According to FazWaz, the average selling price in Hanoi is VND 4.9 million. At the same time, the average price per square metre is reported to be 108 million VND (4.65 USD per square metre). There are currently around 9,000 properties for sale on FazWaz in the Hanoi region. Property prices in Vietnam are considered very affordable compared to other property centres popular with the Chinese, such as Bangkok.
A high-end property in the centre of Ho Chi Minh City costs USD 3,000 to USD 6,000 per square metre, while the equivalent in Bangkok costs around USD 7,000 to USD 9,000 per square metre. In this respect, Vietnamese luxury flats seem like a bargain for Chinese investors who are used to sky-high prices in their home country or in countries like Singapore. If you have the privilege of moving abroad to retire, moving to Vietnam has a lot to offer in terms of culture and cost of living. As Vietnam is in the south, the weather is warm all year round, but its coastal location means it is cooler than in the city.
According to the multinational law firm Baker McKenzie, the agreement should benefit the real estate market in Vietnam. In addition, many overseas Vietnamese prefer to buy property under the name of relatives to avoid tax liabilities and other obligations. The introduction of an ever-renewable lease means that Vietnam now has one of the most open property markets in Asia. Indeed, it is almost impossible to avoid street food in Vietnam, especially in cities like Ho Chi Minh where street food is part of everyday life.
Although the list of regional foods originates in southern Vietnam, it is also useful for street food in the rest of Vietnam. And as a predominantly Buddhist nation, Vietnam offers a nice contrast of cultural holidays and religious rituals. Many expats considering living in Vietnam are looking for a place with a fascinating culture, good food and a quality lifestyle at a reasonable price. In its report, Moody’s pointed out the increased risk of a balance of payments crisis in Vietnam as imports exceed exports.
However, after 9 years of implementing the law, only 140 Viet Kieu have bought houses in their own names due to the bureaucratic hurdles. This makes Vietnam attractive to Chinese buyers who view real estate as a long-term investment, whether as a primary residence or for rental. Fill out the form to contact a real estate agent in Vietnam, Malaysia, Thailand or other countries. Virtually everything of business importance in Vietnam is conducted through Ho Chi Minh City, making the country’s property market very popular with expats and foreign investors.
As in major cities around the world, you have access to a wide range of expat amenities such as expat grocery shops, expat restaurants, gyms, coworking spaces, shopping malls and a higher class of housing if you want to afford a fully equipped flat.