What should I pay attention to when investing in Vietnamese real estate?

Vietnam's new law has opened up the real estate market in Vietnam. Any foreigner with a valid visa, whether a resident or a tourist, can now buy a property within a 50-year lease, and can choose to extend the lease. The only restriction is that foreigners can only buy 30% or at most 250 apartments in any single apartment building in an administrative area. Therefore, investors should pay attention to the following points when investing in Vietnamese real estate:

There are only two restrictions for foreigners to buy a house in Vietnam:

1 50 years of property rights. You can only buy a new house, not a second-hand house. If you sell it to a local, the local property rights will be changed to permanent.

Everyone can only own one house at most in an apartment community or a workshop-level administrative division.

The area and total number of houses purchased by foreigners are not limited, but the total number of houses owned by foreigners in each apartment community cannot exceed 30%, and the number of houses owned by foreigners in each square partition (including villas and townhouses) cannot exceed 250.

Foreigners and organizations that buy houses can rent, transfer or sell houses like Vietnamese citizens.