Vietnam Real Estate Market Outlook 2021: A Complete Overview

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Vietnam opened up to foreign property investors as late as 2015 and has experienced fast growth since. Buyers from Hong Kong, Mainland China, Singapore, and Korea in particular, see Vietnam as a lucrative market with high ROIs.

Unfortunately, the market was hit hard by the COVID-19 pandemic in 2020 and we saw prices and rents fall by double digits.

With that said, the economy and the real estate market is set to rebound in 2021. Therefore, many investors are eager to understand what our predictions are for the market in 2021.

Therefore, we have written this article where we explain how the market has performed and what our predictions are for 2021.

In this article, we review the following:

How has Vietnam’s real estate market performed in the past years?

Vietnam has emerged as a thriving and fast-growing real estate market in Southeast Asia. Suffering from a housing bust in 2009, the market recovered in 2013 and has seen constant and fast growth.

The main reasons why investors see Vietnam as the number one choice in Asia are:

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Property for Sale in Ho Chi Minh City: 15 Interesting Projects

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Vietnam opened up to foreign property buyers in 2015 and Ho Chi Minh City continues to attract a vast number of investors.

Being one of the fastest-growing cities in the world, this commercial hub is undoubtedly one of the most interesting places for real estate investments in Asia at the moment.

You can find a variety of new projects in strategic areas, with high growth potentials.

In this article, you’ll learn about some of the most interesting new condominium projects in Ho Chi Minh City, located in the most promising districts.

Viewing the projects and surrounding areas in Street View (Desktop Version)

To check the projects and surrounding areas in Google Maps Street View, simply zoom in the area of the marker and pull the orange-colored Pegman to the marker, or nearby areas. You can track the marker/project in Street View as well.

To go back to Google Maps, press the arrow in the top left corner.

Projects Covered

The locations of the projects

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Buying Apartments in Ho Chi Minh City: The Ultimate Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

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Vietnam is on the rise and opened up to foreign investors as late as 2015.

The government made big changes to foreign property ownership regulations, nowadays, you can buy multiple condominium units by simply having a tourist visa.

Looking at cities, the most popular investment destination is Ho Chi Minh City, the biggest city in terms of population and economic output. This metropolis is the second-fastest-growing city in the world at the moment.

In this article, we take a closer look at how it works when buying apartments as a foreigner in Ho Chi Minh City.

Topics covered in this article:

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Buying Property in Vung Tau (Ba Ria): A Foreigner’s Guide

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Despite being in the shadow of Da Nang and Ho Chi Minh City, Vung Tau is the preferable weekend gateway for expats, locals, and travelers alike who reside in Southern Vietnam, especially Ho Chi Minh City.

With improved infrastructure and connectivity, you can reach this harmonious island within 2-3 hours. With a long shoreline, there are a number of condos and condotels that pop up here and there, attracting the attention of property buyers.

In this article, I explain the basics you need to know if you’re interested in buying a property in Vung Tau.

Can foreigners buy property in Vung Tau?

The same as it goes in other parts of Vietnam, you’re legally allowed to buy and own condo units in your own name. There’s no restriction on the number of units you can buy, but foreigners can own a maximum of 30% of the units in a condo building.

It’s important that you confirm with your agent or developer and assure that the quota hasn’t been filled.

Buying villas is also a popular option, where you can lease the land for a period of up to 50 years, even if the government has talked about increasing the term to 99 years. In general, the regulations for foreign ownership are going in the right direction.

If you buy a villa, 250 can be owned by foreigners in a given ward. This was not the case before 2015 when the Vietnamese relaxed the regulations to foreign ownership.

buying-vung-tau-property

Why is Vung Tau interesting for property purchases?

Vung Tau is not a sleepy backwater, but actually a city with hundreds of cafés and restaurants, many decide to settle down here for a long time.

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Investing in Vietnam Hotels: A Foreigner’s Guide

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The Vietnam tourism industry has grown with double digits year-on-year and it’s set to compete with countries like Thailand and the Philippines.

The pandemic has undoubtedly affected the market, but analysts also believe that it will be one of the fastest to recover.

We’ve seen increasingly more activity among foreign investors who look for opportunities to enter the hotel market. That’s why we have written this article and where you will learn the following:

  • Can foreigners buy hotels in Vietnam?
  • Hotel Ownership Regulations for Foreigners
  • Hotel Prices in Vietnam
  • Best Cities for Hotel Investments

Can foreigners buy hotels in Vietnam?

