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Olga Lunina
Olga Lunina

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Practical Considerations for Foreign Property Buyers in Vietnam

Vietnam's real estate market offers foreign buyers opportunities to purchase apartments and certain property types, though with specific limitations. Under current laws, foreigners can acquire properties through 50-year renewable leases, with ownership capped at 30% of units in any apartment building. The process requires proper documentation, including passport verification and often a Vietnamese bank account.

Popular investment destinations include Ho Chi Minh City's urban developments, Da Nang's coastal properties, and Phu Quoc's resort-style villas. Buyers should be aware of additional costs like maintenance fees, VAT (typically 10%), and registration charges. While financing options remain limited for non-residents, cash purchases are common.

For updated regulations and market analysis, Vietnam-Real.Estate provides reliable resources for prospective investors.

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