VIETNAM
Open a bank account
Inward remittances
Purchasing of the property
Get SPA stamped and the stamp duty
Congratulations ! Your are now a property owner
Ownership of the property
Land Use Right Certificate (LURC)
Sale/Lease of properties
step by step
Numbers
6.7%
Economic growth
10%
Downpayment
6.6%
Year-on-year housing price index 2017
Vietnam’s strong economic growth since 2015 has pushed the domestic property market into the positive development period that have significantly contributed to the country’s socio-economic growth during the period. The real estate market has experienced a thriving and stable development since 2015.
The segments of land and small-and-medium sized apartments will change, in term of prices in some areas. Meanwhile, resort properties will continue to develop. On the back of solid economic fundamentals, Vietnam’s gold, oil and stock prices picked up and its real estate market remained buoyant despite instability in international economies. Leasing activities continue to gain momentum. Rent growth and occupancy levels witnessed sustained improvements across all property types. Vietnam’s condominium sector continued the strong momentum seen in 2015 and reported positive figures in 2016, although there have been growing concerns about oversupply.
The gravitation of big-name developers towards the lower-end segments is expected to hold up market sentiment and bring balance to the condominium sector of this lower middle-income country. For property investment, the residential sector will continue to attract developers and investors as fundamentals still look positive.