How to buy a house in Hanoi, Vietnam?
Vietnam is one of the developing countries, and is also one of the countries in the world attracting very strong foreign investment, especially in the real estate market. Many foreigners move to Vietnam in general, and Hanoi in particular is a cultural and historical city to live and work. Therefore, owning a home for themselves is one of their long-term desires in the future. To learn how to buy a house in Hanoi and what to look out for as a foreigner?
Determine the type of property
One of the first things you need to do is determine the type of property you want to buy. More specifically, is it an apartment, villa, or a house? It’s a necessity because everyone’s needs are different, and so are you. And if you have already determined the type of property you want to buy, go to step two.
Determine the area
Once you’ve figured out your property type, it’s the second most important thing to do is determine the area where you want to live. Of course, everyone wants to choose an area to live that is close to work, or a place to live with full facilities around or find a property with a beautiful lake view… It’s really important because you will have to spend billions of money to enter that house, not hundreds of thousands or millions. I repeat, “That’s billions”. Therefore, determine the area you really want to be in before taking the third step.
Determine your budget
This is one of the most important factors that influence the two factors above, which is to determine your budget. You have several hundred million, you cannot buy a house in Hanoi. You have a few billion, you cannot buy a house in the Old Quarter, or near Red River, West Lake. So this is one of the very important steps in buying a house in Hanoi. Determining your budget correctly, you will be able to choose a home that meets your criteria.
Find the desired home on Jackierealtor.vn
You go to the website Jackierealtor.vn -> Go to For Sale on the horizontal menu bar -> Select the area you want -> Select the project you want -> And choose to Sign Up For Advice to receive more information about properties for sale that you care about and want to buy. Within 24 hours, the team of Jackie Realtor will contact you as soon as possible and advise you!
Some notices when buying a house in Hanoi in particular and Vietnam in general for foreigners
- Foreigners who are individuals must have a valid passport and visa stamped by the Immigration Department and not eligible for diplomatic privileges and immunities. As for enterprises, they must have an investment certificate or papers related to their permission to operate in Vietnam, issued by a competent Vietnamese state agency, which remains valid at the time of signing the house purchase or rental contract.
- Foreign organizations and individuals permitted to enter Vietnam may purchase, rent-purchase, receive a donation, inheritance and own no more than 30% of the number of apartments in an apartment building if the house is a private house. If oddly, in an area with a population equivalent to that of a ward-level administrative unit, it is allowed to buy, rent-purchase, receive a donation, inherit and own no more than 250 houses. In addition, a foreign individual is entitled to own a house for up to 50 years from the date of issuance of the Certificate and can be extended further if required; particularly in cases where a foreign individual marries a Vietnamese citizen or a Vietnamese residing in the country, he/she may own a stable, long-term house.
To have more details about Hanoi Real Estate, please contact:(+84) 39 819 5355 – Jackie Realtor Jackierealtor.email@example.com