More than 750 foreigners have already owned houses in Vietnam

18/08/2017   Viewed: 762
According to the Ministry of Construction, since the Housing Law in 2014, more than 750 foreigners have been granted house ownership certificates in Vietnam.
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This figure is nearly six times the 8 year implementation of the old policy under Resolution 19/2008 / QH11.

However, some experts in the field of real estate that even if the policy for foreigners to buy houses in Vietnam has been "untied" the number is not as expected.

The Department of Housing Management and Real Estate Market Ministry of Construction explained that the transaction of foreigners buying real estate in Vietnam is not much, because it depends on many factors such as the economic ability of foreigners , Jobs in Vietnam, demand, location, price of housing ...

Ministry of Construction said that in the current period, the provisions of the law on housing related to housing policy in Vietnam by foreign organizations and individuals has been really open, On the subject, the conditions of ownership, the number of houses owned ... and in accordance with the current situation.

Mr. Nguyen Khanh Duy, Director of Housing Business Division of Savills in Ho Chi Minh City, said that basically, the legal procedures for owning real estate in Vietnam for foreigners Received positive feedback from both seller and buyer after nearly 3 years of implementation.

According to Savills statistics, only in the real estate market in Ho Chi Minh City, in the past two years there have been thousands of successful transactions with foreign customers.

In 2017, there were a lot of projects that "hit the ceiling" owning foreigners in a quick time.

The attraction of foreigners to buy houses in Vietnam in accordance with the law is expected to create more capital and liquidity for the market, especially with high-end product segment is plentiful.

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