Vietnam
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...
"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," remarked another expat in Ho Chi Minh City, Vietnam.
"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," 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?
Should I buy or rent a home 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.
