Most foreign buyers of flats in Vietnam are buy-to-gain investors: CBRE

March 17, 2024

Up to 60 percent of these buyers are buy-to-gain investors, according to a report by realty consultancy firm CBRE Vietnam. Buying homes and holding them for capital appreciation remain the most popular strategy for foreigners purchasing residential real estate in Vietnam. Very few non-Vietnamese, mainly long-term residents, purchase residential real estate for self-use and a few of them are renting out their apartments. CBRE Vietnam’s report revealed that 75 percent of foreign buyers of residential properties in Vietnam were from developed Asian markets. The 2014 Housing Law, which took effect in 2015, permits any foreigner allowed to enter Vietnam to purchase residential properties in the country.

The source of this news is from Tuoi Tre News

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