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If you are a foreigner thinking about buying property in Quang Ninh, you probably want to know how the real estate market is performing right now.
In this article, we cover the current housing prices in Quang Ninh, market momentum, what types of properties you can actually buy, and what challenges you might face as a foreign buyer.
We constantly update this blog post to give you the freshest data and insights 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 Quang Ninh.
How's the real estate market going in Quang Ninh in 2026?
What's the average days-on-market in Quang Ninh in 2026?
As of early 2026, the estimated average days-on-market for residential properties in Quang Ninh ranges from about 45 to 120 days, depending heavily on property type and location within the province.
For well-priced apartments in Ha Long's popular wards like Bai Chay or Hung Thang, properties typically sell within 45 to 75 days, while townhouses and landed homes often take 70 to 120 days, and speculative land plots can sit for 90 to 180 days or longer.
Compared to one or two years ago, days-on-market in Quang Ninh has shortened somewhat as the market recovers from its 2023 slowdown, though properties still move more slowly than they did during the 2021 peak when well-located units could sell in under a month.
Are properties selling above or below asking in Quang Ninh in 2026?
As of early 2026, most residential properties in Quang Ninh are selling at or below asking price, with resale properties typically closing 5% to 10% below the initial listing price while developer sales offer equivalent discounts through incentives like furniture packages or fee waivers.
We estimate that roughly 80% to 85% of transactions in Quang Ninh close at or below asking price, with only about 15% to 20% of highly desirable units in prime Ha Long locations seeing competitive offers near or slightly above asking, though we have moderate confidence in these estimates given the limited public transaction data available.
The neighborhoods most likely to see competitive bidding and near-asking or above-asking sales in Quang Ninh are the central Ha Long wards of Bai Chay, Hung Thang, and Hong Hai, especially for newer apartments in well-managed buildings with strong amenities and bay views.
By the way, you will find much more detailed data in our property pack covering the real estate market in Quang Ninh.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Vietnam. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
What kinds of residential properties can I realistically buy in Quang Ninh?
What property types dominate in Quang Ninh right now?
In Quang Ninh in 2026, the estimated breakdown of residential properties for sale is roughly 60% to 65% land plots, 20% to 25% apartments and condos, 10% to 15% townhouses and shophouses, and a smaller portion of villas and resort-style second homes.
Land plots represent the largest share of Quang Ninh's residential market, accounting for nearly two-thirds of active listings across the province, with data from Q4 2025 showing over 18,600 land transactions out of roughly 20,000 total residential sales.
Land plots became so prevalent in Quang Ninh because the province developed rapidly from a primarily rural and mining-based economy, and local buyers traditionally prefer owning land to build custom homes, while the apartment market only grew significantly after Ha Long's tourism boom attracted developers in the past decade.
If you want to know more, you should read our dedicated analyses:
Are new builds widely available in Quang Ninh right now?
New-build properties make up an estimated 15% to 25% of residential listings in Quang Ninh, with availability concentrated heavily in Ha Long City while other areas like Quang Yen, Dong Trieu, and Mong Cai have far fewer new development options.
As of early 2026, the neighborhoods with the highest concentration of new-build developments in Quang Ninh are Ha Long's Bai Chay, Hung Thang, Hong Hai, and Dai Yen wards, plus the emerging Van Don area which is seeing new resort and residential projects tied to the Van Don Economic Zone and international airport.
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Which neighborhoods are improving fastest in Quang Ninh in 2026?
Which areas in Quang Ninh are gentrifying in 2026?
As of early 2026, the top neighborhoods in Quang Ninh showing the clearest signs of gentrification are Bai Chay, Hung Thang, Hong Hai, Ha Khau, and Cao Thang in Ha Long City, plus parts of Uong Bi near improved city services and Quang Yen as it transforms from an industrial town into a more livable urban center.
