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Real Estate in Vietnam | Digital Nomad Exchange
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Nha Trang, Vietnam

Real Estate in Vietnam

By Joshua Wood, LPC

Last updated on Feb 05, 2024

Summary: An expat should search for a home to buy in Vietnam by researching the local real estate market and consulting with a real estate agent who is familiar with the area. It is also important to consider the location, size, and price of the property. Foreigners are allowed to own property in Vietnam, but there are restrictions on the type of property that can be purchased. For example, foreigners are not allowed to own land, but they can own apartments, villas, and houses. Houses in Vietnam typically include amenities such as air conditioning, internet access, and security systems. Depending on the location and price, some houses may also include a swimming pool, garden, and other luxury features.

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How do I find a place to live in Vietnam?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Look for established apartments with garden, close to work and shops, accessible but quiet, on the same side of town as airport, with trees and parks," said one person in Hanoi.

"One way to find a place to live in Vietnam is to enlist the help of a real estate professional. Most cities will have reputable agents that specialize in finding rental properties for expatriates and travelers. You can also search online for rental listings in Vietnam and reach out to the posted contacts. Additionally, the Vietnamese government operates a database of available rentals open to the public. It is likely that you will be able to find a range of options, from modest apartments and small homes to upscale condominiums and villas. Finally, networking with other expats who are familiar with the housing market in Vietnam is a good way to gain insights regarding potential rental opportunities," said one expat who made the move to Vietnam.

"Pure business matter; we could lease an industrial land plot on good conditions; housing was more difficult because of regulations at that moment," explained one foreigner living in Phan Thiet, Vietnam.

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The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.
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What is a typical expat home or apartment like in Vietnam?

"A 2-3 bedroom apartment or small house is typical for many expats unless they choose to pay $3000 or more monthly," said one expat in Hanoi.

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The TEFL Institute of Ireland

The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.

Learn More

The TEFL Institute of Ireland

The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.

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What is the average cost of housing in Vietnam?

If you are thinking about moving to Vietnam, cost of living in probably a key consideration. Expats commented about the cost of housing:

"Vietnamese love good living, food, style, high tech gazettes and travelling in vacation with family. Their average renting apartments are well equipped with all amenities and facilities. Love them they will help out of way. You can stay at cheapest hostels to lavish apartment depends on your budget. You will always feel like king in Vietnam. They are friendly and helpful. Welcome their smile with smile. You can get shelter at minimum 100 USD per month to no maximum limit for villa," remarked one foreigner who made the move to Vietnam.

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Should I buy or rent a home in Vietnam?

If you have not spent a lot of time in Vietnam, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"It depends on your personal preferences and financial situation. Buying a home in Vietnam can be a good option if you plan on staying in the country for a longer period of time, as it could be a sound investment opportunity. On the other hand, renting a home in Vietnam provides more flexibility and you are not tied to the maintenance and other financial responsibilities that come with buying a property. Ultimately, you should consider your particular circumstances when making your decision," explained one person living in Vietnam.

"In 2013 I retired and moved permanently to Viet Nam. I had met a Vietnamese woman and married her in 2014. I purchased a 4 story, 4 bedroom 3 bath home in HCMC for $140,000 and I have been living here happily ever since. I live in a Vietnamese district where there are very few foreigners, but I have met some at the pool I go to and at my gym. I also have a number of Vietnamese friends," said one expat in Ho Chi Minh.

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," explained one person living in Vietnam.

Are foreigners allowed to own property in Vietnam?

When we asked expats what advice they would give a foreigner before buying a property in Vietnam, they said...

"Yes, foreigners are allowed to own property in Vietnam. The Law on Housing of 2014 allows foreign individuals and organizations to own property in Vietnam, provided they meet certain conditions. These conditions include having a valid passport or visa, having a valid work permit, and having a valid residence permit. Foreigners are also allowed to lease property in Vietnam for up to 50 years. However, they are not allowed to own land in Vietnam," said one expat in Vietnam.

What appliances are typically included in a rental?

We asked foreigners in Vietnam what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Typically, rental properties in Vietnam come with basic kitchen appliances such as a fridge, stove, and electric cooktop. There may also be washing machines, electric fans, and air-conditioners. Furnishings and fixtures such as cabinets, closets, and even basic furniture may also be provided. Some rental properties even come with appliances like dishwashers, water heaters, and microwaves," explained one person living in Vietnam.

Additional Information about Searching for a Home in Vietnam:

We asked foreigners in Vietnam what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Vietnam by using online real estate websites, such as Batdongsan.com.vn, to browse listings of available properties. They can also contact local real estate agents to help them find a suitable home. Additionally, expats can search for homes in Vietnam by attending open houses and visiting neighborhoods to get a better feel for the area," said one expat in Vietnam.

About the Author

Joshua Wood 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.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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Nha Trang, Vietnam
SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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