What should you pay attention to when investing in real estate in Vietnam?

Vietnam’s new law has opened up Vietnam’s real estate market. Any foreigner with a valid visa, whether a resident or tourist, can now purchase a property within a 50-year lease period, with the option to extend. The only restrictions are: foreigners can only purchase 30% of any single apartment complex or a maximum of 250 houses within an administrative area. Therefore, investors should pay attention to the following points when investing in real estate in Vietnam:

There are only two restrictions for foreigners purchasing houses in Vietnam:

1. The property rights of the houses are 50 years. (You can only buy new houses, not second-hand houses) (Resell to foreigners, and the house property rights of foreigners will become permanent)

2 Each person can only own a maximum of 100,000 yuan in an apartment complex or a district-level administrative division. A house.

There are no restrictions on the area and total number of houses purchased by foreigners, but the total number of houses owned by foreigners in each apartment complex cannot exceed 30%. The number of houses owned by foreigners in each district-level district (including villas and townhouses) cannot exceed 250 units.

Foreigners and organizations buying houses can rent, transfer or sell their houses just like Vietnamese citizens.