Law on Housing 2014 of Vietnam provide new provisions to facilitate foreigners in purchasing houses in Vietnam. Foreigners is recommended to consider the 05 major changes mentioned below prior entering into the transaction: Y ĐỔI LỚN
Conditions: Foreign individuals who are allowed to enter Vietnam
Noted: Foreign individuals must reside in Vietnam for
more than 01 year.
Type of Housing: all
types including apartment and house
Noted: Before only applied to apartment
Limitation of Housing: No limitation for foreign individual. However, all foreigners may not buy, rent and
purchase, receive, inherit and own more than 30% of apartments in an apartment building; or more than 250 houses regarding separate houses
including villas, row houses in an area whose population is equivalent to a
ward-administrative division.
Noted: Before, a foreigner is
only allowed to purchase 01 apartment in Vietnam
Objectives of Housing: Foreign individuals might rent, purchase, inherit or
mortgage
Noted: Before, foreign
individual may only purchase houses for residence.
Term of Ownership: The
foreign individuals are eligible for the homeownership as agreed in agreements
on housing sale, lease purchase, gifting, or inheritance for not more than 50
years, from the day on which they are granted the Certificate and they may be
also granted extension up to 70 years.
If a foreign
individual marries to a Vietnamese citizen or an oversea Vietnamese, he/she
qualifies for stable and long-term homeownership and has all rights of homeowner
similarly to Vietnamese citizens
Content
|
Before 01 July 2015
|
After 01 July 2015
|
Conditions for Foreign individuals
|
Reside in Vietnam for
more than 01 year
|
Allowed to enter into
Vietnam
|
Type of Housing
|
Apartment
|
House and Apartment
|
Number of Housing
|
01 Apartment
|
No
limitation for an individual
No more
than 30% of total apartment in a building
|
Term of Ownership
|
50
|
50 (can be extended to
70)
|
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