Authored by the expert who managed and guided the team behind the Vietnam Property Pack
Everything you need to know before buying real estate is included in our Vietnam Property Pack
Hai Phong is one of Vietnam's fastest-growing cities, and its property market is moving just as quickly.
In this article, we cover current housing prices in Hai Phong, what's been driving them, where they're headed, and what the next 5 to 10 years could look like, and we constantly update this blog post to make sure the data stays fresh.
The numbers here reflect early 2026 conditions, so you're getting one of the most up-to-date reads available.
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.
What are the current property price trends in Hai Phong as of 2026?
What is the average house price in Hai Phong as of 2026?
As of early 2026, the estimated average residential property price in Hai Phong sits at around 48 million VND per square meter, which is roughly 1,900 USD or 1,750 EUR per square meter.
That average price per square meter in Hai Phong in 2026 blends apartments (around 46 million VND/m²) and landed properties like townhouses and villas (around 52 million VND/m²), so what you actually pay depends a lot on the type of property you're looking at.
About 80% of residential property purchases in Hai Phong in 2026 fall somewhere between 2.5 billion VND and 8 billion VND (roughly 98,000 to 315,000 USD, or 90,000 to 290,000 EUR), with the most active segment sitting between 3 and 5 billion VND for typical apartments and smaller townhouses.
How much have property prices increased in Hai Phong over the past 12 months?
Over the past 12 months from early 2025 to early 2026, residential property prices in Hai Phong have risen by an estimated 8% on average across all property types.
That said, the range across different segments is notable: apartments in Hai Phong went up by around 6%, while landed properties like townhouses and villas climbed closer to 9 to 10%, driven by stronger scarcity and investor interest in new development areas.
The single biggest factor behind this price growth in Hai Phong over the past 12 months has been the city's continued industrial and FDI expansion, which keeps generating new jobs, attracting workers from across Vietnam, and pushing up demand for housing from both end-users and investors.
Which neighborhoods have the fastest rising property prices in Hai Phong as of 2026?
As of early 2026, the three neighborhoods seeing the fastest property price growth in Hai Phong are Thuy Nguyen (especially the Bac Song Cam and Vu Yen corridor), Hai An (along the Le Hong Phong and Cat Bi axis), and Duong Kinh in the southern development belt.
In these three areas, annual price growth is running at roughly 12 to 15% for Thuy Nguyen, around 10 to 12% for Hai An, and approximately 9 to 11% for Duong Kinh, all outpacing the city average of around 8%.
The main demand driver across all three of these Hai Phong neighborhoods is the same: new infrastructure changing what feels "close," whether that's ring roads connecting Thuy Nguyen to the old center, the airport corridor boosting Hai An, or large master-planned urban projects creating fresh reference prices in Duong Kinh.
By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Hai Phong.
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.
Which property types are increasing faster in value in Hai Phong as of 2026?
As of early 2026, the property types appreciating fastest in Hai Phong rank roughly as follows: shophouses and townhouses in master-planned areas at the top, then villas, then detached houses in established central districts, and finally apartments and condos at the lower end of the growth range.
The top-performing segment, shophouses and townhouses in well-connected new urban areas of Hai Phong, is seeing annual appreciation of around 10 to 14%, powered by scarcity and the option to use the ground floor for business.
The main reason this property type is outperforming in Hai Phong is simple: there are very few of them available in genuinely good locations, while demand from both local upgraders and investors betting on new commercial activity keeps building.
Finally, if you're interested in a specific property type, you will find our latest analyses here:
- How much should you pay for a house in Hai Phong?
- How much should you pay for an apartment in Hai Phong?
- How much should you pay for lands in Hai Phong?
What is driving property prices up or down in Hai Phong as of 2026?
As of early 2026, the three biggest forces pushing Hai Phong property prices higher are the city's ongoing industrial and FDI growth (which creates jobs and housing demand), major public infrastructure investments like ring roads and port upgrades (which make more of the city feel accessible), and the two-pole development model (north around Thuy Nguyen, south around Duong Kinh) that keeps multiple submarkets in demand at the same time.
