With over 40,000 condominiums being launched in 2017 and 2018 in Ho Chi Minh City alone, is ‘bubble trouble’ on the cards for the city’s already heated real estate market?
As property developers offer attractive payment terms, banks providing affordable mortgage rates and increased talk allowing expatriates to take out mortgages, more and more local and foreign Vietnamese property investors have begun building a nest egg. And while you begin to shift your investment dollar away from gold and green back to bricks and mortar, make sure you consider the following steps before you start:
Vietnamese have long been accustomed to considering their doorsteps and streets as a natural extension of their homes. With ground floor shops overflowing onto the street and homes open to the passer-by’s view, what will happen to the Vietnamese daily soap opera that is life, as the urban landscape changes?
A question I get asked by investors both local and foreign is why multinational retailers are more than ever piling into what some observers are (for better or for worse) referring to as the “next China”. The demand for retail property in prime locations is higher than ever. The answer? People and policy.
When Vietnam’s National Assembly passed on Nov. 25, 2014, the long-awaited amended Housing Law that finally addressed the issue on foreign ownership of property, we in the real estate industry had no idea what to expect.
From Jul. 1, foreigners can buy property in Vietnam. Here are the caveats
Vietnam will allow foreigners to buy houses for the first time from Jul. 1, 2015, with one simple requirement - they must enter Vietnam legally, reports Thanh Nien News. However, there are still restrictions on where foreigners are able to purchase houses. And it is unclear whether individuals will be able to own land.
Under a proposal by the Construction Ministry, all foreigners staying in Vietnam on a visa valid for more than three months will be able to buy houses in the country, and may hold house ownership for 50 to 70 years.
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A service dedicated to finding people a place to live. With an extensive list of properties that fit any price range and preference, they can have you moved into a new house within days. Help with motorbike rentals, visas and other information about living in Vietnam is also available. All services provided free of charge.
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