Visible changes indicating gentrification in these Quang Ninh areas include the arrival of branded retail chains like Vincom malls and Circle K stores, upgraded streetscapes with new sidewalks and lighting, modern apartment complexes replacing older housing stock, and an influx of cafes and restaurants catering to young professionals and tourists.
In these gentrifying Quang Ninh neighborhoods, price appreciation over the past two to three years has ranged from an estimated 20% to 40%, with the strongest gains in Ha Long's central tourism corridor where infrastructure upgrades and new urban amenities have been most concentrated.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Quang Ninh.
Where are infrastructure projects boosting demand in Quang Ninh in 2026?
As of early 2026, the top areas in Quang Ninh where major infrastructure projects are currently boosting housing demand are Ha Long's central and eastern districts benefiting from smart city upgrades, Quang Yen and Dong Trieu linked to industrial zone expansions, and Van Don which is being transformed by its international airport and economic zone development.
The specific infrastructure projects driving demand in Quang Ninh include Ha Long's smart and modern urban infrastructure program with upgraded roads and public spaces, the expansion of industrial parks attracting workers and managers who need housing, Van Don International Airport improving connectivity, and highway improvements linking Quang Ninh to Hanoi and Hai Phong.
Most of these major infrastructure projects in Quang Ninh are ongoing with phased completion, with Ha Long's urban upgrade program continuing through 2026 and 2027, while Van Don's economic zone development has a longer timeline extending toward 2030 as the province pursues its goal of becoming a centrally-run city.
In Quang Ninh, the typical price impact from infrastructure projects is an estimated 10% to 20% increase upon announcement, with an additional 15% to 30% appreciation by completion, though the exact impact varies based on how directly the project improves daily commute times or job access rather than just aesthetic improvements.
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.
What do locals and insiders say the market feels like in Quang Ninh?
Do people think homes are overpriced in Quang Ninh in 2026?
As of early 2026, the general sentiment among locals and market insiders in Quang Ninh is mixed: many feel that speculative land plots and investor-focused shophouses are overpriced relative to actual utility, while well-located Ha Long apartments with good building management are increasingly seen as fairly valued for the lifestyle they offer.
When arguing homes are overpriced in Quang Ninh, locals typically cite the gap between asking prices and what local professional salaries can actually afford, the seasonal nature of rental income for tourism-oriented properties, and the fact that some land plots are priced based on future development promises rather than current infrastructure.
Those who believe prices are fair in Quang Ninh counter that Ha Long is becoming a genuine lifestyle destination with improving amenities, that Quang Ninh's strong FDI attraction and job growth support real housing demand, and that prices remain much lower than Hanoi or Ho Chi Minh City for comparable quality.
The price-to-income ratio in Quang Ninh is estimated at roughly 15 to 20 times the average annual household income for a standard apartment, which is somewhat lower than Hanoi's ratio of 25 to 30 times but still reflects the affordability challenges common across Vietnam's urbanizing provinces.
What are common buyer mistakes people regret in Quang Ninh right now?
The most frequently cited buyer mistake people regret in Quang Ninh is purchasing property based on developer marketing promises or future infrastructure hype without carefully verifying the legal paperwork, including land-use status, construction permits, and whether the project is actually eligible for foreign ownership under the new land and housing laws.
The second most common buyer mistake in Quang Ninh is overestimating short-term rental income potential, especially for properties that look full on peak weekends but struggle with low occupancy during weekdays and off-season months, leaving owners with maintenance costs that exceed their actual rental revenue.
If you want to go deeper, you can check our list of risks and pitfalls people face when buying property in Quang Ninh.
It's because of these mistakes that we have decided to build our pack covering the property buying process in Quang Ninh.
Get the full checklist for your due diligence in Quang Ninh
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How easy is it for foreigners to buy in Quang Ninh in 2026?
Do foreigners face extra challenges in Quang Ninh right now?
Foreigners face a moderately higher difficulty level when buying property in Quang Ninh compared to local buyers, primarily because they are limited to purchasing apartments or houses within approved commercial housing projects and cannot buy land plots directly, plus they must navigate ownership caps and 50-year leasehold terms that locals do not face.
