reliable legal-reference source for foreign readers. | We used it to verify the shift toward more market-based land regulation. We used it to assess how legal reform may affect land costs. |
| Freshfields Vietnam Land Law 2024 briefing | Freshfields is a major law firm with Vietnam legal expertise. | We used it to understand annual land-price table changes and investor implications. We used it to interpret legal risk in plain language. |
| Bao Hai Phong, social housing development in early 2026 | It is a local source reporting Hai Phong’s housing pipeline. | We used it to quantify planned social-housing supply for 2026 to 2030. We used it to judge whether worker rental pressure could ease. |
Don't buy the wrong property, in the wrong area of Hai Phong
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
Related blog posts
- What are the best areas to buy a property in property in Hai Phong?