Among these, the industrial and FDI engine is the single strongest upward pressure on Hai Phong property prices, because it directly drives household formation, in-migration, salary growth, and expat rental demand, all at once.
If you want to understand these factors at a deeper level, you can read our latest property market analysis about Hai Phong here.
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What is the property price forecast for Hai Phong in 2026?
How much are property prices expected to increase in Hai Phong in 2026?
As of early 2026, the base-case forecast for residential property price growth in Hai Phong across the full year is around 7%, though the range of plausible outcomes runs from about 2 to 4% on the low end (if credit tightens or trade slows) up to 10 to 12% on the high end (if infrastructure milestones land and credit stays supportive).
Different analysts and market observers for Hai Phong tend to cluster their 2026 forecasts between 6% and 10% for the base case, with the spread reflecting how much weight they give to credit policy risk versus the city's structural growth tailwinds.
The key assumption running through most of these Hai Phong 2026 forecasts is that Vietnam's economy continues to expand at a healthy pace and that no major credit shock disrupts mortgage availability, both of which look likely but are not guaranteed.
We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Hai Phong.
Which neighborhoods will see the highest price growth in Hai Phong in 2026?
As of early 2026, the Hai Phong neighborhoods expected to lead price growth for the rest of 2026 are Thuy Nguyen (particularly the Vu Yen and Bac Song Cam area), Duong Kinh (southern mega-project belt), and Hai An (Cat Bi and Le Hong Phong corridor).
These top Hai Phong growth neighborhoods are projected to see price increases in the range of 10 to 15% during 2026, comfortably above the citywide average, with Thuy Nguyen likely at the upper end as major development milestones approach.
The primary catalyst driving expected growth in all three of these Hai Phong neighborhoods in 2026 is tangible infrastructure progress: roads getting finished, large developer projects reaching occupancy, and new commercial clusters starting to draw real foot traffic.
One neighborhood in Hai Phong that could surprise with higher-than-expected growth in 2026 is the Kenh Duong and Ho Sen area in Le Chan district, where steady end-user upgrading demand and improving connectivity could accelerate faster than the market currently prices in.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Hai Phong.
What property types will appreciate the most in Hai Phong in 2026?
As of early 2026, townhouses and shophouses in well-connected master-planned developments are the property type expected to appreciate the most in Hai Phong in 2026, followed closely by villas in the Thuy Nguyen and southern growth districts.
The top-performing property segment, townhouses and shophouses in Hai Phong's new urban areas, is projected to appreciate by around 10 to 14% in 2026, reflecting both genuine scarcity and the growing appetite from investors who want a property that can generate rental income while gaining in value.
The main demand trend driving this appreciation is Hai Phong's shift toward multi-use urban living: buyers increasingly want a property they can live in, rent out the ground floor, or resell to a business tenant, and there are simply not enough well-located shophouses to meet that demand.
On the other end of the scale, standard mid-range apartments in older or less well-connected districts of Hai Phong are expected to underperform in 2026, growing closer to 4 to 6%, because supply in that segment is wider and buyers have more alternatives to compare.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How will interest rates affect property prices in Hai Phong in 2026?
As of early 2026, interest rates in Vietnam are broadly stable at the late-2025 baseline, which means they are not a strong headwind for Hai Phong property prices right now, but any upward move later in the year could cool investor demand for higher-ticket landed properties faster than it would affect mid-range apartments.
Vietnam's State Bank refinancing rate going into 2026 is around 4.5%, and commercial mortgage rates for home buyers in Hai Phong typically run between 8 and 11% per year, with most analysts expecting rates to stay broadly flat in 2026 unless inflation accelerates unexpectedly.
A 1% rise in mortgage rates in Hai Phong would reduce the affordability of the typical 3 billion VND apartment purchase by around 8 to 10% in monthly payment terms, which is enough to push some first-time buyers out of the market and slow price growth in the more credit-dependent segments.
