Property valuation in Vietnam: A Guide for Foreign Buyers

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This article is a part of the Real Estate 101 series by Homebase, a leading PropTech company that provides a more flexible alternative to mortgages for foreigners in Vietnam, and is co-created with their team.

In recent years, the Vietnamese real estate market has grown rapidly and attracted foreign investment. Transactions are in the millions of dollars per unit, making Vietnam an appealing place to live and invest.

As a potential property buyer, it’s important that you can recognize a good deal when you see one. An important question to ask, though: What are the most useful property valuation methods in the market?

As you browse property listings, you’ll encounter many shapes and sizes with potentially varied prices. By using the methods we recommend in this article, you can better estimate the value of these assets and have a higher chance for a good deal.

Today, we review what real estate evaluation is and explain seven core methods when evaluating properties.

What is real estate valuation?

In short, real estate valuation is the gathering, analysis, and assessment of information and data to evaluate the worth of real estate. Continue reading Property valuation in Vietnam: A Guide for Foreign Buyers

Vietnam Real Estate Market Outlook 2022: A Complete Overview

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Do you plan to buy property in Vietnam?
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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 by the COVID-19 pandemic in 2020 and 2021, we saw prices and rents fall by double digits.

Many investors are eager to understand what the predictions are for the market in 2022. As borders start to open, real estate buyers can resume traveling and visit Vietnam, which is crucial.

In this article, we explain how the market has performed in previous years and our predictions for 2022.

Topics covered:

Vietnam’s Real Estate Market in Previous Years

Vietnam’s property market has emerged as one of the fastest-growing in Southeast Asia. Suffering from a housing bust in 2009, the market recovered in 2013 and has seen constant and fast growth since.

The reasons why investors have opened their eyes to Vietnam’s property market are:

Continue reading Vietnam Real Estate Market Outlook 2022: A Complete Overview

How to Get a Property Loan in Vietnam: Foreign Buyer’s Guide

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Vietnam’s property market is hot and massive infrastructural projects are planned in places like Hanoi and Ho Chi Minh City. The new metro lines and other investments help to drive up the property prices, rental yields can range up to double digits.

Investors sometimes ask me whether it’s possible to receive local financing to buy property in Vietnam.

I decided to do more research and write this article, where I explain how to finance your property in Vietnam as a foreigner.

In short, it’s difficult to own property in Vietnam and impossible to own land without Vietnamese citizenship.

But here’s the good news: Even when foreign ownership is not favored, you can still get property financing through several emerging real estate companies that offer a better alternative.

There are several alternatives to home financing in Southeast Asia that provide a different route to loans and financing at the moment. Perhaps the market leader is Homebase, a leading Southeast Asia Proptech company that offers services in Vietnam. Continue reading How to Get a Property Loan in Vietnam: Foreign Buyer’s Guide

Buying Property in Bali: The Ultimate Guide

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

Bali is one of the most popular resort destinations in the world and is famous for its unique culture and beaches. People from all over the world decide to invest in real estate, or even settle here full-time.

Saying that the Bali property market has performed well in the past decade is an understatement, something we will review later in this article.

However, Indonesia is also notorious for having some of the most unfavorable foreign property ownership regulations in Asia. Before you invest in Bali real estate, you must get your feet wet, learn about local regulations, and work with credible partners.

In this article, we cover the basics when property in Bali.

Topics covered:

Continue reading Buying Property in Bali: The Ultimate Guide

Top Real Estate Websites in Hong Kong: An Overview

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Hong Kong has the most expensive and one of the most active real estate markets in the world. Prices have gone through the rough and the average home price is now around USD 1.2 million, which is kind of amazing.

Riding the wave of this growing real estate market, we have seen multiple websites popping up that focus on helping locals. Not only do the portals provide guides and advice, but often list units for sale or rent.

In this article, we take a closer look at the top real estate websites available and what makes each of them unique.

If you have any other recommendations of real estate websites available, feel free to write a comment at the bottom of the article.

1. Squarefoot

real estate portal in Hong Kong is a leading real estate portal in Hong Kong that provides much valuable information to readers that look for real estate in Hong Kong.

Buyer’s guides, first home recommendations, luxury home information, property news, and topics around interior design. Continue reading Top Real Estate Websites in Hong Kong: An Overview

How to Buy Property in Yokohama: The Definitive Guide

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Investors are moving firmly towards the Yokohama property market as Tokyo has gone increasingly expensive over the years.