The specific legal restrictions for foreign buyers in Quang Ninh include a 30% cap on foreign ownership per apartment building, a limit of 250 houses per ward-equivalent area, the requirement that properties be in commercially approved projects not located in defense or security zones, and ownership terms of 50 years with one possible renewal rather than perpetual ownership.
Practical challenges foreigners commonly encounter in Quang Ninh include limited English-language support outside major Ha Long developments, difficulty finding banks willing to finance foreign purchases, the need to verify whether a specific project has remaining foreign ownership quota, and extra scrutiny for properties near Quang Ninh's border areas with China given the province's strategic location.
We will tell you more in our blog article about foreigner property ownership in Quang Ninh.
Do banks lend to foreigners in Quang Ninh in 2026?
As of early 2026, mortgage financing for foreign buyers in Quang Ninh is available but limited, with only a handful of banks like HSBC, Standard Chartered, and some local banks offering loans to foreigners, and most foreign buyers should plan to purchase with cash as financing is not guaranteed.
When banks do lend to foreigners in Vietnam, typical loan-to-value ratios range from 50% to 70% of the appraised property value, with fixed interest rates currently around 5% to 7% for the first one to three years before floating to 8% to 10%, though terms vary significantly by bank and borrower profile.
Banks typically require foreign applicants in Quang Ninh to provide a valid passport with legal entry documentation, proof of stable income often from a Vietnamese employer or verifiable overseas income, a work permit if employed in Vietnam, and the property must be in a project the bank has already approved for mortgage lending.
You can also read our latest update about mortgage and interest rates in Vietnam.
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 risky is buying in Quang Ninh compared to other nearby markets?
Is Quang Ninh more volatile than nearby places in 2026?
As of early 2026, Quang Ninh's price volatility is estimated to be higher than Hai Phong and Bac Ninh, which are more stable industrial-focused markets, but lower than purely resort-driven destinations like Phu Quoc, reflecting Quang Ninh's mixed tourism and industrial economy.
Over the past decade, Quang Ninh has experienced price swings of roughly 30% to 50% during boom-bust cycles, compared to more stable 15% to 25% fluctuations in industrial provinces like Bac Ninh, though Quang Ninh's downturns have typically been shorter than those in purely speculative resort markets.
If you want to go into more details, we also have a blog article detailing the updated housing prices in Quang Ninh.
Is Quang Ninh resilient during downturns historically?
Quang Ninh has shown moderate historical resilience during economic downturns, with property values typically declining 15% to 25% during the worst periods but recovering within two to three years due to the province's diversified economy spanning tourism, industry, and border trade.
During the most recent major downturn in 2022 to 2023, Quang Ninh property prices dropped an estimated 10% to 20% from their 2021 peaks, with recovery beginning in late 2024 and prices returning to near-peak levels by early 2026, a faster recovery than some other Vietnamese tourism markets.
The property types and neighborhoods in Quang Ninh that have historically held value best during downturns are well-located Ha Long apartments with strong building management and year-round livability appeal, while speculative land plots and purely tourism-dependent second homes have typically seen the steepest declines.
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How strong is rental demand behind the scenes in Quang Ninh in 2026?
Is long-term rental demand growing in Quang Ninh in 2026?
As of early 2026, long-term rental demand in Quang Ninh is growing steadily, driven primarily by the province's aggressive FDI attraction targeting $3 billion in 2026 and the resulting influx of workers, managers, and professionals needing stable housing near industrial zones and urban centers.
The tenant demographics driving long-term rental demand in Quang Ninh are primarily industrial park workers and mid-level managers in manufacturing and logistics, followed by young professionals in Ha Long's growing service sector, and a smaller segment of expatriates working for foreign-invested enterprises.
