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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