Just wanted to clear a question up about buying a house in vietnam. Do I have to live in Vietnam for 6 months before I can buy?

Hi Minq!

As I see it, I am afraid you cannot.
The only foreigners that have been able to buy so far are overseas Vietnamese with a resident card or Foreigners married to a Vietnamese.
Some condos, properties are available for sale for some foreigners who stay a long time, but under the form of a 50 year lease and with special conditions that are unclear to me.
My thoughts are based on experience, people I have met but I am not a lawyer, so I hope you will have more answers.

Jean Seb wrote:
Hi Minq!

As I see it, I am afraid you cannot.
The only foreigners that have been able to buy so far are overseas Vietnamese with a resident card or Foreigners married to a Vietnamese.
Some condos, properties are available for sale for some foreigners who stay a long time, but under the form of a 50 year lease and with special conditions that are unclear to me.
My thoughts are based on experience, people I have met but I am not a lawyer, so I hope you will have more answers.

In my experience too, despite many rumours.

So lets talk about rumours. I heard that a law will allow Viet Kieus to buy like Vietnamese do, especially give them the possibility to buy more than 1 property. Some owners are seemingly waiting for this law to sell their houses/apartments to get a better price... I heard that would happen soon. So rental prices might increase again.

hi jean

thnks for placing good info for us all to read.

i wanted to know how to claim an old property.

much thanks for your advice.

Hi F008,

That's a good question. I asked a year ago a lawyer about it. It told me there was 2 possibilities. It is more difficult or almost impossible to get a property back when the house has been confiscated for political reasons. If else you should prepare all the documents you have and see a lawyer. I know it is more difficult if the house has been sold after the confiscation which was the case with my family. I cannot really say more as I am not a specialist about this question.

jean

thnks so much for your words. although my case is not political, i know that i will need to consult a barrister anyways. can you recommend any ?...even for consultation....

plus i would love to know your experience on how you handled your situation since i see that it was sold to someone else ...and i might be in the same situation...

it would be nice to know...my email is This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

thnks so much again...always nice to talk to someone from my home...i do miss it....

best...F

if there is anything i can do for you, pls ask...thnks...

Hi F008 (secret agent?),
Last time the lawyer was talking about a new law that would make the claim easier/possible. My parents are coming next month to see with him if it is now possible. That's weird, people talk about new laws....
I will give you an update as soon as I know.

lol...yeah...secret agent...would be nice...

sorry for the late reply...too busy with wk...pls let me know how your queries go....

i wll rite back soon...i m traveling on work and wll be bck to chat more...

thnks again for everything...F

I found that one. It's likely, that is not the truth......




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VND30000 Expat demand limited to upscale apartments (Vietnam)
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Date: 2008-04-12, 3:59PM ICT


Expat demand limited to upscale apartments

Proposed regulations allowing foreigners to buy property will have minimal impact on Vietnam�fs property market, with demand expected to be limited to high-end apartments, an official said at a meeting in Hanoi Thursday.
The regulation on foreign home ownership, drafted by the Ministry of Construction, will be submitted to the National Assembly for approval next month.

With only a small number of foreigners becoming eligible to buy apartments under the new regulation, the impact on property prices would be limited, said Nguyen Manh Ha, head of the ministry�fs House Management Bureau.

Only about 10,000 foreigners will become eligible to buy apartments under the proposed new regulation and Ha said demand from this groupwas expected to be focused on upscale apartments.

To prevent home purchases for commercial purposes, the draft regulation states a foreigner who buys an apartment will only be allowed to sell the property after holding the ownership certificate for one year, the ministry said.

Eligible foreigners will be allowed to own apartments for 70 years under the proposed new regulation.

At Thursday�fs meeting with the National Assembly�fs Economic Committee, the Construction Ministry said about 80,000 foreigners now lived in Vietnam.
Of this group, about 25,000 people work in the country in investment projects.
Foreigners now rent more than 1,300 houses and apartments in Hanoi and 4,000 residences in Ho Chi Minh City.

GROUPS ELIGIBLE TO BUY APARTMENTS INCLUDE:
�¡ Heads of diplomatic corps and chief representatives of international organizations in Vietnam;
�¡ Foreigners who invest directly in Vietnam;
�¡ Foreigners who receive the President�fs or Government�fs certificates of merit or medals for their contribution to the country;
�¡ Foreign cultural activists and scientists who are working in Vietnam;
�¡ Foreigners who are married to Vietnamese residents and live in Vietnam;
�¡ Foreigners who are granted the title of honorary citizen of Vietnam by the President; and
�¡ Foreign-invested enterprises operating in Vietnam, excluding those operating in the real estate sector, who will be allowed to buy homes to lease to foreign employees.









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