The neighborhoods in Quang Ninh with the strongest long-term rental demand right now are Ha Long's central wards like Bai Chay and Hung Thang for professional tenants, Quang Yen and Dong Trieu for industrial workers, and Uong Bi for those seeking more affordable options with reasonable commute access to job centers.
You might want to check our latest analysis about rental yields in Quang Ninh.
Is short-term rental demand growing in Quang Ninh in 2026?
Vietnam does not have nationwide short-term rental restrictions like some Western countries, but Quang Ninh operators must register their business, obtain fire safety approvals, and comply with tax declarations, with enforcement becoming stricter as the tourism industry professionalizes.
As of early 2026, short-term rental demand in Quang Ninh is growing in volume terms, supported by the province welcoming over 15.6 million tourist arrivals in the first nine months of 2025 and continued momentum from Ha Long Bay's UNESCO World Heritage status drawing both domestic and international visitors.
The estimated average occupancy rate for short-term rentals in Quang Ninh is roughly 50% to 65% annually, with peak rates of 80% to 90% during holidays and summer weekends but much lower midweek and off-season occupancy that can drop to 30% to 40% in slower months.
The guest demographics driving short-term rental demand in Quang Ninh are primarily domestic Vietnamese tourists on weekend and holiday trips, followed by international visitors from China, South Korea, and Western countries exploring Ha Long Bay, plus a smaller segment of business travelers attending conferences or visiting industrial facilities.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Quang Ninh.
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 are the realistic short-term and long-term projections for Quang Ninh in 2026?
What's the 12-month outlook for demand in Quang Ninh in 2026?
As of early 2026, the 12-month demand outlook for residential property in Quang Ninh is moderately positive, with gradual improvement expected as the broader Vietnamese market continues its recovery cycle and Quang Ninh benefits from its strong tourism rebound and FDI inflows.
The key economic and political factors most likely to influence demand in Quang Ninh over the next 12 months are Vietnam's overall GDP growth projected around 6.5% to 7%, the success of Quang Ninh's $3 billion FDI attraction target, interest rate stability from the State Bank of Vietnam, and the province's progress toward becoming a centrally-run city.
The forecasted price movement for Quang Ninh over the next 12 months is an estimated 5% to 10% appreciation for well-located properties with clear legal status, while overpriced speculative products may see flat or slightly declining prices as the market continues to reward quality over hype.
By the way, we also have an update regarding price forecasts in Vietnam.
What's the 3 to 5 year outlook for housing in Quang Ninh in 2026?
As of early 2026, the 3 to 5 year outlook for housing prices and demand in Quang Ninh is constructive, with continued appreciation expected for properties in areas benefiting from infrastructure upgrades, industrial job growth, and Ha Long's evolution into a more livable year-round city rather than just a tourism destination.
The major development projects expected to shape Quang Ninh over the next 3 to 5 years include the continued buildout of the Van Don Economic Zone and its international airport connectivity, Ha Long's smart city and urban infrastructure program, expanded industrial parks attracting manufacturing FDI, and potential new transport links improving connectivity to Hanoi.
The single biggest uncertainty that could alter the 3 to 5 year outlook for Quang Ninh is a significant tightening of credit conditions combined with a global tourism slowdown, which would hit both the investor-driven and tourism-dependent segments of the market simultaneously, potentially triggering a more prolonged correction.
Are demographics or other trends pushing prices up in Quang Ninh in 2026?
As of early 2026, demographic trends are having a moderate positive impact on housing prices in Quang Ninh, primarily through urbanization and migration rather than natural population growth, as workers and professionals relocate to the province for industrial and tourism sector jobs.
The specific demographic shifts most affecting prices in Quang Ninh are the migration of workers from rural areas and other provinces to fill jobs in expanding industrial zones, the growth of Ha Long's middle class seeking better housing options, and a steady flow of retirees and second-home buyers from Hanoi attracted by coastal lifestyle and relative affordability.
Beyond demographics, non-demographic trends pushing prices in Quang Ninh include the province's ambitious goal to become a centrally-run city which is driving infrastructure investment, the expansion of remote work allowing some Hanoi professionals to relocate, and sustained investment interest from both domestic and international buyers seeking diversification outside tier-one cities.
