What Attracts Foreigners to Vietnam

There are many reasons a foreigner would be interested in Vietnam. The country boasts a culturally diverse background that fascinates many individuals. It is home to various historical architecture and ancient temples, there are also several local delicacies that many food lovers can’t resist. Vietnam also has a ton of activities such as hiking, sightseeing, boat cruises, local festivals, and many more to keep a visitor coming back for even more wonderful experiences. The beaches, landscape, cuisines, and unique attractions are only a few of the reasons foreigners flock to Vietnam.

The country’s economic growth and welcoming atmosphere to expats and foreign investors are also reasons Vietnam receives numerous visitors yearly. If you’re not visiting the country to explore its beauty and experience the culture, you may be there to work and enjoy the affordable cost of living the citizens enjoy. Aside from these reasons, foreigners can also consider buying property in Vietnam. Real estate in Vietnam is a common investment amongst foreigners due to its high profitability as a form of investment and of course to have a place to live if you are an expat in the country. There is a vast range of properties available for investment, some are under construction but are no less profitable while you can also get ready-made and furnished properties such as flats, villas, condominiums, and townhouses.

Opportunities in buying property in Vietnam

There’s a big difference between simply visiting a country for the summer and investing your hard-earned money into the country’s real estate. Many people are scared of investing especially in a foreign country because they do not want to lose their money. Vietnam is pleasing to the eye and will give you memorable experiences as a tourist but beyond that,  the country also gives solid benefits to its investors. Once you invest in real estate in the country, the following are the perks you enjoy;

1. Rental Income: Once you purchase a property, you can rent it out to others. Tourists as well as expats flock yearly to the country so real estate is definitely in demand. Depending on your preferences as well as the location of your property, you can decide to make it a place for tourists to stay and make memories or a home for an expat in Vietnam or even a local for a nice sum of money. With a steady rent income, you can make back your capital and even more without lifting a finger.
2. Getting your dream home in Vietnam: Perhaps you have decided to stay and work in Vietnam, the choice of buying a property might just bring the kind of home you’ve always wanted to reality. You’d get to live in a house of your own that makes you happy simply by living in it. Even if you do not work in Vietnam, your dream home could be a holiday home where you can come anytime you want to unwind and have new experiences in the beautiful country of Vietnam.
3. Long-term investment gain: The beautiful thing about buying property in Vietnam is that the real estate market has continued to record steady growth, this means that the value of properties appreciate as time goes on. Think of it as keeping money away for the future except that instead of your money remaining the same, it is growing steadily. If in a few years, you decide to resell your property, you would make your initial capital as well as a profit.

Because real estate in Vietnam is affordable and the government is very welcoming towards foreign real estate investors as well as the benefits mentioned above, it is safe to conclude that investing in Vietnam property as a foreigner is not only reasonable but also profitable.

Who can buy property in Vietnam?

Many countries have stringent regulations guiding foreign investment in their real estate therefore it is only fair to want to know if you are eligible to buy property in Vietnam. The good news is that the real estate market in the country is generally open to foreigners. According to Vietnam-Real.Estate, foreigners can buy property in the country as the law restricts property rights to land only. A foreign investor can only buy land solely to build a house and this land has an ownership tenure of 50 years which of course is renewable. This, however, does not mean the investor cannot sell the property at any time he/she wants. There may be a few regulations here and there to investment in property but you can rest assured that your rights would not be violated, you are allowed to buy property as much as you want within the regulation, rent it out if you’d like, and even sell it anytime you want. The government is so welcoming to foreigners that you may even buy a property with only a tourist visa, it cancels out the strenuous process you may go through elsewhere before being deemed eligible to be a real estate owner in the country.

Taking the step to buy your property

You should make sure that you gather all the information you can before making the final decision to buy a property in Vietnam. This is to ensure that all your doubts about investing in Vietnam are dispelled. Explore your options in the available properties in the country and don’t be afraid to ask questions during the process. It is best to go through a trusted real estate aggregator website where you can examine the available properties at your own pace and even get connected to legit real estate agencies and agents that will handle the sale of the real estate. You may as well hire a lawyer if you feel you need additional guidance or clarification about the process. Ultimately, take your time and be sure to make informed decisions.