Sept. 26 – Foreigners working in Vietnam for an extended period of time must find housing outside of a hotel, generally by renting an apartment/house. In 2008, after a good deal of debate, the door was also officially opened for foreign individuals and organizations, as well as overseas Vietnamese citizens and organizations, to purchase apartments (not individual houses) in Vietnam.
The real estate market has not been highly affected by the new policy. By the end of 2011 a total of 296 foreigners and overseas Vietnamese (mostly the latter) had purchased apartments in Vietnam.
But as Vietnam’s real estate market has been relatively stagnant for the last three years and is currently a buyer’s market, an increasing number of foreigners are considering this possibility.
As housing is a challenge facing all foreigners in Vietnam – one that often involves company support – in this article, we provide an overview of renting and owning apartments/houses in Vietnam.
Here, we discuss:
- Legal specifications for renting and owning
- Locations and pricing in HCMC and Hanoi
Continue reading this article on Vietnam Briefing News.