These demographic and trend-driven price pressures in Quang Ninh are expected to continue for at least the next 5 to 10 years, as Vietnam's urbanization rate remains below 40% with significant room for growth, and Quang Ninh's strategic position as a gateway to the northeast makes it a long-term beneficiary of national development policies.
What scenario would cause a downturn in Quang Ninh in 2026?
As of early 2026, the most likely scenario that could trigger a housing downturn in Quang Ninh would be a combination of significant credit tightening by Vietnamese banks and a sharp decline in tourism arrivals, which together would squeeze both investor demand and the income supporting local purchasing power.
Early warning signs that such a downturn is beginning in Quang Ninh would include a notable increase in days-on-market across all property types, a rise in price reductions and distressed sales especially among developer inventory, declining hotel and short-term rental occupancy rates, and announcements of FDI project delays or cancellations.
Based on historical patterns, a potential downturn in Quang Ninh could realistically see prices decline 15% to 25% from peak levels, with speculative land plots and tourism-dependent properties experiencing steeper drops of up to 30%, while well-located apartments with strong fundamentals would likely see more modest corrections of 10% to 15%.
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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 Quang Ninh, 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 authoritative | How we used it |
|---|---|---|
| Vietnam Ministry of Construction (MoC) | It's the national ministry that compiles official market supply and transaction data from provinces and related agencies across Vietnam. | We used it to anchor the big picture of Vietnam's housing market cycle and policy direction. We also used it to verify private-sector claims against what the regulator reports. |
| World Bank Vietnam Economic Update | It's a top-tier international institution that publishes transparent forecast methodologies and macroeconomic analysis. | We used it to ground the 2026 macro backdrop including growth and consumption trends. We also used it to avoid over-reading local housing noise when the broader economy is the main driver. |
| IMF Vietnam Article IV Consultation | It's the IMF's flagship country assessment designed specifically to flag structural risks including credit and banking vulnerabilities. | We used it to frame downside scenarios like credit tightening and export shocks. We also used it to pressure-test optimistic property narratives against realistic risks. |
| Batdongsan.com.vn (PropertyGuru Vietnam) | It's Vietnam's largest property listing platform publishing regular market reports using big listing and search data. | We used it to quantify demand signals like search interest and pricing movement when official transaction data isn't available. We also used it to identify market heat at the district level in Quang Ninh. |
| Quang Ninh Provincial Government Portal | It's the province's official channel describing infrastructure priorities, urban development goals, and tourism performance data. | We used it to connect housing demand to real infrastructure delivery rather than rumors. We also used it to identify which wards are being actively upgraded and developed. |
| VnEconomy | It's a major national business outlet that clearly cites provincial government statements and official targets. | We used it as a practical demand driver for long-term rentals tied to industrial jobs and FDI. We also used it to identify which districts connected to economic zones may outperform. |
| Allen & Gledhill | It's a well-known law firm explaining the enacted Housing Law changes and their practical implications for foreigners. | We used it to outline the rules for foreign property ownership from 2025 onward. We also used it to clarify what ownership types are possible and which restrictions still apply. |
| PwC Vietnam | It's a reputable global advisory firm summarizing enacted legislation including effective dates and key provisions. | We used it to explain what foreign buyers can and cannot own under the new framework. We also used it to highlight which 2025-2026 legal changes matter most for pricing and procedures. |
| National Statistics Office of Vietnam (GSO) | It's the official statistics agency whose demographic numbers serve as the reference point for all other analysis. | We used it to link housing demand to population and migration trends. We also used it to assess whether demand is likely driven by end-users or investors. |
| Global Property Guide | It's an international property research platform providing standardized price and yield data across countries. | We used it to benchmark Vietnam's mortgage rates and market trends against regional standards. We also used it to verify price appreciation estimates with independent analysis. |
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