You can also read our latest update about mortgage and interest rates in Vietnam.
What are the biggest risks for property prices in Hai Phong in 2026?
As of early 2026, the three biggest risks for Hai Phong property prices are a credit or interest rate shock that reduces buyer affordability, a slowdown in Vietnam's export and FDI cycle that would damp job creation in Hai Phong, and legal or administrative delays that freeze transaction volume without immediately showing up in published prices.
Of these three, the credit and rate risk has the highest probability of at least partially materializing in 2026, because Vietnam's financial authorities are actively managing credit growth caps and any policy tightening mid-year could hit leveraged buyers and investor activity in Hai Phong's landed property segment quickly.
We actually cover all these risks and their likelihoods in our pack about the real estate market in Hai Phong.
Is it a good time to buy a rental property in Hai Phong in 2026?
As of early 2026, buying a rental property in Hai Phong makes sense for investors who are selective about location, focus on structurally supported tenant demand (near industrial parks, the airport corridor, or major employment nodes), and are comfortable with gross yields in the 3 to 5% range rather than expecting double-digit income returns.
The strongest argument in favor of buying now in Hai Phong is that the combination of ongoing FDI-driven job growth, limited quality supply, and still-moderate entry prices (compared to Hanoi or Ho Chi Minh City) creates a window where you can buy into a market that has solid fundamentals before prices move materially higher.
The strongest argument for waiting in Hai Phong is that credit conditions are uncertain in 2026, which could create a better entry point later in the year if investor activity cools and sellers become more negotiable, particularly in the higher-ticket shophouse and villa segments.
If you want to know our latest analysis (results may differ from what you just read), you can read our assessment on whether now is a good time to buy a property in Hai Phong.
You'll also find a dedicated document about this specific question in our pack about real estate in Hai Phong.
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.
Where will property prices be in 5 years in Hai Phong?
What is the 5-year property price forecast for Hai Phong as of 2026?
As of early 2026, the base-case forecast for cumulative residential property price growth in Hai Phong over the next 5 years (to 2031) is around 45%, meaning prices in today's most active segments could roughly be half again as high by 2031.
The range of plausible 5-year outcomes for Hai Phong runs from about 25% on the conservative side (if trade shocks or sustained rate pressure damp growth) to around 60% in the optimistic case (if infrastructure delivery stays strong and FDI momentum compounds).
On an annualized basis, that base-case 45% cumulative growth in Hai Phong translates to roughly 7.7% per year compounded, which is strong by any regional standard but not unusual for a fast-growing Vietnamese industrial city over a full market cycle.
Most 5-year forecasts for Hai Phong rest on the assumption that Vietnam continues to attract manufacturing and logistics investment as global supply chains diversify away from China, and that Hai Phong's port and industrial ecosystem keeps benefiting disproportionately from that trend.
Which areas in Hai Phong will have the best price growth over the next 5 years?
The three areas in Hai Phong with the strongest 5-year price growth potential are Thuy Nguyen (especially the Vu Yen and Bac Song Cam corridor), Duong Kinh and the southern mega-project belt, and the Hai An logistics and airport-adjacent pockets.
Over 5 years, these top Hai Phong areas could see cumulative price growth in the range of 55 to 70%, outperforming the citywide base case of around 45%, driven by the combination of infrastructure delivery, large-developer branding, and durable tenant demand.
These are essentially the same neighborhoods leading the 2026 single-year forecast, but over 5 years the advantage compounds further because early infrastructure investment creates secondary effects (more businesses, more services, more residents) that sustain growth well beyond the initial excitement.
One currently undervalued area in Hai Phong with real 5-year upside potential is Kien An district, where lower entry prices, improving connectivity to the new southern development zones, and growing local employment could drive above-average price appreciation as the city's footprint expands.
What property type will give the best return in Hai Phong over 5 years as of 2026?
