Vietnam is one of the most favourable countries to launch your new business or to invest in a property. What’s more is that foreigners can own all types of properties thanks to the Housing Law of 2015.
Here are the reasons why you should buy in properties Vietnam now.
High Economic Growth, Great-valued property prices
Ousmane Dione, the World Bank Country Director for Vietnam, said that Vietnam’s economic growth is noteworthy, especially because of its high economic growth for 2017 and the first quarter of 2018.
Vietnam’s real GDP reached 7.4 percent during the first quarter of 2018. Furthermore, it is expected to reach a global GDP growth of 3.1 percent at the end of the year.
According to a South China Morning Post report, Vietnam’s great-valued property prices invited more buyers, especially in Hong Kong and China. The report stated that it costs an average of HKD 2,800 per square feet to buy a new home in Ho Chi Minh City. This makes Vietnam a magnet for property investment.
The demand for luxury apartments near central business districts has also increased. In Ho Chi Minh City, one could get a luxury home for only VND 115 Million, said Savill’s associate director for International Residential Sales Sunny Hoang. If you do the conversion, it is a property investment with a real value for money, as compared to other Asian countries.
Coastal cities like Danang, Phu Quoc, Ho Tram, and Quang Nam are currently seeing an increasing demand in the luxury real estate market. This is due to the high demand for vacation homes and permanent homes because of the surrounding facilities.
One of the formidable establishments in the coastal areas is The Bluff. It is a world-class golf course designed by the legendary golfer Greg Norman. Along with this are entertainment complexes that feature first-class pools, bars, restaurants, spas, and casinos. Vietnam also boasts of its incredible tourist spots such as Phu Quoc’s Long Beach, Hanoi’s Temple of Literature, and Ha Long Bay.
With Vietnam’s tourism, you can buy your own house for your vacation. Or, you could even generate cash from renting it out. It’s a win-win situation.
Do more & explore more
Being at the centre of South East Asia, Vietnam is close to China in the North, Laos in the northwest, Cambodia in the southwest, and the South China Sea in the east. With Vietnam’s position, it is easy to access different countries, skipping all long hours of travel. This provides Vietnam with an advantageous property market. You can also experience different cultures. This will make living in Vietnam more meaningful.
Favourable Regulations for Investors
More and more developers, big or small, are entering the country. What makes this country appealing for real estate investors and buyers is the government’s Foreign Direct Investment (FDI). The FDI allows foreigners who invest in specific geographical areas or that have specific interests e.g. technology and medicine, will have special tax benefits. These benefits include lesser income tax, exemption from import duty, and tax reduction or exemption from land rental or land use.
As you can see, investing in Vietnam will not leave you empty-handed as it is a great property investment. This country assures cash flow, stability, and a vibrant experience – a true worthwhile real estate investment. Go to our website to learn more about Vietnam property for sale. If you want to invest in Vietnam property now, do contact us!