Real estate in vietnam

Real estate in vietnam / Vietnam emerges as an important destination for real.
A large number of economists said that the real estate market of Vietnam is attractive after bottoming out and showing signs of recovery, the Government news portal reported.

Dang Duc Thanh, Dean of the Vietnam Economists Club said that real estate prices in Vietnam fell by a half against 2007 and costs of numerous departments bottomed out.

In the period from third quarter of 2014 to early 2015, the domestic real estate market will be improved if the Government continues to support enterprises

to handle high inventory levels and non-performing loans and raise liquidity for the real estate market.

According to Neil MacGregor, Managing Director of Savills Vietnam – a real estate developer, the domestic real estate market is in an attractive period.

Neil MacGregor said that Vietnam is standing at the bottom point of a real estate cycle when other Asian markets remain at the other side

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are likely to be on the decline in the next few years. Hence, Vietnam serves as an important destination for investors in Southeast Asia.

He also revealed that customers of Savills Vietnam from Japan, Singapore, and the Republic of Korea are intending to join long-term and large-scale projects on housing development in Vietnam.

Phan Thanh Mai, Secretary General of the Vietnam Real Estate Association said eight commercial banks are working on a pilot programme to connect investors, bidders

material providers and banks to remove difficulties and handle high inventory levels in the real estate market. The move has defrosted the real estate market.

Stimulating real estate market

- Conditions for foreigners in Vietnam to buy and own houses have been loosened under the revised Law on Housing announced by the Presidential Office last week.

The new regulations will help Vietnam attract more foreign currencies and stimulate the real estate market.



Measures to prop-up real estate market Real estate market starts to recover

Under the revised Law on Housing, foreign organizations and individuals that are investing in accommodation building projects in Vietnam;

foreign invested companies and their branches and representative offices, foreign investment funds, foreign banks’ representative offices

foreign individuals legally permitted to enter Vietnam are all allowed to buy and own houses in Vietnam.

Stimulating real estate market

Regulations allowing foreigners to buy houses in Vietnam have been piloted over the past five years, but they were so strict that only a few foreigners managed to own houses.

The revised Law on Housing expands the subjects and conditions for owning houses in Vietnam for foreign individuals and organizations.


Le Hoang Chau, President of Ho Chi Minh City’s Real Estate Association said, “The revised Law on Housing creates the most favorable conditions for foreigners to buy

own houses in Vietnam. Under the Law, after immigrating to Vietnam, foreigners are allowed to buy villas, apartments

and semi-detached houses in the projects that the government doesn’t forbid. They are allowed to buy a maximum of 30% of apartments in a building and not more than 250 houses

if they buy semi-detached houses or villas in the same ward.”

The 70,000 foreigners working and living in Vietnam creates a big demand for houses. The increasing presence of foreigners in Vietnam is a factor that will help stimulate the real estate market.

Doctor Pham Sy Liem is Vice Chairman of the Vietnam Federation of Civil Engineering Associations: “The further opening of the real estate market for foreigners will increase the market supply.

Because they are professional investors, they will bring us more experience in real estate business. This will help us fine-tune the market mechanism more quickly”.

Doctor Le Ba Chi Nhan is a real estate expert: “By just immigrating to Vietnam, foreigners are allowed to buy houses. This is a really favorable condition for them.

The new regulations will help promote the cash flow and stimulate the consumption of this special kind of goods”.

Vietnam’s real estate market is attractive. The revisions to the revised Law on Housing will bring about both opportunities and challenges for Vietnamese enterprises. Nguyen Ngoc Thanh,



Vice President of the Vietnam Real Estate Association shared, “The new regulations create new opportunities for investors and demands for the real estate markets.

There are certain investment standards as well as regulations of international practices that we have to abide by. These are also challenges for investors”.

Professor Dang Hung Vo, a real estate expert, says that the revisions to the Law on Housing creates great opportunities for the Vietnamese real estate market.

“In addition to revising the Law on Housing, we should help foreigners to believe in the stability of the Vietnamese legal system.

Foreigners should be aware that that they can have their own houses in Vietnam and are protected by the State.”, he said.

Stimulating real estate market

- Conditions for foreigners in Vietnam to buy and own houses have been loosened under the revised Law on Housing announced by the Presidential Office last week.

The new regulations will help Vietnam attract more foreign currencies and stimulate the real estate market.

Measures to prop-up real estate market Real estate market starts to recover

Under the revised Law on Housing, foreign organizations and individuals that are investing in accommodation building projects in Vietnam; foreign invested companies and their branches and representative offices

foreign investment funds, foreign banks’ representative offices and foreign individuals legally permitted to enter Vietnam are all allowed to buy and own houses in Vietnam.

Stimulating real estate market

Regulations allowing foreigners to buy houses in Vietnam have been piloted over the past five years, but they were so strict that only a few foreigners managed to own houses.

The revised Law on Housing expands the subjects and conditions for owning houses in Vietnam for foreign individuals and organizations.



Le Hoang Chau, President of Ho Chi Minh City’s Real Estate Association said, “The revised Law on Housing creates the most favorable conditions