As of early 2026, well-located townhouses and shophouses in Hai Phong's master-planned development zones are the property type most likely to deliver the best total return over the next 5 years, combining capital appreciation with the option to generate rental income from commercial or residential tenants.
The projected 5-year total return for this top-performing segment in Hai Phong (combining capital appreciation of roughly 55 to 70% plus cumulative rental income) could reach 75 to 90% in the best-case locations, though this requires buying in the right project at a sensible entry price.
The main structural trend favoring townhouses and shophouses in Hai Phong over the next 5 years is the city's expanding middle class and business ecosystem: as more people can afford to live and shop in new urban areas, the commercial ground-floor optionality of these properties becomes increasingly valuable.
For most individual buyers looking for the best balance of return and lower risk over 5 years in Hai Phong, mid-range apartments in liquid central districts (Le Chan, Ngo Quyen, or established parts of Hai An) remain the more reliable choice, because they are easier to rent, easier to resell, and less exposed to the "footfall timing risk" of early-phase shophouse developments.
How will new infrastructure projects affect property prices in Hai Phong over 5 years?
The three major infrastructure projects most likely to push up Hai Phong property prices over the next 5 years are the ring road network expansion connecting Thuy Nguyen and the southern districts to the city core, continued port and logistics infrastructure upgrades at Lach Huyen and Dinh Vu, and the ongoing expansion of Cat Bi International Airport's capacity and connectivity.
In Hai Phong, properties near completed major infrastructure typically trade at a 10 to 20% premium over otherwise comparable units in less connected areas, and this premium tends to build gradually as construction nears completion rather than only appearing after the ribbon is cut.
The neighborhoods that will benefit most from these infrastructure developments in Hai Phong over the next 5 years are Thuy Nguyen (ring road access), Hai An (airport corridor), and the Duong Kinh to Do Son axis (southern ring road and coastal connectivity), all of which already appear in the top growth area rankings above for the same underlying reason.
How will population growth and other factors impact property values in Hai Phong in 5 years?
Hai Phong's population is expected to grow at around 1.5 to 2% per year through 2031, but the more important driver for property values is in-migration tied to industrial jobs, which consistently brings a higher-income, housing-hungry demographic than natural population growth alone would suggest.
The demographic shift with the strongest influence on Hai Phong property demand over the next 5 years is the expansion of the middle-income working household: young workers moving up from rural areas, getting stable manufacturing or logistics jobs, and becoming first-time buyers or long-term renters in the 30 to 50 million VND per square meter range.
On the international side, migration in Hai Phong is primarily driven by the FDI ecosystem: managers and engineers from South Korea, Japan, Taiwan, and increasingly Europe who need quality housing near industrial parks, creating durable demand for well-specified mid-to-upper apartments and serviced-style units in the Hai An and Ngo Quyen corridors.
The property types and areas that benefit most from these demographic trends in Hai Phong over the next 5 years are mid-range apartments near industrial park corridors (end-user and expat rental demand), and well-located townhouses in new residential urban areas (first-time buyers upgrading from rental to ownership).
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 is the 10 year property price outlook in Hai Phong?
What is the 10-year property price prediction for Hai Phong as of 2026?
As of early 2026, the base-case forecast for cumulative residential property price growth in Hai Phong over the next 10 years (to 2036) is around 110%, meaning prices could roughly double from today's levels by the mid-2030s.
The range of 10-year scenarios for Hai Phong runs from about 60% on the cautious end (if Vietnam's trade and growth environment deteriorates for an extended period) to around 150% in the optimistic case (if Hai Phong successfully becomes a top-tier northern economic pole with deep infrastructure and FDI compounding).
On an annualized basis, the base-case 110% cumulative return in Hai Phong implies roughly 7.6% per year, which is consistent with the 5-year pace and reflects a long-run view that the city's structural growth drivers remain intact across the full decade.