In fact, Yokohama is an overlooked city that is getting more and more appreciated, not only by locals but also foreigners.

With an increasing population, the demand will stay relatively high, compared to many other cities in Japan.

Before you invest in Yokohama property, you must get your feet wet and learn about the property market and buying regulations for foreigners.

In this article, we share valuable information with property buyers who are interested in the Yokohama real estate market.

Topics covered:

  • The Yokohama Property Market
  • Where should I buy property in Yokohama?
  • Real Estate Agents in Yokohama

The Yokohama property market

Yokohama is the second-largest city in Japan in terms of population, but the most populous in terms of density. Continue reading How to Buy Property in Yokohama: The Definitive Guide

Top China Real Estate Websites: An Overview

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The Chinese are well-known for buying real estate overseas in countries like the US, Australia, Thailand, and the UK, just to mention a few.

Yet, China also has a massive domestic real estate market that has grown remarkably in the past 20 years.

Locals predominantly look for real estate in China, a few foreigners too, primarily for personal reasons.

A question many ask is what the biggest real estate websites in China are. Some believe that Zillor is available in China, which is not.

Instead, you have to turn to local real estate platforms that most foreigners haven’t heard of. In this article, we review the biggest real estate websites in China, explaining what makes them all unique.

1. Fang.com

Fang simply translates to room in Chinese and is one of the leading online real estate platforms. The company focuses on marketing real estate in mainland China and has around 65 offices, covering 658 cities. Continue reading Top China Real Estate Websites: An Overview

How to Buy Property in Nha Trang: A Complete Guide

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Many foreigners buy condominium units or villas for retirement or holiday purposes in Nha Trang.

Compared to Da Nang, the city relies heavily on tourism and doesn’t have as much commercial activity as Ho Chi Minh, Hanoi, and Hai Phuong.

Its relaxed vibe, tasty seafood, and low real estate prices make Nha Trang one of the prime options for real estate buyers. Before you buy real estate here, you must get your feet first though.

In this article, we review some of the most important topics for foreign real estate buyers.

Topics covered:

  • Nha Trang as a Tourist Destination
  • Buying Villas in Nha Trang
  • Buying a Condo in Nha Trang
  • Realtors in Nha Trang

Nha Trang as a Tourist Destination

Nha Trang is slightly smaller than Da Nang and the 6th biggest city in Vietnam with a population of around 600,000. Being located between Ho Chi Minh and Da Nang has other major cities just around the corner. Continue reading How to Buy Property in Nha Trang: A Complete Guide

Buying a Condo in Phnom Penh: A Beginners Guide

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Phnom Penh is the capital and largest city in Cambodia. You can find most real estate investment opportunities here, no matter if you seek to buy condo units or commercial property.

While the real estate market slowed down during the pandemic, some believe that the market has much growth potentials in the coming decade.

In this article, we review the most important topics on how you can buy real estate in Phnom Penh as a foreigner.

Topics covered:

  • Property Ownership Regulations in Cambodia
  • Best Districts to Buy Condominium Units in Phnom Penh
  • Phnom Penh Real Estate Agents
  • Phnom Penh Real Estate Developers

Property Ownership Regulations in Cambodia

Foreigners can only buy strata-titled real estate on a freehold basis. Strata-titled properties can typically be found in branded condominium projects, and sometimes as commercial shophouses.

The same as for most other Southeast Asian countries, you cannot buy land here as a foreigner. Continue reading Buying a Condo in Phnom Penh: A Beginners Guide

Top China Real Estate Agencies: An Overview

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China has a massive real estate market and locals invest as much as two-thirds of their savings in real estate.

By comparison, US citizens invest around one-third in real estate, diversifying investments in different assets.

Due to its vast size, it’s hard to review China’s real estate market as a whole. Instead, many analysts review markets by cities and clusters.

While Shanghai has experienced a significantly overheated real estate market, cities like Wuhan have been promising.

If you’re a foreigner and plan to invest in Chinese real estate, you will most likely work with a local real estate agent.

While there are plenty of multinationals available, you can also find many small-sized agents.

In this article, we primarily review larger companies that help foreign investors with procurements of commercial and residential property. But, we will also review smaller agencies that can be suitable for individual buyers.

1. Savills China

Savills is one of the biggest real estate companies worldwide, having offices in most Asian countries. With 18 offices and more than 9,000 professionals in China, it deserves a top spot in this article. Continue reading Top China Real Estate Agencies: An Overview