Gov’t urged to ease home-buying for foreigners

vietnamnet

HCM City People’s Committee has asked relevant departments to tackle problems in granting house ownership certificates to overseas Vietnamese to encourage their investment into the real estate market.

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Foreigners are provided with information about buying houses. — Photo vietnambiz.vn

Statistics of the municipal Department of Construction revealed that only 15 Viet kieu (overseas Vietnamese) and foreigners were granted house ownership certificates in the city during the past two years. Tiếp tục đọc “Gov’t urged to ease home-buying for foreigners”

Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City

Vague regulations on foreign property ownership continue to put off non-resident homebuyers.

By Tuoi Tre News

August 06,2017, 14:35 GMT+7

​Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City
Foreigners look for an apartment in District 2, Ho Chi Minh City. Photo: Tuoi Tre
Only 15 foreigners and Viet Kieu (overseas Vietnamese) were granted certificates of house ownership in Ho Chi Minh City as of May 15, according to statistics from the municipal Department of Construction.

The reality is in stark contrast with a government decree and new housing laws enacted in 2015, which relaxed requirements for foreigners to own properties in Vietnam. Tiếp tục đọc “Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City”