What do I need to know when buying property in Vietnam?
When we asked expats what advice they would give a foreigner before buying a property in Vietnam, they said...
"1. It is wise to consult specialized lawyers when contemplating purchasing property in Vietnam, as laws and regulations can be complex and vary from municipality to municipality. 2. Land in Vietnam is typically state-owned and is leased to individuals more often than it is sold outright. 3. The foreign ownership of property in Vietnam has various restrictions and limitations. 4. Overseas buyers must Incorporate a Vietnam-registered company in order to hold title to property in Vietnam. 5. All forms of real estate transactions involving foreigners must be processed in accordance with applicable Vietnamese laws and regulations. 6. Due diligence concerning the title and liens on the property must be undertaken, as well as a survey conducted prior to finalizing the purchase. 7. It is important to stay informed of any changes to laws and regulations regarding foreign ownership of property in Vietnam," said a member in Vietnam.
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Other Questions:
- What do I need to know before moving to Vietnam?
- How do I find a place to live in Vietnam?
- What is a typical expat home or apartment like in Vietnam?
- What is the average cost of housing in Vietnam?
- Should I buy or rent a home in Vietnam?
- What should I pack when moving to Vietnam?
- What cultural faux pas should I try to avoid making in Vietnam?
- Why do people move to Vietnam?
- What are healthcare services like in Vietnam?
- What are medical services in Vietnam like?
- What are typical rents in Vietnam?
- What appliances are typically included in a rental?
What do I need to know when buying property in Vietnam?
If you live in Vietnam, newcomers to Vietnam would love to hear your answer to this question:
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.