Can foreigners buy individual houses in Vietnam? (non-project townhouse). If you buy the form of ownership, how the procedure?
You can read more information at Vietnam Real Estate Law
The answer to whether foreigners can buy individual houses in Vietnam:
Paragraph 2 of Article 159 of the Housing Act 2014 states:
“Foreign organizations and individuals may own houses in Vietnam in the following forms:
a / Investing in the construction of dwelling houses under projects in Vietnam according to the provisions of this Law and relevant laws;
- b) Purchase, hire purchase, donation or inheritance of commercial houses, including condominiums and detached houses in investment projects on the construction of dwelling houses, excluding areas for defense and security maintenance under Government regulations.”
According to the above provisions, foreigners shall only have the right to own houses under two forms of investment in the construction of dwelling houses under projects in Vietnam according to the provisions of this Law and relevant laws; Purchase, hire purchase, donation or inheritance of commercial houses, including condominiums and detached houses in investment projects on construction of dwelling houses, except for areas for defense and security maintenance according to regulations government.
As a result, individual townhouses (townhouses not belonging to the project) are defined in Clause 2, Article 3 of the Housing Law of 2014. “Separate dwelling houses are houses built on separate land plots belonging to the use right. Lawful organizations, households and individuals, including villas, adjoining houses and independent houses. “Not belonging to the group of dwelling houses which foreigners are allowed to own in Vietnam. In other words, foreigners are not allowed to buy single detached houses in Vietnam.
4 note to grasp when selling a home to foreigners
Currently, the demand for renting houses and buying houses of foreigners in Vietnam is increasing sharply because of the open door policy. However, there are many people who have difficulty selling houses to foreigners. Here, Rever will point out 6 notes to handle when dealing with foreigners.
First: Need to communicate with foreigners
If you want to sell your home to a foreigner, it is imperative that you communicate with them in their own language, which may not necessarily communicate well but should be enough for the two parties. understand each other. Because there will be many incidents and problems that arise while dealing with foreigners, or during the time you call to look after them. Good foreign language skills will be the key to opening more business opportunities, relationships with customers, foreign partners.
Second: Scheduled, do not be wrong
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You have to pay special attention to this, the foreign guests love to work on time if the delay of 1 to 2 minutes many guests are not satisfied and they do not care about any reason you give … Make sure you are on time. If you arrive on time, you do not know if you can help them, but that will be a plus for you in the way you work. In case of late arrival, message a message, so that guests know that you also respect their time.
Third: What is not sure should not be said
As foreigners, sometimes they can not understand the issues and procedures in Vietnam, so you have to work clear from the beginning. When not sure, do not say. When the words you say do not come out, the hard-edged guests will assume that you are an unskilled, professional, and cause the foreigners to feel you are cheating on them lack of information, confusion.
Fourth: Understand procedures for dealing with foreigners
All procedural information must be accurate. You can not close deals with customers when the terms, information, conditions to constitute a transaction is not enough. The consequences and complications will be unforeseen. The basis of each transaction is different.
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