As mentioned in my separate article about buying residential property in Vietnam, foreign individuals have no issues to acquire 30% of the units in a commercial condominium project. Continue reading Investing in Vietnam Hotels: A Foreigner’s Guide

Property For Sale in Hanoi: 3 Interesting New Projects

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Hanoi is the capital, political, and cultural center of Vietnam. Even if Ho Chi Minh City is the most popular city among foreign real estate investors, Hanoi receives a fair amount of overseas buyers and becomes increasingly interesting.

The city is characterized by its four seasons, tasty cuisine, French-colonial buildings, and laid-back atmosphere. Not to forget, you find many embassies and multinational companies here.

If you plan to invest in Hanoi real estate you’ve come to the right place. In this article, we present some of the most popular real estate projects for sale in Hanoi at the moment.

Viewing the projects and surrounding areas in Google Maps (Street View)

To check the projects and surrounding areas in Street View, simply zoom in the area at the marker and pull the orange-colored Pegman to the marker.

To go back to Google Maps, press the arrow in the top left corner. Continue reading Property For Sale in Hanoi: 3 Interesting New Projects

5 Best Districts to Buy Property in Hanoi: Complete Guide

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Selecting an area with future growth potential is essential for overseas investors who seek high capital appreciations when buying real estate. Hanoi is not an exception, with significantly high growth, the market changes fast here.

At the moment, the city mainly develops towards the West, leaving space for new real estate projects as the central areas have become too crowded. With that said, there are other areas of Hanoi that are interesting and that you should check before going into detailed planning.

In this article, we list some of the most interesting areas and districts to invest in Hanoi property.

Tay Ho

Tay Ho is a popular area for property investors, it is positioned in the Northern parts of central Hanoi and surrounds the beautiful West Lake, one of the biggest natural lakes in Vietnam.

The district is also right next to the Red River and a relaxed high-end area. With that said, you’ll reach the more busy areas of Hanoi in a short distance. Thanks to its many green areas, expats and families decide to live here. Continue reading 5 Best Districts to Buy Property in Hanoi: Complete Guide

Vinpearl Da Nang Resort & Villas – Vinhomes, Da Nang

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Vinpearl Da Nang Resort & Villas is a luxurious landed project that has 39 villas located at the shore. The location is popular among foreigners and referred to as a golden location as it’s right on Non-Nuoc beach.

Forbes Magazine claims that this is one of the most beautiful beaches in the world, which speaks for itself. You can find the beautiful sea, the sacred Ngu Hanh Mountains surrounding the project, and the units have a traditional Cham style with French-style architecture.

You can also find many luxurious facilities and amenities here such as a spa, outdoor pool system, restaurants, bars, sports area, and kids club daycare. Thus, it is suitable for families who look for a place to spend their vacation.

Summary

Unit Types

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3 Best Areas to Buy Property in Da Nang: Complete Guide

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Da Nang is one of the biggest cities in Vietnam that has seen great growth of inbound tourists in the past years. The city has some of the country’s most beautiful beaches and offers a vibrant atmosphere, thanks to the many corporations that open offices here.

As such, people don’t only live in Da Nang for retirement or vacation purposes, but to pursue careers and engage in business. Even if Da Nang is smaller than Ho Chi Minh City and Hanoi, it can be difficult for some foreigners to understand where they should buy property there.

In this article, we list some of the best areas you should have a look at if you plan to buy property in Da Nang. Continue reading 3 Best Areas to Buy Property in Da Nang: Complete Guide

Vinpearl Da Nang Ocean Villas – Vinhomes, Da Nang

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Vinpearl Da Nang Ocean Villas is a 5-star resort and a highly acclaimed project along the shoreline in Da Nang. It’s one of the biggest integrated resort developments in the central parts of Vietnam with more than 100 luxury white 2-story villas.

From here, you have an astonishing view of the East Sea and access to numerous facilities and amenities, including private swimming pools, tennis courts, a golf court, and more.

It’s located in a peaceful and tranquil environment and you’ll reach Hoi An in as little as 15 minutes and Da Nang International Airport in 20 minutes.

In this article, we review the project in greater detail. If you want to know more about Vinpearl Da Nang Ocean Villas, feel free to send us a message at the bottom of the article.

Summary

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