Congratulations! No need for a long wait anymore. This article will provide vital information to our foreign investors seeking to purchase property in Vietnam.
There is nothing to talk about because buying and selling procedures are very easy when a Vietnamese is seeking to buy properties here in the country, however what happens when you are a foreign national?
Foreigners must be guided with the follow guidelines upon buy property in Vietnam
Case 1:
If you are a dual citizen “that is, have a foreign nationality and have additional Vietnamese nationality and have a Vietnamese identity card, you can still buy and sell real estate in Vietnam or any real estate property. Anywhere in Vietnam is fine.
Case 2:
If you are a foreign national, married, and your spouse has Vietnamese nationality or your spouse has dual nationality as stated in case 1, buying and selling real estate or any other real estate property in Vietnam is fine.
>>Because in Vietnam, the property purchased by the spouses after marriage is the common property of the husband and wife, so it doesn’t matter who is on the certificate of property ownership.
Case 3:
Foreigners with foreign nationality can buy real estate but must clearly state that the ownership period is 50 years from the time of purchase
For example: The resort real estate beach townhouses, beach villas, shophouses, beach hotels are mostly owned for 50 years, whether you are Vietnamese or foreigners.
It is possible to buy an apartment or a house owned by 50 years, provided that the owner named in the ‘sales contract’ resells it to you as a foreign national, then you are 100% sure that you can buy the apartment. Household easily without being entangled or hindered by Vietnamese law.
As for the owner, who has the same nationality as the case 1 as mentioned above, the purchase and sale still happens, it must be said as easy as a piece of cake :)))
On the other hand, if the owner resells to you the owner named in the purchase and sale contract “for the apartment that has not been issued a pink book”, or the person named in the apartment ownership certificate “pink book” resells it to you. If you are a Vietnamese citizen, please give up 100% 🙁
To save time, or if you have any other inquiries please call Hotline 0909776491 or 0902763027 to have the sales department answer any of your questions.
Having reading this far, it does not disappoint readers, that is why Novaland company will share a little more for customers to understand more about the law of buying and selling for foreigners.
If you buy apartment in vietnam but the project is still in the process of being opened for sale from the investor, you can buy it comfortably without having to think that the reseller is a foreign or Vietnamese national.
Please note that if the project is open for sale, has reached 30% of foreigners owning property in a certain location. It won’t be permissible for a foreign buyer to attain property from the said project no more.
So the solution for you is to invest in another highly profitable real estate project or wait? Believe me, in Vietnam now real estate is very developed, so it’s ok to find out a reputable investor to buy real estate.
Any reputable Real estate investor In Ho Chi Minh City Vietnam is worth investing in?
Let us introduce to you a reputable real estate investor in Ho Chi Minh City, Vietnam.
Investing in resort real estate in Vietnam is the trend that brings the highest profits for foreigners.
So we need to find a credible developer that sell both luxury apartment projects and reputable real estate, and it can only be Novaland.
Find out more about our products that are on sale here while they are still cheap because of the first batch just being lined up for open sales. This will allow early birds to nick pick in accordance to their taste.
Here is some useful information for you. Novaland Company would like to thank you for reading this article from beginning to end. Hope that there is a need to buy, sell / rent / transfer real estate in Vietnam in general and apartments in other projects in districts 1,2,3,4,5,7…. Binh Thanh in particular, please call 0909776491 Mr Tony and give us the opportunity to serve and satisfy you.
