Posted 17.11. 2020 by Cekindo
Can a foreigner buy a house in Vietnam? The Vietnamese Law indicates that foreigners or foreign entities can rent, buy, inherit, or receive project-based commercial houses, but not in locations that are prohibited for foreign house ownership.
Foreign entities include foreign enterprises foreign representative offices, branches of foreign banks in Vietnam, and foreign-invested funds companies. As for foreign individuals, they must have the legal right to enter Vietnam as per Vietnamese Law.
Currently, a foreigner can own more than one property thanks to the new Housing Law. However, there is still a limited number of houses that a foreigner or a foreign entity can own in specific areas.
To buy a house in Vietnam, you must fulfill one of the two requirements: you are allowed to enter Vietnam legally or you invest in a housing construction project in the country.
1. Individuals who Are Legally Allowed to Enter Vietnam
2. Foreign Individuals who Want to Invest in Projects
According to the Housing Law in Vietnam, foreigners or foreign entities must adhere to certain obligations for owning a house in Vietnam. They are also eligible for specific rights as homeowners.
Here are the principles steps for foreign individuals or foreign entities to purchase a house in Vietnam:
Vietnam’s property market is thriving, where the vacation homes, luxury residential market, apartments, and villas have all seen ongoing growth.
Cekindo can help you buy a house in Vietnam from the most exclusive and sought-after selections. With the help of our specialists, your house purchase process will be a breeze. We ensure that the service we provide you is the best available in the region.
Our expert advice is supported by research-led and professional insights, making sure that you will only get the most updated, unbiased market information when you buy a house in Vietnam.
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