Is it possible to buy property in Vietnam?

T

thomsk

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Am wondering whether anyone has invested in Vietnamese property - residential or commercial?
From what I can gather, the opportunity to directly invest is limited to natives, but then again I am not sure.
 
Would be a very high risk investment. Government is communist and can do whatever they want when they want. Massive corruption
 
Hi,

Agree with GDE's thoughts, but Vietnam has massive potential and it is possible to get in at present. Need a stronger stomach than me though!! Not for the faint hearted.
 
I think foreigners cannot buy property in Vietnam. I may be wrong though.

Slim
 
According to The Business Inquirer (philippines) today vietnamese housing market is quickly on the way down. 25% inflation rate at the moment is causing havoc in the economy, and the stock market is plummeting. They intimate that its little boom is finished and bad times are ahead
 
GDE,

How is property doing in the Philippines at the moment. Is the weak USD having much effect on the buying power of the overseas workers?
 
Towger said:
GDE,

How is property doing in the Philippines at the moment. Is the weak USD having much effect on the buying power of the overseas workers?
Click to expand...

The markets doing very well here in two areas, Makati and in Boracay. According to government stats of 2007 makati rose 19.8% Boracay rose 30%

The dollar doesnt seem to have effected purchasing at all, however there has been increased buying by europeans, chinese and singaporians which most likely has offset the losses from people in the US and middle eas buying ( middle east has lots of overseas workers, and their currencies are tied to the dollar). The major developers like Ayala and Robinsons are selling towers sometimes in one day when they launch, for example a whole tower was bought buy 100 different italian buyers a couple of months ago. We are talking about 40-50K apartments though so its cheap.

When I arrived here a year ago, the Peso was the strongest currency in Asia and they had just come off the back of a 7.5% GDP the highest in 20 years. Oil and Rice prices has effected inflation a bit however in the last 6 months so that GDP will decline in this quarter. They dont seem to be effecting the real estate market here or in HK/Singapore because I suppose those two things effect the poor and business a bit more then real estate investors

I decided to price in Euro instead of $US and probably the only one in the country doing so but I felt there was no other option really for both my profit margins and so buyers can actually see a realistic gain in the value of their unit.
 
Thats good to hear. The exchange rate here has gone up to 70Peso to the euro, alas Bank of Ireland just gives 68. It was up to the mid 70's during early 2005. I have been watching some of the expats forums, they are being hit hard by the drop in the USD.
 
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