Real estate prices in Hanoi pedestrian streets

Abstract

Nowadays, the pedestrian streets in Hanoi have been invested and expanded by the city government, not only a place to organize commercial services, shopping, tourism, food, entertainment, recreation but also an important factor contributing to improving living conditions and promoting local economic development. Through the method of surveying, map, and experts, it shows remarkable achievements of the pedestrian streets in Hanoi. The huge economic benefits and the potential to increase the outstanding real estate value that the pedestrian streets bring many small and medium enterprises, especially family businesses to find a suitable way to develop business models. The pedestrian streets’ success is proven by the rise of real estate in the area. The pedestrian streets have really become a level to help increase the value of real estate in Hanoi. This article will clarify the value of real estate when forming pedestrian streets in Hanoi, especially in the historic inner city. From there, make recommendations on the organization of architectural space and landscape of the pedestrian streets to enhance the value of real estate in the future.