Property for sale in Vietnam
Vietnam is a country in the south-east. It borders to the north with China, to the west with Laos and Cambodia, to the east and to the south it overlooks the South China Sea, between the Chinese island of Hainan and the north of Vietnam forms the Gulf of Tonkin. To the south, for a short distance, Vietnam overlooks the Gulf of Siam. Its capital is Hanoi.
In recent years, the real estate market in Vietnam is experiencing rapid growth, attracting more and more foreign investors interested in buying a property for sale in Vietnam.
First of all, if we compare the prices of property for sale in Vietnam and price of luxury residential complexes with those of the other countries of the Asian area, we will notice that they are much lower and, moreover, we should also take into consideration the charming Vietnamese landscapes. Vietnam is also accelerating its urbanization process, which is why the Government is providing homes at an affordable price to individuals who receive low income.
Foreign citizens can buy property for sale in Vietnam, houses, apartments and villas according to the relative property rights, but with two limitations: first of all the property right is not permanent, it is valid for 50 years; then in a particular district or section of the administrative department each person can buy a limited number of property for sale in Vietnam.
The influence of the first limit is that the Vietnamese land is owned by the State and the right to use the land can be granted for an indefinite period of time or for a limited period of time. In general, usage rights for indefinite periods of time are only granted in a few cases, such as residential or residential use. Even for the second limitation, the total number of units and square footage is not limited, even if foreign investors can only buy a certain number of houses within the boundaries of a district or section of the administrative department.
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