The biggest uncertainty in any 10-year Hai Phong property forecast is Vietnam's global trade position: the city's economy is unusually dependent on export-oriented manufacturing and logistics, so any sustained deterioration in trade conditions or a reversal of FDI flows would hit Hai Phong harder than less industrialized Vietnamese cities.
What long-term economic factors will shape property prices in Hai Phong?
The three long-term economic factors most likely to shape property prices in Hai Phong over the next decade are Vietnam's ongoing manufacturing competitiveness and position in global supply chains, the quality and pace of public infrastructure delivery (not just announcements but actual completion), and the long-run trajectory of Vietnam's financial system and credit availability for home buyers.
Among these, Vietnam's manufacturing competitiveness and its ability to keep attracting FDI into Hai Phong's industrial zones will have the most positive long-term impact on property values, because it directly sustains the job creation, income growth, and migration flows that underpin housing demand in the city.
The greatest structural risk to Hai Phong property values over the next 10 years is a prolonged disruption to global trade, whether from tariffs, geopolitical realignment, or a broader slowdown in export demand, because Hai Phong's economy is more concentrated in manufacturing and logistics than almost any other major Vietnamese city, leaving it more exposed if that model faces headwinds.
You'll also find a much more detailed analysis in our pack about real estate in Hai Phong.
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 it's reliable | How we used it |
|---|---|---|
| Savills Vietnam (Hai Phong Spotlight) | A global real estate advisor with a rigorous, data-led research methodology applied specifically to Hai Phong. | We used it to anchor price levels by property type and identify which submarkets and growth drivers matter most locally. It served as the primary reference for emerging neighborhoods and infrastructure themes. |
| Batdongsan.com.vn (PropertyGuru Vietnam) | Vietnam's largest property portal, with market reports built on millions of actual listing and search data points. | We used it as a real-time cross-check on market direction and buyer demand by district. We triangulated its signals with Savills and macro sources to avoid over-relying on listing-side data alone. |
| CafeF (citing Batdongsan.com.vn data) | A major Vietnamese financial news outlet that explicitly cites primary data from Batdongsan.com.vn leadership, making its numbers traceable. | We used it for concrete price index change context (multi-year growth and which districts attract most activity). We treated it as a secondary source and kept only statements clearly attributable to Batdongsan. |
| Hai Phong City Portal (official) | The official government portal for Hai Phong, publishing verified economic growth statistics including GRDP figures. | We used it to ground the housing demand story in official local economic output data. We connected Hai Phong's 10 consecutive years of double-digit growth to its impact on household formation and property demand. |
| World Bank (Vietnam Economic Update, March 2025) | A leading international institution with a transparent macro methodology and consistent Vietnam coverage. | We used it to set the national economic baseline that feeds into housing demand. We then localized that baseline to Hai Phong's FDI and industrial growth story. |
| Reuters (Vietnam 2025 growth snapshot) | A highly reputable international wire service with strong fact-checking and named data sourcing. | We used it to keep the early 2026 macro backdrop current, particularly Vietnam's 8% growth momentum and inflation context, to sharpen our 2026 price scenarios for Hai Phong. |
| Reuters (Vietnam credit policy shift, 2026) | Reuters reporting on a direct policy signal from the Vietnamese Prime Minister relevant to housing credit availability. | We used it to explain the unique 2026 credit dynamic: looser or tighter credit conditions can move Hai Phong housing demand quickly, and we incorporated this into our forecast upside and downside ranges. |
| CEIC Data (Vietnam refinancing rate series) | A well-established macro data platform that attributes its Vietnam rate series directly to the State Bank of Vietnam. | We used it to anchor the starting interest rate level going into 2026. We then modeled how rate movements typically affect affordability and investor demand in Hai Phong's main property segments. |
| IMF (World Economic Outlook, October 2025) | The IMF is a leading global macro institution with a consistent and publicly documented forecast framework. | We used it to set the global risk backdrop for our 5 and 10-year Hai Phong forecasts, particularly trade volatility and growth risks that would feed through to Vietnam's FDI pipeline. |
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If you want to go deeper, you can read the following: